Hi guys, a few months ago I put money into the Vanguard 2065 Target Date Retirement Fund. Been putting a little more in here and there. Read from all you helpful folk out there that it's better to do these set and forget mutual funds in a Roth IRA, instead of an individual brokerage account like I have currently. I realized my Roth 401(k) is already contributing to the 2065 fund too in my separate retirement account, so I figured I'd sell my VLXVX from the broker account, then open the Roth IRA and use the money I just got out to put into VTSAX or VFIAX (Vanguard mutual fund equivalent to VTI & VOO, respectively). Then here'd I'm comfortable with just contributing each week until..well forever. And then my broker just for messing around with stocks and ETFs for fun.
Question is though, if I'm requesting to sell an order of nearly 40 VLXVX shares, are people actively buying and selling it like stocks where my sell order will go complete? Would I be penalized in any way since it's a kind of retirement fund? I don't think so, but I know I'd be paying taxes on the capital gains from it, right? Is this even a good idea, perhaps I should just keep it where it's at?
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