Moving from Transamerica to Vanguard – But I have a question

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  • #86140 Reply
    Mallorie

      So when you roll a 401k, I know it’s not a taxable event but I guess I never realized that I’m still selling and buying new in the new account.

      All this time I thought it stayed in the same stocks, just different financial institution holding it. But then again I’ve never had to roll anything before!

      I quit my job in March and I have avoided doing it, but I need to get it done. Moving from Transamerica to Vanguard. Should I just open a new account at Transamerica instead. Or does it not really matter?

      #86141 Reply
      Amy

        You can rollover your funds “in kind” to keep the same funds at the new brokerage as long as the new brokerage offers those same funds.

        If your current TA funds have high expense ratios, you may want to sell anyway in order to move into funds with lower fees.

        #86142 Reply
        Lizzie

          Yes you’re buying new stocks. I’d go with vanguard or wherever you like to have power over your investments.

          #86143 Reply
          Ryan

            You can open an account anywhere you please. Most here would prefer Vanguard to TA.

            That said, make sure you do the rollover by the books. If you cash out then deposit you’ll have a mess on your hands. Vanguard should be able to help.

            Don’t miss: Has anyone had experience with Vanguard?

            #86144 Reply
            Charlotte

              TransAmerica has terrible fees. Roll it to Vangaurd and don’t look back.

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