Yogi, I think this is saying what I said. I "rolled" a 401k to an IRA. Funds were not transferable. A "transfer" would be moving an account of the same kind to a different brokerage, example, IRA to IRA. In that case funds are transferable.
Am I wrong?
This is from what you linked:\
What is the difference between a transfer and a rollover?
A transfer refers to a movement of funds between two accounts of the same type. These transfers do not get reported to the IRS and, therefore, can occur as often as you would like. Learn about account consolidation.
On the other hand, a rollover is when you move funds from one eligible retirement plan to another account of a different type. An example of a rollover would be a former employer's 401(k) account into an IRA. These transfers may generate a 1099 tax form but are not taxable if both accounts are of the same tax status. For example, if you move a Traditional 401(k) into a Traditional IRA or a Roth 401(k) into a Roth IRA. Learn more about rollovers.

Fido core/settlement choices depend on whether taxable or retirement a/c. EASY to switch.
https://www.fidelity.com/trading/faqs-about-account#faq_about2

When I sell a holding or transfer money into Fido brokerage or retirement account, it goes into a 5% money market fund automatically; perhaps this was something I set up manually

My boring, bond-heavy portfolio is up 3.26% YTD, all ETFs or MFs. I like normalized interest rates.

@Low_Tech, that is really good for a bond heavy portfolio. I'm having a hard time finding bond funds returning anywhere near 3.2% YTD. It must be the "equity-light" side of your portfolio driving that YTD return (?)

Mike: What's driving it (those returning more than 3.26%) are CEFs GOF (10.45%), PDI (9.43%), Janus Balanced JABAX (4.3%) and SPY (5.5%) (all numbers are from M*). Those are four funds out of a total of eight.
My retirement portfolio AA is 38/62. FWIW, I'm more interested in income than market prices or total return. But I do check TR, usually only quarterly, but saw this thread and thought I'd check it.

Understand now?
MMM..maybe, congrats it's working for you, the more you or anyone else make the better.
On the other hand, many of us have different styles, risk tolerance and goals.
My main objectives were always to have an excellent risk/reward portfolio...and I did. What others do is their objectives. I'm OK with just beating the SP500 (although I only needed 6% annually) since retirement (6 years) with an extremely low SD < 3 and using just 2-3 bond funds instead of trading every week and holding over 30 positions (stocks, bonds, CDs). I didn't troll you in any way, but you did = old news. If my trading isn't good, how did I achieve the following(data)?
BTW, why bring up FSELX at all? Are you going to mention it any time someone posts about any fund?
Lastly, after years during 2015-17 that you claimed I would not retire and never make it, the reality is different, what a "surprise". I immigrated with nothing and retired after 23 years, and since retirement doubled my money.

Secure 2.0: Retirement Portability
Secure 2.0 requires retirement plan (401k/403b) portability for small accounts ($1-7K; limit adjusted) into another job's plan or Safe Harbor IRAs (also, Automatic Rollover IRAs). Plan balances under $1K can still be cashed out – those can be rolled over into IRA or spent (paying 10% penalty & taxes). PSN enables auto-portability for fees (5% of balance up to max $30) & its current members include Alight, Vanguard, Fidelity, Empower, TIAA, and Principal.
https://ybbpersonalfinance.proboards.com/thread/567/retirement-portability
Edit/Add: The entire legislation isn't new. But Secure 2.0 changed the limits and provisions that make auto-portability possible.

Feb. 10, '24: Another week, another gazillion dollars down the toilet in the federal budget...
Taking @hank's advice, at long last: added a bond ETF in taxable, FALN. The amount in there is still miniscule. My other bond funds are in the retirement side of things.
BHB got clobbered last week, but recovered quite a bit on Friday. BHB and ET are neck-and-neck to claim biggest spot in portfolio. 4.76 vs 4.74% of total.
Performance ytd: I rediscovered an email I sent to myself with end-of-2023 numbers. Today, the portfolio is down by just a fraction in 2024.
Volatility! Range-bound volatility! Disgusting! The next time PRNEX hints at an upward move, it will be liquidated and redeployed. Suck-hole fund, that has been.
*********
Super Bowl weather here: 78, sunny, light winds. But of course, the game starts just after lunch, here.

