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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.

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