Forumsee logo
Forumsee » Finance and investment » Stocks and Funds » Read message
RSS: Subscribe to RSS

Vanguard joint taxable account questions

Bogleheads • View forum - Investing - Help with Personal Investments - www.bogleheads.org
I opened an individual brokerage account at Vanguard a month or so ago. My wife also wants to invest in a taxable account, so I'm considering making my account a joint account. Our taxable would be for retirement (20+ years away).

The reason I'm considering a taxable account is that I'll be the one managing our retirement portfolio, so I think it would be easier to have 1 joint taxable account. It would also streamline our holdings in case I wanted to do some TLH in the future. I'm aware of wash sale rules.

That said, here are my questions:

1. Does a joint taxable account simplify or complicate tax preparation (we file jointly)?

2. Will we be able to clearly see who contributes how much to the joint taxable account?

For example, can we see what linked bank account is being used for each buy?

We both want this transparency so we can see how much we are each contributing every year.

3. We don't live in a community property state. We live in a equitable distribution state.

Should this impact our decision to do a joint taxable account?

(No, we are not planning on divorcing. We just want to have a complete picture.)

4. Does a joint account make survivorship easier?

5. If, at any time, we wanted to turn the joint account into 2 individual accounts, is this easy to do?

Does it involve selling and rebuying if the funds remain the same?

Would it have any negative financial impacts?

6. Would it be easy to change my individual Vanguard brokerage account into a joint account?

If so, what are the basic steps?

I know I can call Vanguard for the details. I just wanted some feedback.

7. Is there anything else we should consider when creating a joint taxable account?

Thanks in advance for any help.
Date: Jun 19, 2017   


Last videos:

Chinese real estate investment
Chinese real estate investment
Chinese real estate investment
Chinese real estate investment
How To Get Followers On Facebook Instagram Yoytube Twitter Free For Busines
How To Get Followers On Facebook Instagram Yoytube Twitter Free For Busines
The art of adjustment
The art of adjustment
Ameriprise Mistake-Need Advice on Vanguard Allocations and Planning
Ameriprise Mistake-Need Advice on Vanguard Allocations and Planning
2017 Economic Prediction/Discussion
2017 Economic Prediction/Discussion
10 Things You Didn't Know About Everyday Objects
10 Things You Didn't Know About Everyday Objects
One stop shop for FREE fundamental analysis links
One stop shop for FREE fundamental analysis links

Cars ·
Travel ·
Pets ·
production-frontend