Saturday, May 22, 2010

American Century Investments

After the company systematically took too much money from my checking each year for two years to put into my wife's ira, They finally paid back the overages.  They took double the legal limit with out considering the individual will be hit up with the penalties when the overage is paid back.  So the accountant we use to do the taxes suggested they remove 10% for the fed tax and 5%for the state of Kansas.  Today they send a letter saying they only paid the fed.  Now we owe possible state estimate tax due to their stupidity.  Thank goodness we can move this over to Vanguard who has a concierge service that will prevent American Century's continual bumbling ways.  The letter today of course we got on Saturday and they do not have folks in the office to learn of their error.  Their latest error.