I know there are other threads on this topic so apologies if asked and answered elsewhere. I'm curious about the implications in my specific case for moving my money from my current Fidelity index funds to their new 'zero cost' funds.
I currently have about $90k in a Roth IRA at Fidelity, split between a total market index fund (FSTVX @ ER 0.015%) and an international index fund (FSGDX @ ER 0.06%). If I were to move these to the new FZROX and FZILX funds, all within the Fidelity account (making no withdrawal), would I need to pay any tax on these? Is this a good idea?
I know the expenses on my current funds are already very low, but I'm still 25-30 years from retirement, so it could make a difference. Would love to hear the opinions and advice of this forum.
Thanks!
I currently have about $90k in a Roth IRA at Fidelity, split between a total market index fund (FSTVX @ ER 0.015%) and an international index fund (FSGDX @ ER 0.06%). If I were to move these to the new FZROX and FZILX funds, all within the Fidelity account (making no withdrawal), would I need to pay any tax on these? Is this a good idea?
I know the expenses on my current funds are already very low, but I'm still 25-30 years from retirement, so it could make a difference. Would love to hear the opinions and advice of this forum.
Thanks!
Comment