advice pls: i’m already maxing out my 401k, roth IRA, and HSA. i have an emergency fund in a HYSA but still have some savings leftover that i’d like to throw in mutual/index funds. (i haven’t done the mega backdoor roth but am not planning to.) i already have accounts with fidelity and schwab for other stuff and am considering just using fidelity as my brokerage acct for mutual/index funds…but i think i want to invest in vanguard funds. (cont)

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… is there any reason i should open a vanguard account rather than just use my existing fidelity one? and yes i tried googling it but i’m still confused :(

thanks!!

Do you want mutual funds or ETFs? If ETF you can use vanguard. I would not pay $50 or $75 to buy a vanguard mutual fund at fidelity. If you want vanguard mutual funds open the account at vanguard

SA 1 I agree. I always point out the one thing to be careful about with the zero funds at fidelity. They can only be held at fidelity so I would not hold them in a taxable brokerage account. If you ever wanted to leave fidelity for any reason, you would have to sell them. You could not transfer them elsewhere. That could cause a taxable gain. I hold them in my ira and HSA

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Don't wait too long on mega backdoor if you want to do it. It may not be available next year.

It is not necessary at all, but if you have the ability to do it and can afford it, it is a great way to get more money into a Roth account. I can’t do it, so the potential law change does not affect me or many others, at least not now

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