Rollover IRA

32 now and probably looking to retire around 55-60. I figured I would hear Vanguard funds.

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

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Yea, I wouldn't trust my $200K to the random opinion of the MB

At least not solely.

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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"?

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

Thx for the info. Better make that IRA grow before you get my address.

Slight spinoff, but can you give me some more info on the FA route?

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charge around 1.25 and 1.5 percent for 200k in assets

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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?

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

Don't get married. If you already are, better make sure ya ole lady doesn't get wind of the 200K...you're welcome.