F You...Really, It's none of your business

I posted in the main forum a few days ago about the IRS effectively stealing my wedding budget. I owe over my entire wedding budget thanks to some shoddy advice from the IL government about my mom's retirement when she died last year. They took out taxes and said I wouldn't owe anything more or if I did, it wouldn't be much at all. I knew I was going to be taxed on capital gains, so I had our CPA (a very good friend) do the taxes and asked her how much I owed. I was SHOCKED when I heard the number. 


Well, I had to close my investment account in order to pay these taxes. Mind you, I don't have a job. I'm a STUDENT, and this was a one time thing. Well, I got royally F'd, and I was just doing what I was told to do at a time when I was 24 years old and officially an orphan. My mom's teacher/administrative friends even told me to do the same thing, so I felt like I was doing exactly what I was supposed to do.


Fast forward to today. I email up my investment broker the other day after I heard the number and explained the situation. He calls me at 7:30am (first wtf) and berates me! Things like, "well, where is the rest of your money?", "you shouldn't have done it the way you did," "how did you go through that much money so fast", etc.


It's NONE of your f'ing BUSINESS where my money is. Your sole purpose to me is to manage my investment account, which I want to close. I don't need a reason to close my account. JUST DO IT. 


 

Posted on April 5, 2010 at 2:16 am
ajfisher
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(6) Comments

Linzee
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11/20/2010
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Linzee

What an a**. He probably wanted you to keep the money in there so he could make a commission on transferring your $ to different stocks, etc.

Posted on April 5, 2010 at 4:39 am
Kaytana17
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07/17/2010
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First of all *HUGS* that freaken sucks that you were given poor advice/guidance.


BEFORE YOU CLOSE YOUR ACCOUNT - did you factor in any fee's you may have to pay? I don't know the specifics of it all - but if you transfer out of certain investments you may get hit with some penalty fee's.....and before you transfer it to a specific institution I'd get a few different opinions first. Investment Advisors will tell you anything you want to hear in order to gain your investment...all they see are dollar signs and their own quota needs...they don't give a rats a$$ about your financial situation...sorry..this is speaking from experience of working with these people. I think 1 out of 20 IA's are solid, quality, ethical people..the rest are NOT!

Posted on April 5, 2010 at 7:39 am
ag2010
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Aww omg I'm so sorry about this
Posted on April 5, 2010 at 10:51 am
ajfisher
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ajfisher

I asked about fees. There's nothing. I actually get money back that they took out for quarterly fees, which is nice and unexpected.


I'll just get taxed on capital gains on my 2010 return. I hate taxes. 

Posted on April 5, 2010 at 5:55 pm
HeidiDeann
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05/15/2010
HeidiDeann

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HeidiDeann

First off...sorry to hear about your mom :(


Second...EFF THAT GUY!! What a jerk!


As far as the capital gains...to the best of my knowledge with you being a student and being unemployed it may work out to be nothing.


(((hugs)))

Posted on April 5, 2010 at 6:54 pm
MBeau10
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10/10/2010
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So sorry to hear about your situation hun. ugh a 7am call for a money lecture is crap. I think I would tell someone to F off too!

Posted on April 11, 2010 at 11:39 am

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