This ad-hoc feature returns this week with several related stories. LINK1 LINK2 BarronsLINK
FORSYTH is a fan of CEFs at discount. He now likes muni MYD, VFL, LEO; options-writing equity GDV, ECF, AOD, AGD; term-trusts FTHY, BSL.
FUNDS. Cash/cash-equivalents won’t be attractive for long. Consider extending maturities with ultra-, short- and intermediate- term bond funds (ICSH, MINT, JAAA; BSV; BND). Multisector bond funds (OSTIX, TSIAX), and dividend-stock funds (VYM, XLV).
FUNDS. Thematic AI-ETFs are hot now, but those may include all sorts of related techs: BOTZ, AIQ, TECB, IGPT, CHAT, etc. Be aware that tech ETFs QQQ, XLK, etc have related tech exposures; SP500 (IVV, VOO, SPY) is also heavy in techs.
Q&A/Interview. Alesia HAAS, Coinbase/COIN CFO. The US-based Coinbase has been very volatile. It ran up on the excitement related to the SEC approval of several physical/spot-Bitcoin ETFs (iShares IBIT, Fidelity FBTC, Grayscale GBTC, etc), but then sold off when investors became concerned that its new Bitcoin ETF custody business was a low-margin business that may hurt its retail business. COIN has diverse businesses – exchange, broker-dealer, custody; recent rate hikes helped with higher interest income. It has also increased its global presence. The legal fight with the SEC continues. These new Bitcoin ETFs will appeal to institutions, pension funds, RIAs. This will be a long-term positive for the industry, and for COIN, despite some short-term concerns. Congress needs to pass new crypto legislations, but it has been bogged down with other pressing matters.
RETIREMENT. Homeowners may tap home-equity loans (HELOCs). Typical rates are variable, now around 9.27%. Beware of teaser rates and conditions that may trigger credit line reduction or cancellation. Of course, it’s a loan that has to be repaid, so discipline is required.
Supplement GUIDE TO WEALTH
In this expensive market, consider DIVIDEND-paying stocks. Only funds are mentioned below, but several stocks are also included in the article.
US: VYM, SCHD
Consumer-Staples: XLP
Financials: XLF
MLPs: SMAPX
Real Estate: VNQ, XLRE
Utilities: XLU, UTG
Foreign: IEFA, IEMG
Cash-Equivalents: in limited amounts.
Variations of BENGEN’s (1994) 4% initial withdrawal with COLA are discussed. Bengen himself says that 4.7% w/COLA is fine now; some advisors say that 6% w/COLA but annual monitoring may work. Others say to skip COLA in down years. Another variation is to just take 4% of the yearend balances – it removes the SOR risk, but annual withdrawals may vary widely. Immediate-annuities transfer longevity risks to insurance companies for fees. Keep in mind that increasing RMDs are also required from T-IRA and 401k/403b; Roth Conversions will reduce the RMDs.

Alternatively, you could buy it directly on the London Exchange (PSH:GB). But not in a retirement account.
Fidelity charges £9 for the London Exchange transaction. At the current exchange rate of $1.26, that's around $11.35 - a lot cheaper than $50. Though I don't know what sort of stock price you'd get through each mechanism.
https://www.fidelity.com/stock-trading/faqs-international
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Brokerage_Commissions_Fee_Schedule.pdf
https://www.reddit.com/r/fidelityinvestments/comments/pjvwvg/why_fidelity_charges_5000_foreign_settlement_fee/

GQG Partners US Quality Dividend Income Investor Class. GQHPX. Hello, Rajiv Jain.
I see good things, upon examination. But the portfolio is super-dooper concentrated. Dividends, quarterly. So, we get cap gains opportunity and the income. This would be a replacement for BRUFX (T-IRA,) which has fallen down on the job. Not serving our purposes anymore.
The folks at Murklestar do have compliments for the firm. The fund is quite young, still. LOTS of portfolio turnover. Probably best in a retirement account?
https://www.morningstar.com/funds/xnas/gqhpx/quote

Feb 3 Episode:

We speak with Christine Benz, Morningstar’s personal finance guru, about the significant impact of higher yields on retirement planning. Benz discusses the potential benefits of adding a basic fixed immediate annuity to retirement plans, the importance of asset location for higher-yielding assets, and the advantages of investing in defined maturity bond funds. She also shares insights on the iShares I bond Term TIPS ETFs and the implications of higher interest rates on portfolio returns.

