Personal Finance and Investing

A HERETIC I AM

(24,815 posts)

9. Tax Qualified, as in an IRA, 401(k), 403(b), etc.

Tue Jun 20, 2017, 04:56 PM

Jun 2017

Unfortunately, your brother is stuck....sort of!

PRVAX has no redemption fee, so he would be able to move it at no cost to another fund in the T. Rowe Price family. He could also redeem his shares and invest it any way he sees fit, including buying individual North Carolina Muni bonds, if he so desired. Of course, there would be transaction fees/commissions buying into a new security, but he could search Vanguard or Fidelity or other no-load families for a NC specific bond fund.

Good luck!

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Redomiciliation of T. Rowe Price Virginia Municipal Bond Fund [View all] mahatmakanejeeves Jun 2017 OP

I have heard some things... Else You Are Mad Jun 2017 #1

Not nepotism. mahatmakanejeeves Jun 2017 #2

Ahh, should have read that before commenting. Nt. Else You Are Mad Jun 2017 #3

No problem. It's a lot of "party of the first part, notwithstanding Provision 14(a)" stuff. mahatmakanejeeves Jun 2017 #4

I don't see it as any problem, and the reasons for the move..... A HERETIC I AM Jun 2017 #5

"I trust you are a resident of Virginia?" mahatmakanejeeves Jun 2017 #6

The reason I ask, and you may aware of this already... A HERETIC I AM Jun 2017 #7

"qualified account" I'm drawing a blank right now. mahatmakanejeeves Jun 2017 #8

Tax Qualified, as in an IRA, 401(k), 403(b), etc. A HERETIC I AM Jun 2017 #9

Oh, of course. No, it's in mahatmakanejeeves Jun 2017 #10

Being a Maryland corporation, as opposed to being a Massachusetts Business Trust, mahatmakanejeeves Jun 2017 #11