Out_the_Door
Recycles dryer sheets
As the title says, I am in the process of positioning my accounts in anticipation of leaving the work force in 2020. I have a small IRA (Merrill Lynch) that is invested in seven funds. My ultimate goal is to liquidate all my current holdings and buy several Vanguard (or Fidelity) funds within an IRA.
I called Vanguard to get an idea of the fees involved in liquidating my funds after if I do an in-kind transfer and I just got a sales pitch for their services and a promise to call me back for a follow-up after I told them that as much as I enjoy this conversation I actually have to get back to work.
My next step is to call Merrill Lynch and find out what their fees are for liquidating the shares and placing the funds in an IRA money market fund and then initiate the in-kind transfer.
For the people who have done transfers of IRAs between companies; is it simpler to do in-kind transfers or liquidating funds prior to transfers? And for the people who have Vanguard IRA accounts will I have to jump through hoops to sell the funds if I do an in-kind transfer?
Thanks
I called Vanguard to get an idea of the fees involved in liquidating my funds after if I do an in-kind transfer and I just got a sales pitch for their services and a promise to call me back for a follow-up after I told them that as much as I enjoy this conversation I actually have to get back to work.
My next step is to call Merrill Lynch and find out what their fees are for liquidating the shares and placing the funds in an IRA money market fund and then initiate the in-kind transfer.
For the people who have done transfers of IRAs between companies; is it simpler to do in-kind transfers or liquidating funds prior to transfers? And for the people who have Vanguard IRA accounts will I have to jump through hoops to sell the funds if I do an in-kind transfer?
Thanks