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Posted on 7/14/15 at 4:22 pm to tiger91
quote:
So if you're say 45 and all of your money is in EJ cause you're pretty money knowledge poor but you KNOW you've needed to save and HAVE been saving since age 23, AND because, well, that's what your parents did, is it too late to change??? Concerned we've got too much to risk!
Why would it be too late? You still have a good 20 years to go before retirement. 20 (more) years of being hosed on fees is a long time.
Posted on 7/14/15 at 4:24 pm to Jag_Warrior
Because my husband is super cautious and takes FOREVER to make a decision of any kind when it comes to this much money. UGH.
Plus, honestly, how do you tell the person that you're transferring from?? We live in a small town and it's someone we see around.
Plus, honestly, how do you tell the person that you're transferring from?? We live in a small town and it's someone we see around.
Posted on 7/14/15 at 4:25 pm to tiger91
I'm not sure that risk is the issue as much as fees. It's not too late.
Multiply your entire portfolio by .0125
You probably paid at least that in fees last year from your portfolio.
Now multiply your portfolio by .0015
That's what you'll pay in fees to vanguard.
The difference gets to be substantial over the years. Think if you had saved/reinvested the difference every year.
Multiply your entire portfolio by .0125
You probably paid at least that in fees last year from your portfolio.
Now multiply your portfolio by .0015
That's what you'll pay in fees to vanguard.
The difference gets to be substantial over the years. Think if you had saved/reinvested the difference every year.
Posted on 7/14/15 at 4:26 pm to tiger91
Show them how much you're saving. Trust me. They know 
Posted on 7/14/15 at 4:28 pm to bayoubengals88
DAMN. OK so pretty sure my son is on TD and assuming he's here as well ... he's a smart kid ... maybe he can help me approach this.
The reason we did EJ honestly back in 1993 is I inherited "some" money from a great aunt and knew it had to go "somewhere". And that early on, we just did what our parents did. Live and learn. And pay the price.
Thanks.
The reason we did EJ honestly back in 1993 is I inherited "some" money from a great aunt and knew it had to go "somewhere". And that early on, we just did what our parents did. Live and learn. And pay the price.
Thanks.
Posted on 7/14/15 at 4:30 pm to tiger91
What you did was fine. Doing something is better than doing nothing. You can save money without a doubt, but can also lose money if not allocated properly.
Posted on 7/14/15 at 4:30 pm to tiger91
quote:Most people are under-informed as far as money and finances go, even people in the financial sector. That's not a good thing, but don't think you are alone in that boat by any means. Plus, that can be fixed with reading/learning.
45 and all of your money is in EJ cause you're pretty money knowledge poor
quote:This shows you're better off than most and not as money knowledge poor as you might think. Social Security and Medicare often aren't enough to take care of people in their old age, and the programs won't survive for too many more decades without sufficient reforms.
you KNOW you've needed to save and HAVE been saving since age 23
quote:I don't think it is ever really too late, short of your deathbed. Even changing advisors in retirement could save you money through less fees. Good financial advisors do exist, and they may be independent or part of a larger advisory company like Edward Jones and the like. But you have to do your homework: ask for their track record, see if their other clients are satisfied with their services, research them to see if they are okay. But the most important thing you must know before going with a financial advisor is: are their services worth what I will pay?
is it too late to change???
Posted on 7/14/15 at 4:38 pm to tiger91
quote:You don't necessarily have to see that advisor to transfer. You just fill out some paperwork and send it in to whoever you are transferring to along with a recent billing statement. No confrontation required.
how do you tell the person that you're transferring from??
Posted on 7/14/15 at 5:00 pm to Omada
Should I change my title to "Avoid Edward Jones - VANGUARD!!!!"
Posted on 7/14/15 at 5:05 pm to tiger91
quote:
Plus, honestly, how do you tell the person that you're transferring from?? We live in a small town and it's someone we see around.
Unless he's a family member, just remain polite and professional. It's an overused phrase, but in this case, it really is just business... it's not personal. If he's indeed a professional, that's exactly how he'll take your.decision. If he acts like a wounded puppy, then you'll know you made the right decision anyway.
Posted on 7/14/15 at 5:06 pm to rpg37
I thought about suggesting a title change haha
I'll add it to the sticky if you do.
I'll add it to the sticky if you do.
Posted on 7/14/15 at 5:08 pm to rpg37
quote:
Should I change my title to "Avoid Edward Jones - VANGUARD!!!!"
Considering this board's love of Vanguard, yes. Bogle has to be the patron saint of the Money Talk Board.Posted on 7/14/15 at 5:10 pm to Omada
OOPSY .. never even paid attention to that sticky!! Thanks!
And honestly, the last time I discussed Vanguard with my huband from waht my son told me (he's more informed than I am) husband said "hey that's what she was trying to get me to do"! lol (ie put it and leave it ... whatever it's called ... )
And honestly, the last time I discussed Vanguard with my huband from waht my son told me (he's more informed than I am) husband said "hey that's what she was trying to get me to do"! lol (ie put it and leave it ... whatever it's called ... )
This post was edited on 7/14/15 at 5:11 pm
Posted on 7/14/15 at 5:17 pm to tiger91
I can already see this conversation unfolding...
"You want us to move our entire retirement portfolio based on the suggestions of some guys on a sports forum???"
"You want us to move our entire retirement portfolio based on the suggestions of some guys on a sports forum???"
This post was edited on 7/14/15 at 5:17 pm
Posted on 7/14/15 at 5:22 pm to bayoubengals88
Hey ... I've told him many times about the useful stuff I've learned/read on the many boards of TD.com. lol
Like where the fish are biting ... a good turkey recipe for Thanksgiving ... a good idea for his birthday gift ... TRAFFIC info ... and dear Lord HURRICANE INFO!
We'll be watching the news and he'll comment on what was said and my reply is often "I read that a few days ago on TD.com".
Like where the fish are biting ... a good turkey recipe for Thanksgiving ... a good idea for his birthday gift ... TRAFFIC info ... and dear Lord HURRICANE INFO!
We'll be watching the news and he'll comment on what was said and my reply is often "I read that a few days ago on TD.com".
Posted on 7/14/15 at 5:23 pm to bayoubengals88
Well, I did call Vanguard today and asked them a lot of questions. People should use a place like this as information, but anyone with common sense should take it and educate themselves before making that move based on if it's in their best interest.
Posted on 7/14/15 at 5:23 pm to tiger91
So, what are you gonna do with it once you move it?
Posted on 7/15/15 at 7:58 am to rpg37
Posted on 7/15/15 at 8:49 am to bayoubengals88
Gotta pay for that Prius.
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