there was nothing pre-existing at fidelity. all family member accounts had been consolidated at vanguard, including retirement. some institutional class shares, and admiral shares, were involved.
even though there was more than sufficient liquidity to initiate (e.g., money market funds), there was no sequence in which all custody could be transferred intact (no fund changes, no tax impact) to fidelity.
after the vanguard consolidation effort, there was also no interest in splitting holdings. so nothing moved.

Once Huge companies sponsored those ETFs, the space was legitimized and Congress lost any power they may have had to control the monster. Previously, only the rich and cool kids dabbled in this space. Soon cryptocurrencies will permeate many retirement accounts of those that are not self managed plus 401(k) accounts.
UNH paying ransom of $250m in cryptocurrency to a hacking group hardly made news this week.
There is a reason why hedge funds and Aby Johnsons do not mix personal morality and investing.

@bee I have ceased to be impressed.
"A trustee-to-trustee transfer is a transfer of assets from one retirement plan or account to another, facilitated by the two financial institutions involved in the transfer. It is the simplest way to transfer an IRA from one institution to another and does not trigger taxes. The transfer can be initiated by opening an IRA account at the new institution and contacting the original and new IRA providers to initiate the transfer."
Is this not the very thing that CAN'T be done, because going to cash is necessary with the Bruce shares?

In all our accounts, ie retirement and non retirement about 31% stocks, mostly US
YTD up 1.5% with almost all gains of course in Large Caps. Rotation to my Energy, International etc has stalled out

Stable-Value (SV) Rates, 3/1/24
TIAA Traditional Annuity (Accumulation) Rates
Big drops! TIAA Declaration Year 3/1 - 2/28
Restricted RC 5.50%, RA 5.25%
Flexible RCP 4.75%, SRA 4.50%, Newer IRAs 4.75%
TSP G Fund hasn't updated yet (previous 4.125%).
Edit/Add. March rate is 4.375%
Options outside of workplace retirement plans include m-mkt funds, bank m-mkt accounts (FDIC insured), T-Bills, short-term brokered CDs.
#StableValue #401k #403b #TIAA #TSP
https://ybbpersonalfinance.proboards.com/post/1372/thread

Hi guys!
Hope all is well with you and yours.
So, what a run since 23, no?
Finally, healthcare rises this year. Fido numbers say FSMEX 6.39%, FSPHX 5.49%. These funds I wanted to sell but they were so bad. So now they rise in a bad time....the election.....but this time, I hope it's different....lol. Bigger things to worry about.
All I hear about is AI. So tired of it, really. Have we nothing else but the 7? Really, I guess not since we're back to the 2020 election. Have we no one else??? Anyway, back to topic...have any of you kept your holdings in healthcare??? I know some sold. I understand that. I stand at 11% in the space, so I hope for a turn. It's something that I thought was core to hold to the end with the aging boomers and all. Saying that, does anyone know any retirement home REITs?
The Brown One on our walks is very pro health, saying, "You people will spend what it takes to stay alive." Yes, I said, it would stand to reason. No one wants someone to die. At that point, money is not important.
What the Dukester said next stunned me. "Would you spend money on me to save me to live longer, Pudd?" Being out in the cold and having 2 cups of coffee, I said, "Yes" right away. With a smile looking back at me, he said, "Now, tell me why healthcare is not core forever?"
I hate long cold walks in the morning with Brown. It tends to not end well. Drats! Drats! and double Drats!!!!
God bless
the Pudd

My overall is up around +2.3% YTD, slowly creeping up. Can't complain (but I will in the next paragraph :) ). Schwab says their 'moderately conservative' benchmark portfolio is up +1.3% YTD. Another bench mark I compare to is the TRP 45% equity retirement fund (TRRAX), up +1.9% YTD.
I'm going to give up totally on the Schwab Intelligent Portfolio, the robo. It has made 0% YTD after many years of lack luster return. At one time I split about 50:50 between the robo and self managed. I reduced the robo to ~15% by the end of 2023. It's high cash allowance, ~12%, makes fractions of a percent while the Schwab MM, which they don't use in the robo, has consistently made ~5%+ the past year. This cash allotment is an anchor. Also, it has consistently been heavy International and emerging markets which also hasn't worked out. I gave it time. I've had it for ~7 years and it hasn't performed any better than a target date fund. Worst in fact.

I think TIAA has a department that comes up with the most unintuitive & complicated ways of doing things.
CREF Stock goes back to 07/1952 & was the 1st VA in the US (world?). TIAA kept it as single class with ER that applied to all - tiny to giant institutions. Lots of small institutions were happy, but not the big ones.
So, TIAA changed CREF to multi-classes in 04/2015: R1 (highest ER), R2 (ER similar to the old single-class ER), R3 (lowest ER).
Soon after 2015, only CREF R1 displayed the history to 1952, a bad decision IMO. So, as your bold-text shows, the old history was later attached to CREF R3.
As you can imagine, all sorts of assumptions go into using old history data when ERs differ.
If all along, TIAA just attached the old history to R2, that would have been the simple & clean YBB solution.
However, since 2015, CREF R1 has been the highest ER class, R3 the lowest ER class. There have not been any changes to this. I don't know how long Lipper has had it backwards - my guess is since 04/2015. Somebody at Lipper should have notices the error as standard retirement fund practice is that R1 have the highest ERs, and higher numbered R3 or R6, etc have the lowest ERs.
Fixing this may not be the highest priority for Lipper that has gone through its many lives: LSEG-Refinitiv-Thomson-Reuters-LIPPER.
I don't bother with the newest CREF R4 as they are mostly through advisory channels.

