I'd strongly suggest that you phone Vanguard and get them to transition you now, rather than wait until the end of 2025.TL;DR : I received the mail, called Vanguard, and they said I cannot open brokerage account as NRA. I had to get on another phone call so cut it short. When I called them in the evening they said everything is hunky dory and even if I dont do anything I will be "transtioned over" to the brokerage system by end of 2025.
That way, you will head off any changes in policy between now and the end of 2025. It will confront Vanguard customer service with the reality of actually doing this, rather than simply spouting whatever comes into their heads first, which (depressingly) seems to now be the normal case for most if not all NRA queries. If something is to go wrong here -- and I have found that there is regularly a reality gap between what Vanguard customer service says is possible and what is actually possible -- it would be better to know of it now, and with time to prepare, rather than in a crunch in December next year.
I realise that your ground state is procrastination :-). However, in this case I believe it really is worth tackling this directly now, and not waiting for an annoyance now to become a crisis later.
Statistics: Posted by TedSwippet — Fri Oct 25, 2024 1:57 am