Quote:
Originally Posted by retiredguy123
I would like to move my non-retirement Fidelity funds into Vanguard, but it cannot done without generating a huge tax liability.
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Sucks to be successful at investing isn't it? tough position for sure. ..
So you think that vanguard with better mgmt fee structure is more valuable than the downside of paying taxes? So how long in Vanguard fee mgmt savings will it take to offset the losses of the taxable event? I bet its not worth the transfer, until you have some other means of offsetting the gains with losses or able to generate a like for like non taxable swap. . .
If you insist, and you don't want to pay any more in taxes as in your current taxable bracket incremental percent, then only take out of Fidelity as much as you can without increasing your current tax bracket. You don't have to take it out all at once. . .
And paying taxes is a buy-product (pun intended) of being successful, whether its from investing or from increased salary from job hopping or from buying early in the villages . . . so do the analysis, and then fully commit to your shot, and the outcome is all about your abilities at execution
finance guy