Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Opinions of free consultation and financial plan offered by Vanguard Flagship
Old 06-07-2008, 08:10 PM   #1
Confused about dryer sheets
 
Join Date: Jun 2008
Posts: 4
Opinions of free consultation and financial plan offered by Vanguard Flagship

Hi all,

I was wondering if anyone had tried the free consultation with a Certified Financial Planner and/or the free Vanguard Financial Plan that Vanguard offers to Flagship customers.

I know the board generally is not a fan of financial planners since we can do it well ourselves, but I thought I would ask. I am hoping it would be better than the average CFP since it is Vanguard and that it would not be a waste of time.

Thanks!
- NatureNut
__________________

__________________
NatureNut is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-07-2008, 08:25 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,015
I've gone thru the process 2 times and found it valuable to double check my own assumptions. I've been happy with the results both times; you fill out a questionnaire, VG prepares a proposed plan and you schedule a time to meet on the phone with the VG CFP. They set aside an hour or so for your consultation, but you're not rushed. If you have further questions or wish to go another direction, they'll adjust the plan and you can talk again.

Bear in mind that although they are CFPs, the products they'll be recommending are Vanguard's.

BTW, welcome to the Board.
__________________

__________________
Achiever51 is offline   Reply With Quote
Old 06-07-2008, 08:32 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,627
If you use the Search function you will find more opinions. Also search at the Diehards forum: Bogleheads Investing Advice and Info. Search terms to use are "cookie cutter" and "Vanguard plan" as in: "Vanguard plan" site:www.diehards.org - Google Search
__________________
LOL! is offline   Reply With Quote
Old 06-07-2008, 09:17 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
I haven't used Vanguard, but have used Fidelity. I was impressed with the information they gave me. I'm always open to (free) options, and I think it's worth a shot.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 06-07-2008, 09:59 PM   #5
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,146
I've done it a couple of times and it was just fine. It's free, why don't you try it, at least it gets you thinking, and the advice is just what it is - advice - no commitments necessary
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 06-08-2008, 06:14 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
We have not used VG... but used the services where DW works. He made a couple of comments that were helpful... but nothing earth shattering.

Where the planner and I had a difference of opinion was using indexed funds versus actively managed funds. He felt we could do better than the index. He cited a couple of examples. Of course I cited a few alternative examples.

I found that the advice is fairly generic. If you believe in modern portfolio theory and efficient markets... you will agree with the general advice (provided they are not trying to sell you something).
__________________
chinaco is offline   Reply With Quote
Old 06-08-2008, 07:15 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 5,201
I did it once and will do it again. As others said, it's a sanity check on your portfolio. The guy made suggestions that made sense to me, and didn't push anything. I expected at the end he'd be asking if he could connect me to someone to make the proposed changes, and he didn't. He also listened to my questions and answered them very well.
__________________
RunningBum is offline   Reply With Quote
Old 06-08-2008, 10:05 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,037
I used it twice and they've been very helpful . Answered all my questions and made a few good suggestions .
__________________
Moemg is offline   Reply With Quote
Old 06-08-2008, 09:42 PM   #9
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
I would (and probably will) definitely use it. We will roll over our 401(k) to Vanguard on retirement. Right now we have 12 funds to choose from, all Vanguard or Fidelity, and we have a very conservative AA right now partly as a result. We will appreciate the discussion and advice but will not feel obliged to follow recommendations.
__________________
Bestwifeever is offline   Reply With Quote
Old 06-10-2008, 12:47 PM   #10
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,677
Good sanity check but focuses on asset allocation. They give you a sustainable withdrawal number too.

They do not give you any input into other important aspects of a financial plan - estate planning, insurance needs, tax planning etc.

If you set your expectations accordingly, you'll probably be happy with the report.
__________________
walkinwood is offline   Reply With Quote
Old 06-14-2008, 11:20 PM   #11
Confused about dryer sheets
 
Join Date: Jun 2008
Posts: 4
Thanks for the info everyone!
__________________

__________________
NatureNut is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Vanguard Free "Financial Plan" - Another Story tomz FIRE and Money 7 03-01-2007 10:25 PM
Free Vanguard Plan - Opinions? Jeb-NY FIRE and Money 2 12-21-2006 04:17 PM
Vanguard Financial Plan AlmostDone FIRE and Money 15 10-15-2006 10:49 AM
Comments on Vanguard Financial Plan TromboneAl FIRE and Money 29 08-07-2006 09:51 PM
My Vanguard Financial Plan Results km4hr FIRE and Money 19 01-28-2006 01:35 PM

 

 
All times are GMT -6. The time now is 09:24 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.