I currently have all my accounts except for 401k consolidated at VG. I have 2 taxable accounts (regular and brokerage), 2 traditional IRA accounts (regular and brokerage), a non-brokerage Roth IRA, and a non-brokerage inherited IRA.BigJohn wrote:VG is not forcing people to the new platform (yet??) but they clearly want to move in that direction. The only available option for on-line account creation is the new platform. An option for the old account platform is still available if you have a regulatory reason that precludes you from having a brokerage account but I think a rep has to do it for you. Since you don't have a regulatory need, I'm frankly not sure whether a VG rep will allow you to open an old style account but I doubt it.
When I retire, I plan to do Roth conversions for the period before I start SS and need to take RMDs from my traditional IRAs. Conventional wisdom suggests opening a new Roth IRA for every conversion to make it easy to recharacterize your conversion if stocks subsequently tank or if you have converted "too much" (from a tax-planning perspective).
Does this mean that if I want to do a Roth Conversion and open a new account at VG it would need to be a Roth brokerage account? Does anyone know if Roth conversions need to be between like types (e.g., brokerage to brokerage) or can you do a conversion between a non-brokerage traditional IRA to a brokerage Roth IRA? I suppose I could run my conversions from my traditional IRA brokerage account to a new Roth brokerage account and then roll the money back into the non-brokerage account once I know I don't want to recharacterize.
Anyone have any experience with this?