DW and I early retired at age 62. We love retirement. Now 18 months later, I am reviewing investment accounts.
DW has IRA, I have IRA and Husband/wife have taxable account @ Schwab. Adult kids have taxable accounts @ Schwab. All accounts are managed by independent financial advisor since 2006. Independent financial advisor charges .75% assets under management. I hired financial advisor because he is DFA funds advisor. However, Vangard funds have performed as well as DFA funds. I did the math on all accounts which total mid six figures, annual % rate of return figures out to average of 2% per year using financial advisor. Researching Vanguard index funds and Schwab index funds I can do much better as a do it yourself investor using Schwab or Vanguard index funds or ETF's
I could leave investment accounts @ Schwab and buy their index funds or ETF's. I have read on other discussion boards, Bogleheads and Morningstar that Schwab is now competing head on with Vanguard for low cost index funds and ETF's
Schwab has an office 100 miles from my house. Vanguard would be phone/internet communication.
I have not talked with Vanguard or Schwab about me investing on my own. I think financial advisor contract needs to be cancelled.
I am asking ER board members their experience with Schwab and Vanguard. Also suggested questions to ask both Schwab and Vanguard. I would qualify for Vanguard Voyager Select.
Comments and opinions would be greatly appreciated.
Watertree
DW has IRA, I have IRA and Husband/wife have taxable account @ Schwab. Adult kids have taxable accounts @ Schwab. All accounts are managed by independent financial advisor since 2006. Independent financial advisor charges .75% assets under management. I hired financial advisor because he is DFA funds advisor. However, Vangard funds have performed as well as DFA funds. I did the math on all accounts which total mid six figures, annual % rate of return figures out to average of 2% per year using financial advisor. Researching Vanguard index funds and Schwab index funds I can do much better as a do it yourself investor using Schwab or Vanguard index funds or ETF's
I could leave investment accounts @ Schwab and buy their index funds or ETF's. I have read on other discussion boards, Bogleheads and Morningstar that Schwab is now competing head on with Vanguard for low cost index funds and ETF's
Schwab has an office 100 miles from my house. Vanguard would be phone/internet communication.
I have not talked with Vanguard or Schwab about me investing on my own. I think financial advisor contract needs to be cancelled.
I am asking ER board members their experience with Schwab and Vanguard. Also suggested questions to ask both Schwab and Vanguard. I would qualify for Vanguard Voyager Select.
Comments and opinions would be greatly appreciated.
Watertree