No. of Recommendations: 0
I've just had a suprisingly pleasant experience in transferring an IRA account from one fund family to another. On 12/15/99 I decided I wanted out of the underperforming T. Rowe Price Equity Income Fund and that I wanted to move the IRA to Vanguard's 500 Index and Small Cap Index funds. I called Vanguard and asked them to send me the forms. The forms arrived in two days. On 12/23 I mailed the forms to Vanguard. On 12/30 the T.R. Price web site showed that the shares in Equity Income had been redeemed. On 12/31 the Vanguard web site showed the funds had been invested in the two funds I requested. I had heard that these types of transfers sometimes take many weeks to complete. In this case, despite the holidays and Y2K, the whole process took less than two weeks (one week was taken up by me filling out the forms). I have been dealing with both of these fund families for many years and both are class acts. Maybe I was just lucky this time but I think these two companies did a great job.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.