best ways to move to Vanguard

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wije
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best ways to move to Vanguard

Post by wije » Sat Jan 12, 2019 11:53 am

Now that Vanguard has dropped commissions on ETFs, I'm thinking of consolidating everything there from my Etrade and Schwab Roth IRAs. Is it better to sell my ETFs at Etrade and Schwab and move the cash to Vanguard, or just move the ETFs themselves to Vanguard? Will I have to pay transaction fees either way?

livesoft
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Re: best ways to move to Vanguard

Post by livesoft » Sat Jan 12, 2019 11:55 am

If you move the ETFs to Vanguard and Vanguard really has no commissions on ETF transactions, then you won't pay commissions at Vanguard.

If you sell at your existing vendors, then move cash, you should already know how much your existing vendors charge for a transaction or if it is free with them.

You will have to ask your existing vendors what the fees are to close your account(s). Vanguard will not charge you a fee to accept ETFs and money from another vendor.
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ResearchMed
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Re: best ways to move to Vanguard

Post by ResearchMed » Sat Jan 12, 2019 12:00 pm

It also depends if you want to be in cash (out of the market) while the transfer is made.

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Earl Lemongrab
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Re: best ways to move to Vanguard

Post by Earl Lemongrab » Sat Jan 12, 2019 2:52 pm

Not sure why you'd consider anything but in-kind.

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wije
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Re: best ways to move to Vanguard

Post by wije » Sun Jan 13, 2019 11:51 am

Earl Lemongrab wrote:
Sat Jan 12, 2019 2:52 pm
Not sure why you'd consider anything but in-kind.
Would I still have to pay Schwab and Etrade's outgoing transfer fee?

bondsr4me
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Re: best ways to move to Vanguard

Post by bondsr4me » Sun Jan 13, 2019 12:11 pm

wije wrote:
Sun Jan 13, 2019 11:51 am
Earl Lemongrab wrote:
Sat Jan 12, 2019 2:52 pm
Not sure why you'd consider anything but in-kind.
Would I still have to pay Schwab and Etrade's outgoing transfer fee?
Schwab charged me $50 for a full transfer out to VG.
I complained using the customer service satisfaction guarantee.
They gave me the $50 back.

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Earl Lemongrab
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Re: best ways to move to Vanguard

Post by Earl Lemongrab » Sun Jan 13, 2019 1:56 pm

wije wrote:
Sun Jan 13, 2019 11:51 am
Earl Lemongrab wrote:
Sat Jan 12, 2019 2:52 pm
Not sure why you'd consider anything but in-kind.
Would I still have to pay Schwab and Etrade's outgoing transfer fee?
To me, it doesn't make much sense worrying about a $25 partial transfer fee when market volatility could be thousands of dollars (admittedly either direction).

Of course I never transfer anywhere that isn't a cash positive move for me.

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