would you do this?

[FLA]

I transferred my 403b that was already in Vanguard Index funds to Vanguard for lower fees when I stopped working. Because I transferred a relatively large amt, I get another free meeting with a CFP. He was incredibly helpful the last time. I really need help figuring out how to adjust to living on disability and figure out what I can take out from my IRA now or if I need to in the future and not touch the principal. I plan to not take out anything until age 62 but I don't know if I can live on such a low salary until then.

So when I called to set up the CFP session, the guy told me for 0.25%, my portfolio can be actively managed by Vanguard. I've always been conscious of fees when investing but this seems like such a small amt. My portfolio is listed in the thread about what stocks do you own. I own all index funds which begs the question, why do I need active management?

would you do it?

[Like2Plan]

No. I would not. But, did the advice you received from the first meeting cause you to drastically change your investment plan?

[disneysteve]

I own all index funds which begs the question, why do I need active management?

Exactly. I'm curious what Vanguard's answer to that question would be.

No, I wouldn't pay anyone to manage my money.

[feh]

Exactly. I'm curious what Vanguard's answer to that question would be.

No, I wouldn't pay anyone to manage my money.

+1

Vanguard's relatively inexpensive services can be helpful for somebody that is clueless about investing. But if you have a simple portfolio and are at least somewhat knowledgeable, you can do it yourself.

[FLA]

No. I would not. But, did the advice you received from the first meeting cause you to drastically change your investment plan?

we tweaked the percentages in the funds I had and he ran the numbers to show I could easily retire at 55, something I had never thought of. This was then confirmed by the 403B advisor I had at the time


I think my fear is I now need to make this money last 10 yrs longer and can no longer make contributions. Active management would ease my mind. but I have never felt the need to have it before. Plus, Vanguard is already very good at handling questions.

[scfr]

This new service is something that Vanguard is really pushing these days.

Would I personally do it? No. Our fund investments have been carefully thought out and are a good fit for us.

Would I recommend it for someone who came in to a large amount of money and did not have any knowledge about personal finance? Yes, I would.

Does it make sense for you? That depends. Are you happy with your current investments? Did you put a lot of thought in to planning them? Are you confident in your decisions and your ability to make wise decisions going forward? Have you been satisfied with the results?

A side note regarding the fees: According to this brochure (page 4) the fee is 0.30% unless you have $5M or more invested with Vanguard at which point it drops to 0.20% or less. https://personal.vanguard.com/pdf/vpabroc.pdf

Good luck.

[Jluke]

we tweaked the percentages in the funds I had and he ran the numbers to show I could easily retire at 55, something I had never thought of. This was then confirmed by the 403B advisor I had at the time

Is this the extent of the services that he will provide (rebalancing and running a retirement forecast) and wants to charge you for?

[LivingAlmostLarge]

No. How did he show you that you can retire at 55 versus what you believed? What was the difference? High returns? More draw down?