Leaving TRP to Vanguard. Suggestions?

I’ve had accts at TRP and VG for decades. Very happy with both. However, TRP refuses to change my 2FA log in to something I prefer. [long story, don’t ask]

The amount is mid six digits so I want to get it right!

Should I open one fund at VG and move it all there?
[re-balance once there if needed?
Suggestions for balanced, low risk funds? [I have not chosen a fund in ages.]

  1. Should I call VG for advice? [I know, they are often hard to reach]

  2. Should I sell all my brokerage accts at TRP and move into their cash fund?

  3. Then at VG, use that TRP money fund as the source for my new VG acct?

To the experienced investor, these are amateur questions, but I have never done this before.

Is your money in retirement tax-deferred accounts, or regular non-retirement accounts, or both?

Thanks. Should have noted that. They are all brokerage accts. No retirements.

The cash fund at TRP is a “sweep” acct, Government Money Fund.

I think it’s the same as stuffing under a mattress.

Capital gains need to be factored into the advisability of selling the sale of brokerage funds. How much capital gains in your TRP brokerage funds?
Not sure how much input you desire but it would be helpful to have at least approximations for some of the following informaition: age, desired asset allocation, approximate portfolio size including spouse/partner if applicable, current funds in retirement and brokerage accounts (percentages of portfolio for each asset class).

Many thanks!

Cap gains: no matter what I do [or don’t do] TRP and VG will send my TY2023 gains for tax info. Right?

Age: 84 with serious health issues
asset allocation, about 30/70 stocks/bonds
portfolio size, TRP $400K, VG larger
widower, no partner
IRA’s: I used RMD’s to reduce TRP to 0, and VG now only $200K

First Q: should I sell all TRP and put into sweep fund—then use that fund as a source to buy VG?

Second Q: should I chose just one 30/70 fund at VG?

Sorry to hear about the health issues. Based on your age and health considerations, it might be best not to sell your T. Row Price funds due to the tax considerations.

The sale of stock and bond funds and cash in a brokerage are subject to a capital gains tax. Since you have long term funds, your stock funds will likely have significant unrealized capital gains and thus significant capital gains tax if you sell all of the stock funds. Your bond funds should have fewer capital gains listed and could potentially have capital losses depending on when you purchased the shares.
You can find how much the capital gains will be if you sell all of your funds at T. Rowe Price by signing in to your account, then selecting the taxes tab and then the unrealized tab. Under cost basis you will see listed for each of your funds the total unrealized gain/loss if you sell all your shares in that particular fund.

For someone following this thread who wants to limit capital gains can sell selected shares that have minimal capital gains or capital losses. One way to do that is to list your shares by the Specific Lot Identification method.

Yes. You will receive tax information on proceeds that you receive each year including capital gains and dividends. You can see that information by seletng the T. Row Price taxes tab selecting the realized tab.

Thanks, good to know. In the meantime, conversations with my son has kinda convinced me to leave TRP alone. One reason is the 11.5% YTD value increase.

Why mess with that. We researched the beneficiary section and it does not look too bad. Son has all the info. He agrees.

You may want to consider talking to someone at Fidelity. My experience with Fidelity has been very good. If you are near an office, you can have a face-to-face meeting. If not, they are easily reached via telephone. If you have a large enough balance, an adviser will be assigned to you that will help you manage your holdings.