Welcome to the forum!Gatto Bialetti wrote: ↑Thu Dec 17, 2020 8:42 pm First when logging in, and now in hardcopy they're mailing.
What can you tell me about this transition to their new investment platform? They say it's going to happen automatically anyway in 2022, maybe earlier. Should I care about this? I don't do any purchasing or selling anymore; my investments ride in my fairly conservative allocation, and we live on pensions and SS. So the platform, I would guess, doesn't really matter much in my case.
What's your take? Have you done this?
I debate this and over thought it for years. Finally I converted front he “old” mutual fund platform to the “new” brokerage fund platform. Then I also converted our mutual funds to ETFs (which is not required). In hindsight I am very happy and this is no big deal at all.
I called Vanguard multiple times during the process of the above. They said each time this would happen by 2022 to everyone directly or indirectly. They said they may simply stop offering certain features or limit functionality of the old platform. I am sure some will vote with their feet and leave and I guess Vanguard does not care.
What made the decision for me? Simple. If I go anywhere else I am opening ONE type of account - a brokerage. Which I had in the past. So who cares?
I did the above to set up our accounts a position for future if I ever decide to engage Vanguard’s advisor service - PAS.
Do it and get it done with.