I would still be paying fees were I to shift my IRA accounts to a mutual fund. In addition, such a move would increase my Federal and State income tax liability.Yes, and No. Yes, you would still be paying fees, just lower ones. And no, such a move -- best done by a custodian-to-custodian transfer --would have no effect on your tax situation. (For the custodian-to-custodian transfer, contact Vanguard, not the current custodian.)Eliminate "wrap fees" completely.Vanguard has fees on their mutual funds. If these are the fees that concern you, Vanguard has very low fees -- sometimes the lowest in the business.Other fees they have can often be eliminated by agreeing to receive information (statements, etc.) electronically rather than through snail mail.culcha
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