Vanguard lost my 401K money!!

[Al]

Originally Posted By: Drew99GT

Essentially, you get penalized for converting a traditional account to a Roth account. In a perfect world, you'd only pay income tax on the contributions to a traditional account when you roll it over to a Roth, but that's not how the tax Gods made it.

Beats me why you would not just do a simple 401K rollover and then start another Roth.

 

[VeeDubb]

Yeah, rolling into a Roth is a major pain in the arse. I considered it for about .......2 minutes.

 

[Cutehumor]

as mentioned, the 401k is pre-taxed. if you roll to a Roth IRA, it's taxed. so I was taxed when the stock was $15 higher a share when it was processed 8 days later. When I sent paperwork, stock was around $83. They "processed" the rollover when the stock was $93 a share, but the date they did it was $78 a share. It's like they picked the date when the stock was highest to covert it. It's fishy to me.

 

[Torino]

Not to worry. Vanguard is quite competent and honest. Besides, it was a computer transaction and everyone knows that when a computer is involved NOTHING can go wrong--go wrong--go wrong--go wrong---.John--Las Vegas.

 

[Pablo]

There are reasons for personal ownership of cruise missiles.

 

[moribundman]

Originally Posted By: Cutehumor
They "processed" the rollover when the stock was $93 a share, but the date they did it was $78 a share.


That happens to me each time I exchange currencies. Whatcha gonna do?