No. of Recommendations: 1
Well, I have an IRA account and a Trust Account with Vanguard. I have a lot, for us, of "safe" money in the Vanguard Federal Money Market Fund in each account and I can also use it for checking for larger amounts. Of course, the MMF, like all, doesn't pay dividends worth spit. So I want to at least get some CDs. So this requires I open brokerage accounts, which will also allow me to buy stocks, if I want. OK, so I have to fill out long forms for each account. Actually, there is another reason for doing this in the Trust Account. I have a small account with smith Barney and they have invited me to move it elsewhere. I had been contemplating this because they started charging me a small monthly fee for keeping the account.

The form I filled out for the IRA was an "old" form, it turns out, though I got it from them earlier this year. So they wanted me to fill it out again. So I said "Why don't you fill it out for me as much as you can and send it to me for signature?" OK. They asked a few questions in the filling in (information they already had.). They still need me to fill in my signature and date and, for some strange reason, my SS# (which, of course, they already have). Presumably this is in the mail.

On the Trust Account, I was able to fill in the form online and much of it was automatically filled in with information Vanguard already had so it wasn't a big job. But, since it is a Trust Account, there was another 19 page form that had to be filled out and printed (but again most of it was filled in automatically). Among the things required was a copy of the Trust although they already have a copy from when the Trust Account was opened. "I know, I know" the lady said, "but please humor me and do it." I also had to provide a recent statement from Smith Barney, which I fully understand in order to make the transfer. but aside from my signature and dating and, for some curious reason, my SS# (which, of course, they have), most of the rest of the form was already filled in. So now this is all done and shipped off to them.

We'll see haw this progresses. Shades of the IRS. Private industry, love it, love it. So efficient.

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