Like the title states, I am looking for some assistance after I recently transferred an inherited IRA to Vanguard. I am really new to all of this, but I knew that I wanted to get the money away from an investment firm that was charging high fee's and take advantage of Vanguards low expense ratios.
After performing the transfer to vanguard, I have 3 separate holdings:
Vanguard money market (settlement fund) : 1/3 of total
SGENX - First Eagle Global Fund Class A : 1/3 of total
EXHAX - Manning & Napier Pro Blend Maximum Term Series Class S : 1/3 of total
When the money was originally invested with the investment firm, some of this total was invested for a college fund for my child. (could this be what ended up in the money market?)
What I really want to know is how can I just consolidate most of this money into a Target Retirement fund? would I just sell the current holdings and buy the target fund with that money? what kind of fee's am I looking at if I sell the current mutual funds?
And how would you suggest using part of the money as a fund for college for a child who is currently 5 y/o?
I really appreciate any help you can provide here. If more info is needed I am happy to provide it.
Submitted March 06, 2017 at 02:58PM by InsertUsernameHere31 http://ift.tt/2mY8ubw
