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Rollover IRA
Posted on 6/12/14 at 9:54 am
Posted on 6/12/14 at 9:54 am
Switching companies and I am going to take my 401k and roll it over to an IRA. Roughly 200k. What are some funds and or stocks that y'all recommend.
Posted on 6/12/14 at 10:10 am to rednecksouthpaw
How many years are you from retirement? How aggressive or conservative do you need to be right now?
I personally like vanguard funds, but that's probably just the simpleton investor answer.
I personally like vanguard funds, but that's probably just the simpleton investor answer.
Posted on 6/12/14 at 10:19 am to kennypowers816
32 now and probably looking to retire around 55-60. I figured I would hear Vanguard funds.
Posted on 6/12/14 at 11:51 am to rednecksouthpaw
quote:
I figured I would hear Vanguard funds.
You will.
Posted on 6/12/14 at 12:11 pm to Janky
With over 200k I would say go to a couple advisors and see what they say. May come up with ideas you haven't thought about
Posted on 6/12/14 at 12:20 pm to roguetiger15
quote:
With over 200k I would say go to a couple advisors and see what they say. May come up with ideas you haven't thought about
Yea, I wouldn't trust my $200K to the random opinion of the MB
At least not solely.
Posted on 6/12/14 at 1:32 pm to GoCrazyAuburn
quote:
Yea, I wouldn't trust my $200K to the random opinion of the MB
At least not solely.
So what's your threshold for finding a financial advisor?
No offense at all the the OP (he's 32 and seemingly doing very well), but I personally dont know if 200k is enough for me to want find a financial advisor. But I really am curious, what is the "threshold"?
Posted on 6/12/14 at 1:36 pm to kennypowers816
quote:
No offense at all the the OP (he's 32 and seemingly doing very well), but I personally dont know if 200k is enough for me to want find a financial advisor. But I really am curious, what is the "threshold"?
I don't think there is a threshold. I think everyone should have an adviser they use, even if he just manages your insurance. Now, whether or not that is fee based or not is a different story.
Posted on 6/12/14 at 2:19 pm to GoCrazyAuburn
Fee based advisors will charge around 1.25 and 1.5 percent for 200k in assets. That fee will determine to you personally if it's worth it. As a FA myself I would say just to go to a couple and see what they say. No FA will charge you for a second opinion so it's a win win. Of course right now times are good so it's harder to justify using one but what I try to reiterate to clients and prospects is that where we show our value the most is setting portfolios up moving forward and not just for now. For instance in equities you want to be a little more invested in mid cap value funds/companies bc moving forward that's where you'll most likely see better returns. Historically those companies lead the way out of a recession. Another example is where to position yourself for when interest rates start rising.
Another thing I'll say is if you are a buy and hold index fund guy, having an advisor may not be AS important and valuable to you but I would still consult with a few just for added knowledge going forward. Good luck
Another thing I'll say is if you are a buy and hold index fund guy, having an advisor may not be AS important and valuable to you but I would still consult with a few just for added knowledge going forward. Good luck
This post was edited on 6/12/14 at 2:24 pm
Posted on 6/12/14 at 2:23 pm to roguetiger15
I am also an FA and I second ^. Good info rouge
Posted on 6/12/14 at 2:33 pm to Shepherd88
Now what's your address so I can send you an invoice
Posted on 6/12/14 at 2:44 pm to roguetiger15
Thx for the info. Better make that IRA grow before you get my address.
Posted on 6/12/14 at 3:05 pm to roguetiger15
Slight spinoff, but can you give me some more info on the FA route?
Assets? Is that total assets, net assets, current brokerage account balances?
For example - let's assume:
100k in retirement account(s)
75k in brokerage account
75k equity in primary residence (300k home)
75k equity in rental property (150k property)
What are you calculating that 1.25-1.5% on?
Also, this may be dumb, but how often is this fee charged? Per consultation? Annually? One-time?
quote:
charge around 1.25 and 1.5 percent for 200k in assets
Assets? Is that total assets, net assets, current brokerage account balances?
For example - let's assume:
100k in retirement account(s)
75k in brokerage account
75k equity in primary residence (300k home)
75k equity in rental property (150k property)
What are you calculating that 1.25-1.5% on?
Also, this may be dumb, but how often is this fee charged? Per consultation? Annually? One-time?
Posted on 6/12/14 at 3:10 pm to kennypowers816
Each firm typically has a fee schedule of it's own but 1.25%-1.5% is a pretty typical rule of thumb. Those assets would be based on how much you have in house with that firm. I.E. you have 250k with the firm and 200k equity in home, the equity in the home don't count!
Each firm charges the fee differently, mine charges monthly and in arrears. Some charge quarterly and forward.
Each firm charges the fee differently, mine charges monthly and in arrears. Some charge quarterly and forward.
Posted on 6/12/14 at 3:13 pm to kennypowers816
It's an annual fee based on assets under the advisors management, that's held in a fee based account. So basically the dollar amount in all accounts held under that advisors or advisory team's number
Remember you can also have your assets in a commission based account as well if you want. Most clients and FA's are going to the fee based model
One good thing is the amount paid in fees can be in turn deducted on your taxes if it is not a retirement account.
We debit the account quarterly
Remember you can also have your assets in a commission based account as well if you want. Most clients and FA's are going to the fee based model
One good thing is the amount paid in fees can be in turn deducted on your taxes if it is not a retirement account.
We debit the account quarterly
This post was edited on 6/12/14 at 3:14 pm
Posted on 6/12/14 at 3:19 pm to roguetiger15
Thanks for the good info
Posted on 6/12/14 at 4:24 pm to rednecksouthpaw
Don't get married. If you already are, better make sure ya ole lady doesn't get wind of the 200K...you're welcome.
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