Husband has 10k in a Janus Venture fund. We decided due to higher fees (relative to Vanguard) and general unhappiness with their customer service that we wanted to sell that and move the money into VTSMX. When the fund began, he was a minor and he had a custodian listed and had to have the fund transferred in order to cash it out. This involved going to get a "medallion signature" from a bank, sending in documentation that he is now an adult, etc. He sent all the documentation in October. In December he called and asked Janus what was taking so long, and they gave a vague answer about things being busy at year end and it should happen soon (remember what I said about customer service).
We really wanted to sell the fund last year, since we were firmly in the 15% bracket, so we could avoid capital gains. This year, even after 401k deductions, we will definitely be far into the 25% category and will pay capital gains. Guess when the change finally went through? Yep, January 2nd.
Since one of the big reasons we wanted to move the account was to avoid fees, paying capital gains is not a great situation, but we really want to move it. Is there some trick I am overlooking? Or should we just sell it and mitigate the blow by putting an equal amount in traditional IRAs this year or something? I wish there was a rollover for funds...