We (both 41) moved to the UK last August. Fidelity sent me a notice a few months afterwards indicating they've placed a restriction on my account since I have a foreign address (it came from my employer updating info..). The original letter said I could only not buy mutual funds. However, it stopped me buying ETFs in my brokerage acct, so I called and they said the letter was incorrect.
Fast forward to today and I went to exchange funds in my rollover acct that I use to balance our overall asset allocation, and it won't let me exchange funds there either.
We currently have about 10% cash, 30% in Fidelity brokerage (100% VTI), 25% spouses 401K, and 35% in my Fidelity Rollover IRA (3 fund portfolio). I also have a Charles Schwab brokerage account that I funded with a small amount before moving as a back up. There's also some in our UK pensions, but ignoring that for now.
Our overall bond allocation has fallen to 5-6% and I want to get it up to 10-12%. Recommendations on most tax efficient and least headache way to do so? Move Fidelity Rollover IRA to Charles Schwab?
For what it's worth, we plan to be here at least 5 more years.
Fast forward to today and I went to exchange funds in my rollover acct that I use to balance our overall asset allocation, and it won't let me exchange funds there either.
We currently have about 10% cash, 30% in Fidelity brokerage (100% VTI), 25% spouses 401K, and 35% in my Fidelity Rollover IRA (3 fund portfolio). I also have a Charles Schwab brokerage account that I funded with a small amount before moving as a back up. There's also some in our UK pensions, but ignoring that for now.
Our overall bond allocation has fallen to 5-6% and I want to get it up to 10-12%. Recommendations on most tax efficient and least headache way to do so? Move Fidelity Rollover IRA to Charles Schwab?
For what it's worth, we plan to be here at least 5 more years.
Statistics: Posted by koch711 — Tue Mar 12, 2024 1:48 am — Replies 1 — Views 290
