kannon
Recycles dryer sheets
Good Morning All -
My wife is retiring and has a 403b plan that at the end of the year will be transferring to Transamerica. At this point we will not be making anymore contributions.
I thought this would be a good time to start consolidating our investments to Vanguard. We are looking at Vanguard Wellesley cause the asset allocation matches very well with our strategy.
Her current 403b has made distributions and will be transferring to Transamerica 31 Dec 15. Vanguard Wellesley of which we are interested has not yet made distributions.
My question is if I start the transfer now before Wellesley distribution am I making a big tax mistake. It will need a few days to make the transfer happen so if wait too long for the Wellesley distribution to happen the funds may end up going to Transamerica first and then to Wellesley. I know that if we buy into Wellesly before distribution we pick up the capital gains tax impact.
I am just a bit confused on tax implications. Capital gains, cost basis, ...
Appreciate your thoughts.
Thanks much.
kannon
My wife is retiring and has a 403b plan that at the end of the year will be transferring to Transamerica. At this point we will not be making anymore contributions.
I thought this would be a good time to start consolidating our investments to Vanguard. We are looking at Vanguard Wellesley cause the asset allocation matches very well with our strategy.
Her current 403b has made distributions and will be transferring to Transamerica 31 Dec 15. Vanguard Wellesley of which we are interested has not yet made distributions.
My question is if I start the transfer now before Wellesley distribution am I making a big tax mistake. It will need a few days to make the transfer happen so if wait too long for the Wellesley distribution to happen the funds may end up going to Transamerica first and then to Wellesley. I know that if we buy into Wellesly before distribution we pick up the capital gains tax impact.
I am just a bit confused on tax implications. Capital gains, cost basis, ...
Appreciate your thoughts.
Thanks much.
kannon