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DH has an IRA with Fidelity. At this point the money is in a mm account.
We want to take part of the money in this account and invest it in VG Wellesley. When we were on Fidelity's website the other day, we were able to pull up VG's VWIAX. It appeared we could transfer money to that account on Fidelity's website. We didn't do anything as I have the following questions:
Are there problems/extra charges initiating a transfer of funds on Fidelity's website to a VG account?
If not, since this money will be coming out of an IRA, can we do the transfer online? I need to make sure we don't pay taxes at this time since we need both accounts to be IRAs.
I know we can contact them next week, but wondered if anyone had experience with this. Thanks...
We want to take part of the money in this account and invest it in VG Wellesley. When we were on Fidelity's website the other day, we were able to pull up VG's VWIAX. It appeared we could transfer money to that account on Fidelity's website. We didn't do anything as I have the following questions:
Are there problems/extra charges initiating a transfer of funds on Fidelity's website to a VG account?
If not, since this money will be coming out of an IRA, can we do the transfer online? I need to make sure we don't pay taxes at this time since we need both accounts to be IRAs.
I know we can contact them next week, but wondered if anyone had experience with this. Thanks...