Hi there! I am 30 year old working in software engineering. I just bought a 1.4m dollar duplex in socal and I'm renting one side and living in the other. I used a VA loan (0 down) so I have very little equity other than the market gains for the last few months. I currently use vanguard financial services and they don't seem to be doing anything much different than what I was invested in before.
I have about 110k in a brokerage with them, where I am heavily leveraged in VTSAX (which was 75% of the account before I had them take over) other than that they sold some VIMAX shares (and kept some) and put me in a international fund and about 5% into a bond fund. I honestly feel like I could just leave it all in VTSAX at this point since its always outperformed any of my other funds.
I have another 85k in a bond fund for RE investing. I thought they should do something more aggressive but they think since I may want to access it anytime its best to leave it there. I feel like I am leaving money on the table here.
15k in a Roth also with vanguard which has somehow also made no money since I let them take over around a year ago.
I have about 180k in a principle 401k mostly allocated in T.Rowe Blue Chip and the 2060 fund. I just started a new job and will be maxing out my 401k at 26k a year with my employer match this month, it will also be with Principle.
I have a few other accounts here and there with "play" investments amounting about 10k.
Other than this I keep about 30k in my emergency fund at all times.
What is the general consensus here about vanguard and fidelity for financial advisors? They take a small fee compared to competitors but I'm not convinced its worth it. If you don't feel they are worth it is it worth it to go to any type of advisor?
Anyone want to offer a different strategy with the brokerage accounts and Roth? I am specifically interested in the 85k in the bond funds.
Vanguard has also tried to get me to roll over my first 401k into a Roth with them, they were very unclear on this process when they "explained" it. Obviously this is a pre- tax account going to a post tax acct, is that even allowed, how and when do you end up paying taxes on it? Are there fees when switching it over?
Thanks for reading and please feel free to offer any generic advice as well.
Submitted October 26, 2021 at 07:09AM by realtime2lose https://ift.tt/3GopaBF
