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I certainly think your message should sound a warning for those who own mutual funds in self directed IRA accounts with brokerage firms. When you buy stocks in these accounts, I have never encountered any limit on what I can own. It is clear that the fees structure there is very standardized.

With mutual funds there are often problems. I suspect this means that the fee structures are negotiated between your broker and each mutual fund company. They prefer to liquidate shares rather than transfer them just to make sure what is in your account is within their contracts. Clearly it is very complicated.

So if your IRA account contains mutual fund shares, make sure you ask the receiving broker what happens--and maybe even get it in writing--before you attempt a transfer. Otherwise, you risk unexpected, hidden costs or at least frustrations getting it right.
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