I recently moved my Roth and taxable brokerage account from northwestern mutual to Fidelity. Got tired of the yearly fees and high expense ratios. Just learned that even though I’m done contributing to the funds from NWM, I still pay the expense ratio on those every year. These funds ratios range from 0.60% up to 1%. I want to sell those funds and take the money and move them to the funds I choose with fidelity (much cheaper at 0.03%). For Roth that was easy as it didn’t trigger a taxable event.
The problem now is how do I be as tax efficient and not have a huge tax bill. My NWM funds make up 88% of the account currently. I want to sell those funds and reallocate it to many current funds of ITOT and IXUS. Does anyone know what’s the best way to go about selling them? Do I just not and pay the high expense ratio every year? Sell a portion each year? I just want to be as tax efficient as possible!