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DURABLEOILCOM
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- Oct 25, 2012
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What can I do with $50,000 to create monthly income? Where and how should I invest it? Is it better to go to Charles Schwab or Vanguard?
Right now I have the money with Fidelity in an Annuity Fund that has been completed, I do not like how Fidelity customer service has treated me how can I transfer the funds to another brokerage like Charles Schwab or Vanguard without losing most of it in taxes? What type of account would I need to open with Schwab or Vanguard to transfer the complete amount without losing it all to taxes. Ideally I would like to put $30,000 into a high yield savings and the rest into a low risk index dividend fund stocks. What would be the best course of action to take with the most minimal taxes and fees?
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