This reminds me of a post in this thread (excerpt below): viewtopic.php?p=7395123#p7395123There is a one year hold on being able to transfer money out of the account and that this one year restriction is Vanguard’s policy!
When pressed, he could not provide any specific language in Vanguard’s brokerage agreement to support this alleged policy, nor could he provide any information as to where this one year time restriction is detailed or stated.
So….. based on my last discussion with Vanguard associates and hearing feedback from Bogleheads, not allowing my mom to move online cash brokerage transactions back to her originating bank is NOT policy driven, but instead driven by system analytics. She is able to perform this brokerage transaction with a phone call, and as usual, she can still initiate IRA transactions back to her bank.
Statistics: Posted by neurosphere — Mon Aug 12, 2024 1:56 pm