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7 thoughts on “The IRS, the Cardiologist, the Money Manager, and the Accountant”
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The only thing necessary for the triumph of evil is for good men to do nothing. ―Edmund Burke
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Oh man. Best of luck!
I think your “money guy” and/or Fidelity should eat the penalty for you.
Also–why DID he move the aged funds from Vanguard–beloved of many???? A question to be asked…
Because they duplicated the funds in my Roth IRA (which he did not change) and because he could make them return a hell of a lot more by diversifying them. Last month my total brokerage & IRA investments returned $10,000.
Couple of things: First for what ever reason, I about “peed” myself laughing with your exclamation of “HOLY $HIT!”. Second I share your weakness and would have opened the IRS envelope as you did, knowing full well it can’t be good news. AND on that subject …why does this “bad news/correspondence” especially from the IRS always come on the weekend …when you can’t reach anyone and therefore get to “stew” all weekend thinking the worst. And lastly…just an observation…but Fidelity is a shadow of it’s past self since Peter Lynch left….IMHO. Don’t know a lot about Vanguard BUT any thought to switching to TIAA-CREF. Will tell ya lately these folks have been doing a FINE job for me. Hope everything comes out OK with your monitor results….
It is my theory that this is a conspiracy. They deliberately time snail-mailings so that they will arrive at 6:00 p.m. on a Friday night, preferably of a three-day weekend.
I’ve been very unhappy with Fidelity’s 403(b) service, where the Great Desert University shifted my money after the powers that be, the idiots, decided to abandon Vanguard. Never could get the same story from any two customer disservice reps, and finally had to threaten a lawsuit to get any action.
Now that I’m untangled, once and for all, from GDU — all the 403(b) money was shifted over to the big IRA, making it even more bloated — the money management team runs interference. But I can tell you…if Stellar ever goes out of business, every penny will be rolled into an Vanguard IRA.
TIAA-CREF is a master at losing money for you. At least, it was for me. The market would go into a swoon. TIAA-CREF would lose even more than it was losing when things were good. The market would recover crisply. TIAA-CREF would continue to lose money.
In the DIY money management department, my best luck has been with Vanguard. Hands down.
“They”: that would be all of them. IRS. Medigap insurer (more about which to come). Gynecologist who, on a Friday night, tells best friend her pregnancy is a tumor (it’s not: it’s a healthy boy baby). You name it: if they have bad news to deliver, they contrive to get it to you after hours on Friday evening.
Hmmmm….”you have a tumor…no wait…it’s a baby”….I bellieve I would insist on seeing this Doctor’s credentials! Cheez…your poor friend had to experience the full range of emotions…crazy. As for TIAA-CREF…you are correct …sometimes….it’s a wild ride and patience can be tested. It has been my experience that these folks tend to be “forward thinkers” BUT sometimes get to the party too early. Let us not forget…”the pioneers get the arrows”…..