Brook2
Recycles dryer sheets
Are these the proper steps to transfer Vanguard SEP (with CDs) to Fidelity?
Tell me if my steps are correct in moving assets of my VG Sep Ira to Fidelity Sep Ira.
Inside the VG brokerage Sep account I have:
-1 Mutual fund (Let's call it "Fund A")
-Money Market fund,
-Settlement fund and
-multiple CDs due in 1-3 years.
Step 1: cash out the Mutual "fund A," and put cash in the Money Market fund (in order to easily move it to Fidelity.)
Step 2: Move all that Money Market cash to Fidelity (except for the $3,000 VG requires minimum to keep it open). I will use the transferred cash to buy new funds I like at Fidelity.
Then:
Step 3: Wait until all my CDs come due (1-3 years) and are deposited into my VG settlement fund.
Step 4: Once all CD assets are in settlement fund, move settlement fund into my VG Money Market Fund. (I assume I can't transfer anything from a settlement fund directly to Fidelity)
Step 5: Transfer all VG Money market assets to Fidelity, and close VG MM.
Step 6: Close complete VG brokerage account.
Tell me if my steps are correct in moving assets of my VG Sep Ira to Fidelity Sep Ira.
Inside the VG brokerage Sep account I have:
-1 Mutual fund (Let's call it "Fund A")
-Money Market fund,
-Settlement fund and
-multiple CDs due in 1-3 years.
Step 1: cash out the Mutual "fund A," and put cash in the Money Market fund (in order to easily move it to Fidelity.)
Step 2: Move all that Money Market cash to Fidelity (except for the $3,000 VG requires minimum to keep it open). I will use the transferred cash to buy new funds I like at Fidelity.
Then:
Step 3: Wait until all my CDs come due (1-3 years) and are deposited into my VG settlement fund.
Step 4: Once all CD assets are in settlement fund, move settlement fund into my VG Money Market Fund. (I assume I can't transfer anything from a settlement fund directly to Fidelity)
Step 5: Transfer all VG Money market assets to Fidelity, and close VG MM.
Step 6: Close complete VG brokerage account.
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