I am considering moving over the next few months from EJ to Fidelity. I own multiple ETFs and mutual funds. Some of the Mutual funds are with American. I read somewhere I may be charged a 1% fee on the ones less than a year old. Anyone know if this? I also read of people getting some of the transfer fees covered by Fidelity..
What else do I need to be prepared for leaving a full service place? What about record keeping type stuff for taxes and such? I assume Fidelity provides all my tax forms at the end of the year such as 1099r. I saw somewhere a fee for record keeping is why I ask.
Will my cost basis carry over to Fidelity?
We have 2 Roth accounts, 2 trad IRAs, a taxable account, and a inherited IRA.
I am trying to learn and gather the pit falls.
I have been browsing Fidelity and found a few mutual funds and ETFs that I would use to build my portfolio with. I also have the TSP. At a very minimum I would stop with our Roth’s at EJ (American Funds) and make up for it in my Roth TSP.
If we make the full move to Fidelity, it would be at the new year. To get a cleaner break. I like the EJ guy as he has taken us further than we would have been ion our own over the past decade. But the cost going forward are high and I am more willing to do some work and planning at my stage in life.
FYI I am 41 and wife is 40. We are planning on retiring at 58 from federal service / military. This whole rabbit hole started on a recent post of the money guys and talking about American Funds.
What else do I need to be prepared for leaving a full service place? What about record keeping type stuff for taxes and such? I assume Fidelity provides all my tax forms at the end of the year such as 1099r. I saw somewhere a fee for record keeping is why I ask.
Will my cost basis carry over to Fidelity?
We have 2 Roth accounts, 2 trad IRAs, a taxable account, and a inherited IRA.
I am trying to learn and gather the pit falls.
I have been browsing Fidelity and found a few mutual funds and ETFs that I would use to build my portfolio with. I also have the TSP. At a very minimum I would stop with our Roth’s at EJ (American Funds) and make up for it in my Roth TSP.
If we make the full move to Fidelity, it would be at the new year. To get a cleaner break. I like the EJ guy as he has taken us further than we would have been ion our own over the past decade. But the cost going forward are high and I am more willing to do some work and planning at my stage in life.
FYI I am 41 and wife is 40. We are planning on retiring at 58 from federal service / military. This whole rabbit hole started on a recent post of the money guys and talking about American Funds.
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