Hi, I am just finding out about this message board and am learning a lot. I need some advice. I am 34 and have been with Ameriprise for the past 7 years. I have been reading posts on here about Ameriprise which made me dig deeper into our investments. My wife and I were suckered into the VUL and quickly figured out it was a total ripoff but now can't get out of it because of the surrender charges, which I was very unhappy about. I don't know too much about investing so we really rely on our advisor to guide us in doing what is best with our money. After reading all these posts though, I have a feeling that might not be the case. So my questions are...
Should I continue with Ameriprise since I am very unsure of how to do it on my own? I really would like to switch to Vanguard but am afraid I won't know what to do or how to invest. Is it possible to move my funds to Vanguard and just keep my Ameriprise advisor and have her advise me on the Vanguard investments? Since we don't have $500K of investments yet, it looks like there might not be many advisors that might want to take us on as clients. I just don't know what to do and I despise paying high fees if it doesn't make sense. Please help!!!
Should I continue with Ameriprise since I am very unsure of how to do it on my own? I really would like to switch to Vanguard but am afraid I won't know what to do or how to invest. Is it possible to move my funds to Vanguard and just keep my Ameriprise advisor and have her advise me on the Vanguard investments? Since we don't have $500K of investments yet, it looks like there might not be many advisors that might want to take us on as clients. I just don't know what to do and I despise paying high fees if it doesn't make sense. Please help!!!