Explore This Episode - additional information and content related to this episode.
retirement-planning

"Portfolio" as opposed to "fund" in a name is often a signal that the vehicle is designed for annuities. Nevertheless, aside from their names, they are still referred to as "funds", as in "AMT Funds".
From the SAI: "Shares of the Funds are sold to insurance company separate accounts, so that the Funds may serve as investment options under variable life insurance policies and variable annuity contracts issued by insurance companies (each, a “variable contract”). Shares of the Funds are also offered to certain qualified pension and other retirement plans (each, a “qualified plan”)."
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/736913/000120677423000503/nb4183681_485bpos.htm
Here's the International Equity Portfolio fact sheet (Dec 2023), w/$34.8M AUM.
https://www.nb.com/handlers/documents.ashx?item_id=80aa402f-390a-4524-a1bf-e08863ea55ad&usg=AOvVaw2t510MsI7uum0NaGaTeGZq&opi=89978449
And a M* summary page from last June for the PutWrite Strategy Portfolio w/$39.69M AUM
https://www.pacificlife.com/public/portfolios_and_managers/portfolio_updates/msfs_neuberger_berman_absolute_return_multimanager.pdf
I'm sure one could find more recent data, but with both funds under $40M, does it really matter?

VPMAX is arguably Primecap's premier fund; I'd do it, especially in a retirement account (mixed in with the total market fund).

Stable-Value (SV) Rates, 2/1/24
TIAA Traditional Annuity (Accumulation) Rates
No changes
Restricted RC 6.25%, RA 6.00%
Flexible RCP 5.50%, SRA 5.25%, Newer IRAs 5.20%
TSP G Fund hasn't updated yet (previous monthly rate was 4.00%).
Edit/Add. February rate 4.125%
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/1335/thread

https://www.sec.gov/Archives/edgar/data/725781/000119312524020451/d615312d497.htm
SUPPLEMENT DATED JANUARY 31, 2024 TO THE CURRENT
SUMMARY AND STATUTORY PROSPECTUSES FOR:
Invesco Small Cap Value Fund
(the “Fund”)
This supplement amends the Summary and Statutory Prospectuses for the above referenced Fund and is in addition to any other supplement(s), unless otherwise specified. You should read this supplement in conjunction with the Summary and Statutory Prospectuses and retain it for future reference.
The Fund will close to new investors, other than in the circumstances outlined below, effective as of the open of business on April 1, 2024.
The following sentences are added to the front cover of the Summary Prospectus:
As of the open of business on April 1, 2024, the Fund will limit public sales of its shares to certain investors. Please see the ‘Other Information – Limited Fund Offering’ section of the Statutory Prospectus for further information.
The following sentence is added on the front cover of the Statutory Prospectus:
As of the open of business on April 1, 2024, the Fund will limit public sales of its shares to certain investors.
The following information is added under the heading “Other Information” of the Statutory Prospectus:
Limited Fund Offering
Effective as of the open of business on April 1, 2024, the Fund will close to all new investors, except in the limited circumstances described below. Investors should note that the Fund reserves the right to refuse any order that might disrupt the efficient management of the Fund.
Investors who were invested in the Fund before March 29, 2024, may continue to make additional purchases and exchanges in their accounts. During this limited offering, the Fund reserves the right, in its discretion, to accept purchases and exchanges: from certain investors which may include, among others, corporations, endowments, foundations and insurance companies; from registered investment advisor (RIA) or bank trust firms with eligible assets described above that launch a new offering platform or move assets from an existing platform to a new platform; and in other limited circumstances after a determination by the Adviser that such action is not detrimental to the Fund and its shareholders. The Fund reserves the right to change this policy at any time.
Any Employer Sponsored Retirement and Benefit Plan or its affiliated plans may continue to make additional purchases and exchanges of Fund shares and may add new accounts at the plan level that may purchase Fund shares if the Employer Sponsored Retirement and Benefit Plan or its affiliated plan had invested in the Fund before March 29, 2024. Existing RIA and bank trust firms that have an investment allocation to the Fund in a fee-based, wrap or advisory account, can continue to add new clients, purchase shares, and exchange into the Fund. The Fund will not be available to new RIA and bank trust firms. The Fund may also accept investments by 529 college savings plans managed by the Adviser during this limited offering.
The Fund may resume sale of shares to new investors on a future date if the Adviser determines it is appropriate.
VK-SCV-SUMSTAT-SUP 013124

@MikeM and @Mark: I'm an adherent of the CG ETFs, also. CGGR, CGGO, and CGDV in three different family accounts. I never owned American MFs, probably because of loads, altho I do have access to Washington Mutual in my retirement account. Capital Group seems to know how to select effective teams.
I like what Harbor Funds has done in the past in choosing outside managers for actively managed funds. With their ETF lineup, a Jennison Associates group runs WINN and a team of Europeans at CWorldWide Asset Management has OSEA. FWIIW, Harbor did not do well with MFs run by a single or star manager (such as Marsico). For ETFs following an index, it may be that a single person can handle the job.

