yakers
Thinks s/he gets paid by the post
My wife and I both have Roth IRAs that have been invested in the VG Asset Allocation Fund (VAAPX) for about 10 years. VG has decided to discontinue this fund and merge it into VBINX, a balanced index fund with a 60% stock/40%bond allocation. This is a shift from active to passive management and will have lower costs. What I am trying to figure out is whether to just go with the proposed merger or convert the fund to VG Wellesley (VWINX) or Wellington (VWIAX) or some other VG fund.
Our intention with these IRAs is that they will be our 'legacy' to our two boys, but it is also an emergency fund source if our other investments prove inadequate. The legacy provisions are why we are holding two accounts with the same funds in the same amounts.
While I tend to be a fan of index funds (my 401k type fund (TSP) is index invested) my wife has done pretty well with a 65% Wellesley/35%Star (VGSTX) portfolio in her IRA. Low fees and good management seem to be effective.
So looking for suggestions about which fund to use.
I'll try this over at Bogleheads too but they frequently give long, rambling and sometimes less useful advice.
Our intention with these IRAs is that they will be our 'legacy' to our two boys, but it is also an emergency fund source if our other investments prove inadequate. The legacy provisions are why we are holding two accounts with the same funds in the same amounts.
While I tend to be a fan of index funds (my 401k type fund (TSP) is index invested) my wife has done pretty well with a 65% Wellesley/35%Star (VGSTX) portfolio in her IRA. Low fees and good management seem to be effective.
So looking for suggestions about which fund to use.
I'll try this over at Bogleheads too but they frequently give long, rambling and sometimes less useful advice.