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.


Read responses in bogleheads.org

Last videos:

$GYNAF Huge News!
$GYNAF Huge News!
any one know about this system..
any one know about this system..
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
my video in my youtube channel in 19/1/2018 that i predict COLLAPSE
my video in my youtube channel in 19/1/2018 that i predict COLLAPSE
Menuva - Payments Adjustable to You
Menuva - Payments Adjustable to You
$FUSZ on iHeartRadio CEO Money Today
$FUSZ on iHeartRadio CEO Money Today
Cars · 
Mobility · 
Hardware · 
Motorbikes · 
Travel · 
Boating · 
Aviation · 
production-frontend
About Forumsee · Contact · Privacy policy · Request content removal
We use cookies for navigation analysis and personalized advertisement. By using our site, you agree to our use of cookies.
Accept  ·  Learn more