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Ripoff Report | Vanguard Review - Internet - Vanguard the group inc
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Report: #1189420

Complaint Review: Vanguard - Internet

  • Submitted:
  • Updated:
  • Reported By: Mark — Atlanta Georgia
  • Author Not Confirmed What's this?
  • Why?
  • Vanguard Internet USA

Vanguard The Vanguard Group, Inc. Misleading investment amount Internet

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I signed up for a traditional IRA with Vanguard. At no point in the set up process did their website mention there is a $1000 minimum to buy into the target date retirmenet mutual fund. My plan was to set up the account on automatic monthly debits. Your money does not earn interest if you want to save up to buy into the $1000 minimum mutual fund.

What is frustrating about this is that when I canceled my account the money I moved over is reported to the IRS and now I will lose 10% of my money due to early withdraw penalties.

Other than that their customer service was rude and their entire process confusing! 

This report was posted on Ripoff Report on 11/17/2014 09:07 AM and is a permanent record located here: https://www.ripoffreport.com/reports/vanguard/internet/vanguard-the-vanguard-group-inc-misleading-investment-amount-internet-1189420. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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