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Old 02-17-2014, 05:33 PM   #21
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I am confident I can be my own financial using index mutual funds or ETF's with Total Stock Market, International stock fund bond funds.

Do you have any recommended index mutual funds or EFF's?

Thanks! Watertree

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Old 02-17-2014, 05:35 PM   #22
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Originally Posted by Watertree View Post
Planning to contact both Vanguard and Schwab. A major part of my decision making process is how well I communicate with Vanguard on an over the phone/internet basis. It sounds like their is a bit of the luck of the draw on the Vanguard rep I would be talking with, same with Schwab

There is some luck of the draw involved. Even if you like whoever you talk with at Vanguard or Schwab, they will probably change at some frequency. And it will depend on your level of assets (may be a downside to splitting $ among several providers), here are the Vanguard levels and associated services

With Fidelity and Schwab I rarely talked to the same rep twice. With Vanguard I have more assets and an assigned rep - but that changes every few years, and he rarely has answers to questions without 'getting back to me.' So I never call, I email to avoid the 'getting back to me' step.

When all is said and done all three can provide decent basic advice, but nothing exotic usually.

No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 02-17-2014, 06:04 PM   #23
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Originally Posted by Fean View Post
1) I want a backup in case something drastic happens. For example, if someone manages to get unauthorized access to one of my accounts, I want resources available to me from another company while I deal with the situation at the first company. Yes, I know I'm paranoid. Very very paranoid...
I think this is a wise move considering the ease with which criminals can not only penetrate computer systems, but then hang around collecting data for weeks and in some cases months before they are detected.
The worst decisions are usually made in times of anger and impatience.
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Old 02-17-2014, 08:31 PM   #24
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I've been using both Vanguard and Schwab for many years. I've had no problems with either one of them. Actually, they've been quite helpful answering my questions even if they do need get back to me with the answers.
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Old 02-17-2014, 08:46 PM   #25
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Either company has been very good, and I've had accounts at both. I consolidated to Vanguard for simplicity and because I have no interest in an adviser. You could probably do just fine with either, or both.
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Old 02-17-2014, 10:19 PM   #26
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I enjoy these comments about Schwab and Vanguard. Briefly was in Schwab, brick and mortar not far from house, but then switched to Vanguard. As previous commenters stated, was and am happy with both.

I like the idea though of being able to go and talk to Schwab face to face.

Also the idea of not having all my money in one place for fraud protection as a previous commenter mentioned.

Can I buy Vanguard index funds through Schwab and is so, is there an extra layer of cost?
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Old 02-18-2014, 07:34 AM   #27
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Originally Posted by mikefixac View Post
Can I buy Vanguard index funds through Schwab and is so, is there an extra layer of cost?
Yes, and yes. Schwab charges a $79 transaction fee for Vanguard funds. This is why I use the corresponding Vanguard ETFs in my Schwab accounts, which have an $8.95 transaction fee.

Overall, I've been very happy with Schwab since the early 1990s. I've been considering moving to Vanguard for years, but I never seem to get around to it. The biggest thing that keeps me at Schwab is the linked bank account with its easy online billpay service.

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