Happy NY Bogleheads.
Looking at doing our backdoor Roth contributions. Originally thought I could accomplish this all at Vanguard, then transfer the assets to our Roth accounts at ME, but if I am reading it correctly Vanguard will assess a $100 fee for full account transfers. Are retirement accounts exempt?
Will completing a full ACAT for our Roth accounts from Vanguard to ME automatically trigger this fee b/c Vanguard will consider it an account closure?
I know I can have/maintain Roth accounts at various institutions, but I want keep them consolidated for simplicity.
Looking at doing our backdoor Roth contributions. Originally thought I could accomplish this all at Vanguard, then transfer the assets to our Roth accounts at ME, but if I am reading it correctly Vanguard will assess a $100 fee for full account transfers. Are retirement accounts exempt?
Will completing a full ACAT for our Roth accounts from Vanguard to ME automatically trigger this fee b/c Vanguard will consider it an account closure?
I know I can have/maintain Roth accounts at various institutions, but I want keep them consolidated for simplicity.
Statistics: Posted by bbrock — Thu Jan 02, 2025 1:20 pm — Replies 8 — Views 167