magnificent wrote: ↑Sat Aug 18, 2018 5:13 pm
I'm preparing to transfer in kind from Ameriprise to Vanguard. What is the most tax-advantaged way to move assets? I'm in the 22% tax bracket. Do I have to move assets from Ameriprise joint to Vanguard joint and from Ameriprise Roth IRA to Vanguard Roth IRA? Or can I "criss cross"?
You cannot criss cross. In fact, I'm not sure you can move funds (as opposed to dollars) in a Roth IRA in kind. Did they say you can?
Ameriprise is full of things I want to sell in exchange for Vanguard index funds. In our
joint taxable account, the term is Long (technically "Multiple" but most have been held over 1 year except for dividend reinvestments):
- NBIAX — FEDERATED MUN & STOCK ADVANTAGE CL C — 7% Unrealized Gain
- FMUCX — COLUMBIA CAP ALLOC MODERATE AGGRESSIVE CL A — 6% Unrealized Gain
- SMLLX — WESTERN ASSET INTERMEDIATE TERM MUN CL C — 3% Unrealized Loss (value is < 10% of the 2 others combined)
Percentages don't mean anything when talking about gains and losses. Only dollars. So there is no answer to this question as presented. In general, you can offset gains with losses. This will reduce your potential taxes.
In our
Roth IRAs, the term is Short:
- IVV — ISHARES CORE S&P 500 ETF — 4% Unrealized Gain
There are not short term or long term gains inside a Roth IRA. It is just a total dollar amount. I'm not sure if you can move that ETF as it is directly to a new Roth IRA at another location. If you can, do that for now and worry about selling later.
I want to follow the strategy outlined in
Tax-efficient fund placement on the wiki, but I'm not clear how constrained I am by my current unrealized gains and how my assets are currently allocated between tax-free and taxable accounts.
You will need to present what you have and what you want in order to get an answer to this question. See the link at the bottom of this message for how to ask this kind of question. It is some work, but the closer you follow the link, the more you will learn and the better help people can offer you.