Any reason to not transition my vanguard IRA and taxable mutual fund accounts to Brokerage Accounts

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jjet65
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Joined: Sat Aug 26, 2017 3:07 pm

Any reason to not transition my vanguard IRA and taxable mutual fund accounts to Brokerage Accounts

Post by jjet65 » Tue Sep 12, 2017 3:53 pm

Any reasons not to transition my Vanguard accounts to brokerage account(s). I have a taxable Ira, Roth IRA, and taxable mutual fund account with Vanguard. I am getting notices that I can transition to a Brokerage Account at no charge. Vanguard states it will streamline their processes or bookkeeping, can't recall exactly how they worded it. I read the materials on their site explaining it. It looks to me like there is no drawback and seems if it makes it easier/less costly for Vanguard administering accounts why not go ahead, maybe it will even help keep costs down.
Thanks for any info.
John Swan

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Artsdoctor
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Joined: Thu Jun 28, 2012 3:09 pm
Location: Los Angeles, CA

Re: Any reason to not transition my vanguard IRA and taxable mutual fund accounts to Brokerage Accounts

Post by Artsdoctor » Tue Sep 12, 2017 7:40 pm

If you don't need a brokerage account, then don't upgrade. Brokerage accounts with their settlement funds are still not streamlined at Vanguard so I wouldn't do it unless they forced you to.

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