The Vanguard expenses are some of the lowest in the industry but if I converted my 401 and B fund combined they would take a considerable sum every year. The advantage to an IRA conversion is a larger selection of funds and easier withdrawals. I have started the paperwork to begin an annual distribution. I chose a set amount rather than a percentage. Vanguard moves the funds (after taxes are withheld) into one of my nonqualified Vanguard funds in January and then they will transfer a set amount every month to our local checking account. The people I talked with implied that if I reaccomplish the paperwork. I can change the amount. Guess we will see how that works out.