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Inherited IRA question..

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  • Avatar AltIncome319 
    Participant
    Status: Other Professional, Spouse
    Posts: 13
    Joined: 01/31/2019

    Recently moved an IRA BDA from a large firm to TD Ameritrade to save on AUM fees ( 1.35%). The larger firm had mainly Vanguard funds, which is great, but were very diversified in multiple bond funds, small, mid, small and large caps funds, multiple international funds, etc and they were all transferred over that way to the new account.

    I’d like to streamline this account now that its at TD Ameritrade to be closer to my 4 fund portfolio for my taxable account.

    If I sell some of these funds and then just by more of the ETF funds that will make my overall investments aligned, will that cause a taxable event?

    Thanks

     

    #240335 Reply
    Avatar Peds 
    Moderator
    Status: Physician
    Posts: 4452
    Joined: 01/08/2016

    no, same as any other IRA account or workplace plan.

    #240336 Reply
    Faithful Steward Faithful Steward 
    Participant
    Status: Financial Advisor, Small Business Owner
    Posts: 519
    Joined: 06/12/2017
    If I sell some of these funds and then just by more of the ETF funds that will make my overall investments aligned, will that cause a taxable event?

    Click to expand…

    No. Selling inside your inherited IRA is not a taxable event.

    Michael Peterson, CFP® | Faithful Steward Wealth Advisors
    https://ProsperousPhysician.com | (717) 496-0900

    #240439 Reply

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