Row 7844

Row ID: 7844 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 7844 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I have a Vanguard SIMPLE IRA from a previous employer which was opened like 10 years ago that I am trying to convert into a traditional IRA since Vanguard is divesting themselves from employer plans. The person I spoke with at Vanguard said I need to open a separate traditional IRA account (which I've done) and use the "Exchange (sell to buy) Vanguard Funds" tool which is listed under "Transact" on the SIMPLE IRA.

My question is whether this affects my taxes? The SIMPLE IRA is split over four different Vanguard funds. Do I need to individually sell the amount from one fund from the SIMPLE and put that exact amount into the same fund in the traditional (four times, once for each fund I currently have)? Can I sell all at once and reallocate them into different funds (like into a target date or VTI or something)? I'm just trying to stay the course with this account (I just don't want to have it automatically moved over to Ascensus) and don't want to get hit by a penalty or tax event that I wasn't expecting.

FieldValue
text I have a Vanguard SIMPLE IRA from a previous employer which was opened like 10 years ago that I am trying to convert into a traditional IRA since Vanguard is divesting themselves from employer plans. The person I spoke with at Vanguard said I need to open a separate traditional IRA account (which I've done) and use the "Exchange (sell to buy) Vanguard Funds" tool which is listed under "Transact" on the SIMPLE IRA. My question is whether this affects my taxes? The SIMPLE IRA is split over fo…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-17
username_encoded Z0FBQUFBQm5LakwzdnZlTld0SnVoMTdlOTZ3dXdJNDZ4WDVraEpfWE5NampxdkVaVDhsOE9ZTjJtWk5DU2pBSmExSzIzZENtQjN1bUJER3JCcEJKcE4xR21VT0ZNU290LWc9PQ==
url_encoded Z0FBQUFBQm5Lak9Idk5mWUNnaXdxSGNzVHd5NWxvZkVwcFExQXBCblpXUXZ4TEpYZVpLQ3RWZmhjMjJnUUZRaTZONExERXBEcnlFQVJlb0FTa25mZ2hVY0l0MEJzallwajhLMThTS3hLT0FjdWlaWlJ1T3l1cFNzQVZRaGI1Q3d5S3dmaXJVYjRzQUtaeEs3NFZiNzREXzd3ZktWdmVPSDkwU2RyRHpyemxrNEhzWkR4aDNqS09PM2hqaW4zUk5aSTFxUktYcjV2aEkwT2RRRVdSRlVpek0yWUpqMEVueTB5dz09

Raw Record

{
  "text": "I have a Vanguard SIMPLE IRA from a previous employer which was opened like 10 years ago that I am trying to convert into a traditional IRA since Vanguard is divesting themselves from employer plans. The person I spoke with at Vanguard said I need to open a separate traditional IRA account (which I've done) and use the \"Exchange (sell to buy) Vanguard Funds\" tool which is listed under \"Transact\" on the SIMPLE IRA. \n\n  \nMy question is whether this affects my taxes? The SIMPLE IRA is split over four different Vanguard funds. Do I need to individually sell the amount from one fund from the SIMPLE and put that exact amount into the same fund in the traditional (four times, once for each fund I currently have)? Can I sell all at once and reallocate them into different funds (like into a target date or VTI or something)? I'm just trying to stay the course with this account (I just don't want to have it automatically moved over to Ascensus) and don't want to get hit by a penalty or tax event that I wasn't expecting. ",
  "label": "r/investing",
  "dataType": "post",
  "communityName": "r/investing",
  "datetime": "2024-05-17",
  "username_encoded": "Z0FBQUFBQm5LakwzdnZlTld0SnVoMTdlOTZ3dXdJNDZ4WDVraEpfWE5NampxdkVaVDhsOE9ZTjJtWk5DU2pBSmExSzIzZENtQjN1bUJER3JCcEJKcE4xR21VT0ZNU290LWc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9Idk5mWUNnaXdxSGNzVHd5NWxvZkVwcFExQXBCblpXUXZ4TEpYZVpLQ3RWZmhjMjJnUUZRaTZONExERXBEcnlFQVJlb0FTa25mZ2hVY0l0MEJzallwajhLMThTS3hLT0FjdWlaWlJ1T3l1cFNzQVZRaGI1Q3d5S3dmaXJVYjRzQUtaeEs3NFZiNzREXzd3ZktWdmVPSDkwU2RyRHpyemxrNEhzWkR4aDNqS09PM2hqaW4zUk5aSTFxUktYcjV2aEkwT2RRRVdSRlVpek0yWUpqMEVueTB5dz09"
}
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