Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

112
Posts
74
Votes
Kyle Collette
  • Investor
  • Columbus, OH
74
Votes |
112
Posts

Moving from Financials Advisor to Vanguard - Tax question

Kyle Collette
  • Investor
  • Columbus, OH
Posted

Question for all the savvy investors with a little tax knowledge as well.

I have been looking to make the switch from my current investment portfolio into index funds. 

I was fortunate enough to start investing at a young age because of my parents, but I was more or less grandfathered in with a financial advisor for the last 8-10 years. Awesome guy and we have a great relationship, but I can’t jusitify staying with him and paying both a management fee as well as a fee per trade.

I currently have my Roth's IRA and my wife's Roth IRA with him as well as a much larger taxable account.

I want to make the move to vanguard with each of these accounts and was hoping for guidance on the best way to do so?

From my understanding, it should not be problematic to move the IRAs over as they are not subject to capital gains, correct?

However, for the taxable account, what would be my options to limit my tax basis (as well, how would I be able to calculate what my capital gains would be - is there a simple way to do so?)?

Any information or guidance is much appreciated!

Loading replies...