So my fiancee and I have money in three different international mutual funds on Fidelity (Canada-FICDX, Europe-FECAX, and Capital Appreciation-FIGRX, total value of all 3 being around $21,000, down from a cost basis of about $28,000) as well as a Roth IRA account for each one of us with a $4000 contribution to a Fidelity Freedom 2050 fund (value now at $2700 due to economy).
Lately I've been reading a lot of Boglehead-recommended books (currently reading The Boglehead Guide to Investing
) and I'm becoming more aware of the impact that cost makes on the investment. When we first invested the money in the first paragraph we didn't really know what we were doing (the 3 international funds have expenses >1% and the Fidelity Freedom Fund is something like 0.82%). We've recently opened up a Vanguard account (and we plan on maxing out our IRA contributions on our new Vanguard account this year) but I've been wondering how easy or advisable it would be for us to move our money from these Fidelity funds to Vanguard. Would it be fairly simple to sell our international funds and move that money into a Vanguard Total International Index for example? Would it be a bad idea for us to sell this investment while it's so low, or does this not really matter if we're going to be putting it back into an International fund right away anyway?
Secondly, is it possible to move a ROTH IRA contribution from Fidelity to Vanguard? Like, could I move the money to a newly-opened retirement account on Vanguard, say, putting the money in a Total Market Index fund and not have it count against my current year IRA contributions? Is this an advisable thing to do?
Lastly, are there any taxes or fees that might come about by doing this that would make the whole process not worthwhile?