Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Without knowing what your current and proposed holdings are (your prerogative), it's hard to answer your question. I know I wanted to take advantage of transfer in kind for as many of our holdings as possible to avoid a large tax hit from selling old funds/stocks and buying new. I assume that's why Fidelity is asking, the tax consequences are probably substantial for you, and not to be taken lightly.
As you probably know, you can transfer in kind some or all funds/stocks that qualify and sell and buy funds later on your own schedule to manage the tax bite over more than one year, and maybe take advantage of offsetting capital gains and losses, you don't have to do it all at once...
And you need to make these decisions before transfers begin, there are no "do-overs." The tax consequences are permanent once transactions take place.
As you probably know, you can transfer in kind some or all funds/stocks that qualify and sell and buy funds later on your own schedule to manage the tax bite over more than one year, and maybe take advantage of offsetting capital gains and losses, you don't have to do it all at once...
And you need to make these decisions before transfers begin, there are no "do-overs." The tax consequences are permanent once transactions take place.
Last edited: