A few years ago, I rolled my 401(k) into an IRA with Vanguard. Other than the logistics (mostly with my prior company), the transfer was easy. I was grateful to get out from under the mutual funds offered by my prior company. Not sure how they were managed, but you couldn't find them listed anywhere outside of the investment company (State Street).
We're about to roll over my DW's 401(k) funds to an IRA, and once again, we're considering Vanguard (although I wonder if going with Fidelity or Schwab would be considered "safer" - eggs in one basket and all). In her case, the situation is a little different. She has part of her investment in a Vanguard fund, and the rest in the Dodge & Cox Income Fund (DODIX).
The main reason for the rollover is her 401(k) company now charges an individual both quarterly and yearly fees for managing the account as an "ex-employee" (used to be covered by the company). The funds already have fees associated with them. No need to keep paying more than that.
We would like to retain those funds, but is a direct rollover allowed? Do we have to wait a period of time before we can re-purchase the same funds? Sorry, first time we would be doing this. I recall reading something related to this, but I can't remember the specifics.
On a side note, what are the fees associated with transacting DODIX under Vanguard? This is a transaction-fee mutual fund, but it appears the trade costs are related to the account level (Standard, Voyager, Voyager Select, Flagship, Flagship Select). Would the sum of my IRA, DW's potential IRA, my inherited IRA, and a joint money market fund determine the account level? Or is this determined separately for our IRAs?
We're about to roll over my DW's 401(k) funds to an IRA, and once again, we're considering Vanguard (although I wonder if going with Fidelity or Schwab would be considered "safer" - eggs in one basket and all). In her case, the situation is a little different. She has part of her investment in a Vanguard fund, and the rest in the Dodge & Cox Income Fund (DODIX).
The main reason for the rollover is her 401(k) company now charges an individual both quarterly and yearly fees for managing the account as an "ex-employee" (used to be covered by the company). The funds already have fees associated with them. No need to keep paying more than that.
We would like to retain those funds, but is a direct rollover allowed? Do we have to wait a period of time before we can re-purchase the same funds? Sorry, first time we would be doing this. I recall reading something related to this, but I can't remember the specifics.
On a side note, what are the fees associated with transacting DODIX under Vanguard? This is a transaction-fee mutual fund, but it appears the trade costs are related to the account level (Standard, Voyager, Voyager Select, Flagship, Flagship Select). Would the sum of my IRA, DW's potential IRA, my inherited IRA, and a joint money market fund determine the account level? Or is this determined separately for our IRAs?