Just a word of warning. I did the brokerage conversion with Vanguard and then a year later tried to rollover a small portion of my IRA to Fidelity. Since the Vanguard was a brokerage account, Fidelity would not allow a rollover to another IRA and claimed I had to open a brokerage account IRA with them. I thought it was a fluke, but received the same response from Schwab.
I tried numerous times to open new IRA at other places and do a rollover, with no luck. I fixed my problem by rolling the entire amount into my 401k and will move it back to another fund family after retirement.
I don't know what the brokerage account does for me in Vanguard, but I know what a PITA it is if you want to move it out from Vanguard!
I tried numerous times to open new IRA at other places and do a rollover, with no luck. I fixed my problem by rolling the entire amount into my 401k and will move it back to another fund family after retirement.
I don't know what the brokerage account does for me in Vanguard, but I know what a PITA it is if you want to move it out from Vanguard!