Always interesting reading....

J.P. Morgan Guide to Retirement 2024
https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/retirement-insights/guide-to-retirement-us.pdf

This ad-hoc feature returns this week. LINK BarronsLINK
FUNDS. Use active funds to exploit the fire sale in HEALTHCARE stocks. MANY biotech stocks were selling below their cash on the balance sheets in 10/2023 and there has been a good rebound since with XBI +40% (still well below 2/2021 peak). Mentioned are BHCFX (37% SC/MC), JAGLX, PHSTX (value), PRHSX (all-caps with some risky bets), VGHCX (giant/biggest, so LC orientation). (By @LewisBraham at MFO)
ECONOMY. EVERYONE knows that BOGLE/ Vanguard started the first SP500 mutual fund. But who started the first US total market index? That was Wilshire 5000 (W5000) in 1974 by Dennis TITO/ Wilshire Associates (names after a CA blvd) and now several firms/indexers offer total stock market indexes. While a catchy “5000” has always been in the name, W5000 had 7,378 stocks in 1998, and only 3,392 in 01/2024. The number of US stocks has shrunk from M&A, LBOs, bankruptcies, and the new listings haven’t been enough. W5000 has gone through several hands and prefixes – FT-, DJ-, back to None-, and now again FT- (so, FT W5000). Vanguard was probably the 1st to offer a total stock market FUND in 1992 under a license from Wilshire Associates, but Vanguard has changed the underlying index several times – to MSCI, and now CRSP. Wilshire Associates also started the mutual fund WFIVX / WINDX in 02/1999 (current AUM $253.4 million only). Dennis Tito, 84, sold Wilshire Associates in 2021 to two private-equity firms (CEO a former FTSE executive Mark MAKEPEACE) and they spun off Wilshire Indexes to a group that includes themselves, Mark Makepeace, FT, Singapore Exchange. And obviously, Wilshire indexes have gone global. (By Allan SLOAN, an award-winning independent journalist)
Q&A/Interview. Suni HARFORD, President of Asset Management, UBS. She thrives on business challenges and financial crises. She thinks that the US stocks below the highflying mega-caps are fine. Russia-Ukraine war has been a huge setback for Europe. Asia has been dragged down by China that can turn on a dime, but Japan has been rallying. Many countries will have elections in 2024, so that should be a support for economies. Allocation 60-40 is making sense again, but she recommends carving out 20% for alternatives – real estate, private-equity, private-credit, etc. Interest rates are normalizing and aren’t high by historical standards. Customized direct indexing for separately managed accounts (SMAs) is in favor and is a big and growing business for UBS. The ESG is less popular in the US as there is lot of anti-ESG misinformation; even Texas has 30% from renewable energy now. But ESG is growing in Europe and Asia with new twists – nature-based solutions, blended investment-finance combo projects, etc. Women have come a long way in business and finance, but more are needed. This industry offers more flexible schedules but requires hard work and has good rewards. Her husband retired 12 years ago, and her UBS stint in 2017 was to be a short post-retirement job, but she may finally leave after the Credit Suisse integration.
RETIREMENT. Target-Date Funds (TDFs) were thought to be set-and-forget funds, but their short history has revealed some problems. The TDFs have adjusted by offering variations within each TDF 20XX as some wanted slightly more or less equity. So, instead of glide-path, we have glide-band. Many TDFs are passive, but several are active or with active-passive mix; some include both mutual funds and ETFs. Their bond sleeves have been stodgy, often with too much of TIPS, but some are now including HY, EMs, FR/BL, etc. (TDFs benefitted hugely from the laws that allow them to be the default options for 401k/403b/457 plan auto-signups and auto-escalations)

@Graust, remind me, where do I send the check?
All kidding aside, it's great to see that somebody gets it and took the time to (at least attempt to - we'll see) clarify! Yep, definitely NO intended bragging, WAY more about the somewhat unique strategy (for us at least) that worked!
For additional clarity...
We are in our 3rd, 5-yr Retirement Model Portfolio, so our strategy and holdings have changed significantly over our 12 years of retirement, mainly at the 5-yr intervals. (I've posted that a few times but some posters are still stuck on our first one!)
To wit, our (referenced) 5-yr, 5+% APY CD ladder is currently acting as two things:
(1) self-funded LT care bucket and
(2) ballast for our current, moderately(?) aggressive 85/15, stock/bond market portfolio. No dedicated bond funds for us at this point - bonds are only currently being held via PRWCX and FBALX.
I look forward to your post on the Mag 7 thread and intend to get back to it after the NVDA trade dust settles.
Hey, and thanks man!
EDIT: And if it means anything to anybody, on the Fido board (different handle, same photo!) I am relatively high in the all-important "Kudos Received' rankings and have received more Badges there than I know what to do with! I also stayed at a Holiday Inn Express, but sadly only once!