Are the CG ETFs transparent or non-transparent ETFs? Only if you know off hand. TIA

https://www.sec.gov/Archives/edgar/data/1355064/000158064224000502/swbc_497.htm
MUTUAL FUND SERIES TRUST
AlphaCentric SWBC Municipal Opportunities Fund
Class A: MUNAX Class C: MUNCX Class I: MUNIX
(the “Fund”)
Supplement dated January 26, 2024 to the Prospectus, Summary Prospectus and Statement of Additional Information, each dated August 1, 2023.
______________________________________________________________________________
The Board of Trustees of Mutual Fund Series Trust has concluded that it is in the best interests of the Fund and its shareholders that the Fund cease operations. The Board has determined to close the Fund and redeem all outstanding shares on or about February 27, 2024 (“Liquidation Date”).
Effective immediately, the Fund will not accept any new investments and may no longer pursue its stated investment objective. The Fund will begin liquidating its portfolio and will invest in cash equivalents until all shares have been redeemed. Any capital gains will be distributed as soon as practicable to shareholders and reinvested in additional shares, unless you have previously requested payment in cash. Shares of the Fund are otherwise not available for purchase.
ANY SHAREHOLDERS WHO HAVE NOT REDEEMED OR EXCHANGED THEIR SHARES OF THE FUND PRIOR TO FEBRUARY 27, 2024 WILL HAVE THEIR SHARES AUTOMATICALLY REDEEMED AS OF THAT DATE, AND PROCEEDS WILL BE SENT TO THE ADDRESS OR ACCOUNT OF RECORD. If you have questions or need assistance, please contact the Fund at 1-844-223-8637.
IMPORTANT INFORMATION FOR RETIREMENT PLAN INVESTORS
If you are a retirement plan investor, you should consult your tax advisor regarding the consequences of a redemption of Fund shares. If you receive a distribution from an Individual Retirement Account or a Simplified Employee Pension (SEP) IRA, you must roll the proceeds into another Individual Retirement Account within sixty (60) days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year. If you receive a distribution from a 403(b)(7) Custodian Account (Tax-Sheltered account) or a Keogh Account, you must roll the distribution into a similar type of retirement plan within sixty (60) days in order to avoid disqualification of your plan and the severe tax consequences that it can bring. If you are the trustee of a Qualified Retirement Plan, you may reinvest the money in any way permitted by the plan and trust agreement.
You should read this Supplement in conjunction with the Prospectus, any Summary Prospectus and the Statement of Additional Information for the Fund, each dated August 1, 2023, as supplemented, which provide information that you should know about the Fund before investing. These documents are available upon request and without charge by calling the Fund toll-free at 1-844-223-8637 or by writing to 4221 North 203rd Street, Suite 100, Elkhorn, Nebraska 68022.
Please retain this Supplement for future reference.

My wife's retirement, my retirement and our non retirement accounts are all down about the same 0.5%
No NVDA

All good points but there are some rather peculiar tweaks I have found since my wife and I stopped getting paychecks. I get SS but not till the last of the month, and it generally is not enough to pay for big ticket items like estimated taxes, April trip to Africa, etc.
So for the first time I am taking money out of our investment accounts. With interest rates up so much, we are making a goodly amount on treasuries and MMF I use as our safe cash to avoid loosing a ton this early in retirement.
We like having a B+M local bank but it pays little on a checking account so I try to leave money in the MMF as long as possible. For the same reason I have not set up automatic seeps of the dividends and interest to our bank.
While it easy to move the money, Schwab requires you sell the MMF first, and it takes a couple of days to clear, so a fair amount of planning is involved. This to me is the major disadvantage to using Schwab.
To avoid always using our cash cushion for expenses, (as it is intended for DCA and increasing equities when they go on sale), I am selling some of our appreciated stocks, but trying to do so in a proportional manner.
Once my wife is on SS ( and I have to take RMDs) it will be a little more manageable.

You have to look at your total portfolio. A total 20% loss, is just 20% regardless of how you spin it. The bucket system adds complexity to an already complex retirement situation compared to accumulation. You can achieve the same goals by using several funds without all the moving parts. The bucket system isn't logical. It's just a way to trick your brain...or...if you don't have a real excuse = I sleep better at night.