Hello,
Some fantastic information here, and while I've think most of what I'm asking is covered in other posts, forgive me
if you will for trying to get some consolidated info for my specific situation.
I have a fairly substantial SEP as well as a couple of smaller IRAs, that I'd really like to get into a much simpler mix.
Current advisors have me in 27 funds in the SEP. I may be seeing that my greatest earning years are on the decline, so
I really want to protect these assets and gain a much better understanding of their perfomance. I can't see how they can make reasonable sense of it and keep tabs on a reasonable allocation and the fees therein.
So in a transfer to Vanguard am I right to think:
Have current broker liquidate and open cash account in Vanguard vs. "in kind" on 27 funds.
Current advisor says, "Ticket charges range from zero to $29 per trade for same day trades, but if we set the trades up a day ahead of execution we can avoid those charges. Otherwise, there are no other costs."
Then perhaps sit on the sidelines until I can buy back into Vanguard simpler scenario during some bit of a down market? (Something I've thought about a fair bit).
Please poke holes in this and set me straight.
i.e. is their just too much timing risk in the liquidation esp. if I set up trades a day ahead to save a few bucks.?
As for a joint taxable acct. I also have with the current advisor (23 funds), seems like "in kind" is probably the only way to
go, and then make conversions over time to VG products to streamline it, yes?
Thanks in advance for your thoughts on this.