I have signed up for the temporary services of a fee-based adviser with USAA. Now I'm torn between going w/her recommendation of 12 funds (some USAA some non-USAA) which would be held in a USAA brokerage, or just go to Vanguard and perhaps use their financial plan if they waive their fee. Or Fidelity, or T Rowe. Is the notion that I'll be better off an adviser (even with USAA's minimalist approach) a false one. I am someone who doesn't like to be active in picking allocations, funds or even re-balancing.
Haven't gotten a detailed plan for my taxable acct yet but my adviser has recommended for my retirement portion the following (the folks over at Bogleheads.org don't like it for a number of reasons, too many funds, cost structure and tax inefficiency)...
Traditional IRA
50% ishares russell small cap (IWM)
35% USAA intermed bond (USIBX) (0.65)
15% Dodge and Cox stock (DODGX) (0.52)
Roth
25% Vanguard Int'l Growth (VWIGX) (0.51)
25% Vanguard short-term invest grade bond (VFSTX) (0.21)
50% Dodge and Cox stock (DODGX) (0.52)
403b
50% Fidelity US small cap stock (FSLCX) (0.94)
50% Fidelity Int'l small cap stock (FSCOX) (1.25)
Haven't gotten a detailed plan for my taxable acct yet but my adviser has recommended for my retirement portion the following (the folks over at Bogleheads.org don't like it for a number of reasons, too many funds, cost structure and tax inefficiency)...
Traditional IRA
50% ishares russell small cap (IWM)
35% USAA intermed bond (USIBX) (0.65)
15% Dodge and Cox stock (DODGX) (0.52)
Roth
25% Vanguard Int'l Growth (VWIGX) (0.51)
25% Vanguard short-term invest grade bond (VFSTX) (0.21)
50% Dodge and Cox stock (DODGX) (0.52)
403b
50% Fidelity US small cap stock (FSLCX) (0.94)
50% Fidelity Int'l small cap stock (FSCOX) (1.25)