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Learning, Sharing, and Teaching => Investor Alley => Topic started by: hbrocks on December 11, 2018, 12:48:16 PM

Title: Vanguard how to exchange my old rolled over IRA?
Post by: hbrocks on December 11, 2018, 12:48:16 PM

Talk to me like a 5 yr old....
I finally moved an old Oakmark IRA (OAKBX) to my newly opened vanguard account but now I'm not certain how to convert that old fund to the VTSAX fund.
 There's $5k sitting there in my account.... I'm not sure of the process now...
Can anyone tell me what the next step is.?

Thanks

Title: Re: Vanguard how to exchange my old rolled over IRA?
Post by: walkwalkwalk on December 11, 2018, 01:19:12 PM

Sell then buy.

Title: Re: Vanguard how to exchange my old rolled over IRA?
Post by: hbrocks on December 11, 2018, 01:20:20 PM

Thanks Walkwalk.....

Title: Re: Vanguard how to exchange my old rolled over IRA?
Post by: terran on December 11, 2018, 01:23:25 PM

I don't have a Vanguard account anymore, but I think there's an exchange option so they'll sell one fund and buy the other at today's price. If you sell then buy you'll have a day (at least) in between.

Title: Re: Vanguard how to exchange my old rolled over IRA?
Post by: hbrocks on December 11, 2018, 01:29:43 PM

thank you....
Yes they have an "exchange fund" option however when I attempted to use ....it kicked back saying they can only exchange from within the same fund family.....so I ended up "selling" 100% of the oakmark and will revisit tomorrow to see if the funds are available to but the VTSAX.....

Thank you...

Title: Re: Vanguard how to exchange my old rolled over IRA?
Post by: walkwalkwalk on December 11, 2018, 01:30:51 PM

Exchange is for vanguard fund to vanguard fund.