My organization is transferring our 403B plan administrator from TIAA to Fidelity in March. Some of the funds I hold in the TIAA account will transfer to the same funds with Fidelity (as an "in-kind" transfer). These are:
$14k Dodge & Cox International Stock Fund - Class X (DOXFX)
$71k Vanguard Target Retirement 2055 Fund (VFFVX)
However, other funds I currently hold will change with the transfer. These will be out of the market from market close on 3/15/24 until 3/18, when they are transferred to the new investment options:
$12k Vanguard Total Bond Market Index Fund Institutional (VBTIX) --> Fidelity U.S. Bond Index Fund (FXNAX)
$13k Cohen & Steers Realty Shares (CSRSX) --> Cohen & Steers Institutional Realty Shares (CSRIX)
$15k Vanguard Extended Market Index Fund Institutional (VIEIX) --> Fidelity Extended Market Index Fund (FSMAX)
$19k TIAA-CREF Inflation-Linked Bond Fund - Institutional Class (TIILX) --> Vanguard Short-Term Inflation-Protected Securities Fund Inst (VTSPX)
I could probably consolidate these funds into 2 or 3 to simplify my life. Ignoring that for a minute, here are my questions:
1. Should I be concerned about these funds being out of the market for 3 days? I assume there's a chance that 3/15 could be a bad day, so they sell somewhat low, and then 3/18 might be a good day, so they re-buy high.
2. Should I change these 4 funds over to some that will have an "in-kind" transfer to avoid this risk? And if so, should I do this periodically from now until March, or in one fell swoop? Here are the funds transferring "in-kind":
American Funds EuroPacific GrowthRERGX
DFA International Small CompanyDFISX
Dodge & Cox International StockDOXFX
JPMorgan Core Bond Fund Class R6 JCBUX
JPMorgan Large Cap Growth FundJLGMX
Northern Small Cap Value Fund NOSGX
T. Rowe Price Equity Income FundREIPX
Vanguard Federal Money Market FundVMFXX
Plus all of the Vanguard Target Retirement funds
3. Am I just over-thinking this, and should I let the old funds transfer to the new on the pre-determined schedule?
Thank you for your thoughts!
$14k Dodge & Cox International Stock Fund - Class X (DOXFX)
$71k Vanguard Target Retirement 2055 Fund (VFFVX)
However, other funds I currently hold will change with the transfer. These will be out of the market from market close on 3/15/24 until 3/18, when they are transferred to the new investment options:
$12k Vanguard Total Bond Market Index Fund Institutional (VBTIX) --> Fidelity U.S. Bond Index Fund (FXNAX)
$13k Cohen & Steers Realty Shares (CSRSX) --> Cohen & Steers Institutional Realty Shares (CSRIX)
$15k Vanguard Extended Market Index Fund Institutional (VIEIX) --> Fidelity Extended Market Index Fund (FSMAX)
$19k TIAA-CREF Inflation-Linked Bond Fund - Institutional Class (TIILX) --> Vanguard Short-Term Inflation-Protected Securities Fund Inst (VTSPX)
I could probably consolidate these funds into 2 or 3 to simplify my life. Ignoring that for a minute, here are my questions:
1. Should I be concerned about these funds being out of the market for 3 days? I assume there's a chance that 3/15 could be a bad day, so they sell somewhat low, and then 3/18 might be a good day, so they re-buy high.
2. Should I change these 4 funds over to some that will have an "in-kind" transfer to avoid this risk? And if so, should I do this periodically from now until March, or in one fell swoop? Here are the funds transferring "in-kind":
American Funds EuroPacific GrowthRERGX
DFA International Small CompanyDFISX
Dodge & Cox International StockDOXFX
JPMorgan Core Bond Fund Class R6 JCBUX
JPMorgan Large Cap Growth FundJLGMX
Northern Small Cap Value Fund NOSGX
T. Rowe Price Equity Income FundREIPX
Vanguard Federal Money Market FundVMFXX
Plus all of the Vanguard Target Retirement funds
3. Am I just over-thinking this, and should I let the old funds transfer to the new on the pre-determined schedule?
Thank you for your thoughts!
Statistics: Posted by evergreen — Tue Feb 06, 2024 6:10 pm — Replies 0 — Views 80