Just used Fido’s portfolio analyzer.
”The level of stock (equity) in your retirement accounts (38%) is generally not associated with someone your age, which may mean an inappropriate level of risk.”
Being alive is also generally not associated with someone my age. :)

Grrr ... they made me a ridiculous return once upon a time. In the late '90s I happened across as WSJ article that claimed something like "Japanese small companies are the most underappreciated, undervalued dynamos on the planet." Thinking something like "huh? who knew?" I moved a modest chunk of my retirement there. It doubled in the first year and nearly tripled in the second; being a bad momentum investor, I tended to take chips off the table every time the dang thing gained another 50%.
Since inception (1995), they're up nearly 50% on Fidelity Japan. They've turned $10k to $43k while FJPNX is up to $29k.

I just published "My Investment Picks For Retirees In 2024" on Seeking Alpha. An account is required, but it is free. The main point is about where assets should be located based on spending needs and tax characteristics. Funds with good long term performance are identified for Buckets/accounts.
https://seekingalpha.com/article/4671471-my-investment-picks-for-retirees-in-2024
The topics covered are:
Regrets and Life in Retirement
2024 Investment Environment
Financial Advisors
Tax Characteristics of Accounts
Bond Performance Following Rate Cuts
Yield Curve
Lipper Category Rotation
Investment Picks

@hank, Also Fidelity tool is very good to analyze your portfolio and % exposure to certain stocks, although not as neatly as those from M* portfolio X-ray analysis. T. Rowe Price used to make the M* too available to their investors, but now they only want those with $250K invested with them.
I also use the Fidelity tool for retirement planning analysis on several scenarios including expecting returns and inflation. We will do fine even at the worst scenario as long as we maintain our health. Glad to hear you are enjoying life.

The market concentrates around Mag 7 is concerning. Are we riding on a bubble or this time is really differs? Except for US, the economy across the globe is slowing including China.The past week UK and Japan are officially in recession. Is US the only bright spot?
This year we are reducing stocks to the low 40% and repositioning to bonds and cash. My past experience on alternatives has not so successful (and they are expensive to own) so I stay with short duration bonds and cash equivalents. As we are approaching retirement, we are staying risk adverse.
Perhaps this tread should move to “other investing” topic since the discussion is moving to that direction.

@Sven - I agree with most everything you said. Even with all the ALTS I have, I’m at 43% equity according to Fidelity’s analysis tool. So we’re pretty close together on that. Yes - it is very expensive to own ALTS. Mostly it’s due to interest paid on borrowings for short positions and sometimes for adding leverage. You definitely have to pay to play.
Retirement? I’ve blown right past that! Now reside in “Never-Never-Land”. :)
Good luck

The market concentrates around Mag 7 is concerning. Are we riding on a bubble or this time is really differs? Except for US, the economy across the globe is slowing including China.The past week UK and Japan are officially in recession. Is US the only bright spot?
This year we are reducing stocks to the low 40% and repositioning to bonds and cash. My past experience on alternatives has not so successful (and they are expensive to own) so I stay with short duration bonds and cash equivalents. As we are approaching retirement, we are staying risk adverse.
Perhaps this tread should move to “other investing” topic since the discussion is moving to that direction.

Good useful summary, although the example of worse case losses being 2% a year seems a bit optimistic. Averaged over 10 years it comes closer.
He doesn't mention the importance of the source of the withdrawals, ie taking money from bonds when stock market down etc.
Delaying the inflation adjustment also saves the suggested portfolio in several other examples ie "The All Weather Retirement Portfolio" by Randy Thurman.
One of the most complex discussions of allocations and withdrawal rates I have read is "Living Off Your Money" by Michael McClung. It has dozens of allocations and methods of withdrawal, almost too many. But they are all back tested with 40 to 50 years of data

The SOR risks are high during the decumulation phase. Much of the portfolio literature is on the accumulation phase or on point-to-point TR. There are also good related threads on ProBoards forums (BB, YBB)
https://www.morningstar.com/retirement/sequence-risk-during-retirement

Rollover is one of those terms that everyone uses differently. Here's an IRS page entitled "Rollovers of Retirement Plan and IRA Distributions".
https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-distributions
Obviously (from the title) the IRS considers everything a rollover, whether from/to a qualified plan or an IRA. It describes three types of rollovers:
1. Trustee-to-trustee transfer
2. Direct rollover (a check is issued payable to the new trustee)
3. Indirect (60 day) rollover
#3 does generate a 1099. You are not limited in the number of 60 day rolllovers you can do in a year from a qualified plan. But the employer will be required to withhold 20% for taxes.
You are also not limited in the number of 60 day rollover conversions (trad -> Roth). But you are limited to one IRA-to-IRA 60 day rollover (regardless of whether it is trad to trad or Roth to Roth).