Sanbenito1
Recycles dryer sheets
- Joined
- Nov 8, 2013
- Messages
- 103
And I'm new to the forum and I came upon this great site about a year ago. I retired 11 days ago after having a 'come to Jesus' lecture by friends and family, the result of which was that I gave only 2 weeks retirement notice to my (very difficult boss). Although I still feel a bit guilty about the 2-week notice, decided that my loyalty to the job (I was an Assistant Director) was not worth any more nightmares or health issues. In addition to my military pension, I have plenty of saving in IRAs, mutual funds as well as steady income from a small rental cottage at the back of my property. I have about half of my IRA money with my former employer in a Vanguard account and the other half in an account with USAA. the USAA account is actively managed at 6-tenths of a percent and is in a balanced (50-50) portfolio. The Vanguard account is not actively managed and is in a 80% stock-20% bond mix. I can easily live off my pension and rental income and either not touch, or only touch 1-2% of my Vanguard/USAA savings (I also have emergency funds in cash, I-bonds and CDs). Am I foolish to pay USAA 6-tenths% to manage half of my total mutual fund savings? I am not particularly interested in spending a lot of brain-power on investing and like not having to worry/monitor my account. My though is that with half of my savings in a balanced, managed account at USAA that I can afford to be more aggressive with the un-managed (except for an annual re-balancing by me) account at Vanguard. Appreciate your thoughts on the matter!