|
10-27-2021, 02:54 PM
|
#1
|
Dryer sheet aficionado
Join Date: May 2021
Posts: 33
|
Consolidation question?
62, approximately year out from retirement. Thanks to knowledge gleamed here in last year have put together a pretty comprehensive spreadsheet of investments and now know my allocation is 75/25. I see now I’m a little all over place and want to consolidate to simplify. Have Roth IRAs at VG, 401K with AIG, annuity at Talcott / Hartford, and taxable investments at Steifel. Inherited the Steifel money & have mostly left it there. It’s about 45% of my investments. Funny I don’t find anything on Steifel when I search here. Leaning towards Schawb or Fido, though could leave VG alone since DWs IRAs are there also. Interested as always to hear input & comments
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
10-27-2021, 03:19 PM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,076
|
I just Googled Steifel and it claims to be a "Wealth Management" company. That normally means they manage your assets into their wealth. I do not know what they charge, but I would transfer all you have there to Fido and save the management fee.
__________________
Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
|
|
|
10-27-2021, 04:27 PM
|
#3
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,716
|
This thread will get better visibility in the “Fire and Money” forum.
|
|
|
10-27-2021, 04:58 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
|
If you are simply asking for opinions on choosing between Schwab, Fidelity or Vanguard, we have many members here using all of those firms. I don’t believe any one of them is universally best or worst. Different people have different experiences with them but all are reputable firms and a reasonable choice for you to go with.
I have funds in all three of them and I see no reason to consolidate. I have mutual funds that are managed by each of those companies. So while I could take some Schwab mutual funds and have Fidelity take over as the custodian of them, I don’t see what point it would serve. And if I sold the funds to move the money to another firm i would incur capital gains taxes. So for me the simplest thing is just to leave it all alone.
There may be some advantage to having all of your IRAs in one place when you are close to taking out your RMDs since the calculations for them can be tricky and it’s probably easier to only have to do one set of calculations for the entire balance of your IRAs.
|
|
|
10-27-2021, 05:11 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
|
Quote:
Originally Posted by Ready
If you are simply asking for opinions on choosing between Schwab, Fidelity or Vanguard, we have many members here using all of those firms. ...
|
I'm one of those that have accounts at the Big Three. So far, I like Schwab the best, but that is the account that I've had for the least amount of time and they haven't done anything yet to get me mad.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
10-27-2021, 05:19 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
|
My parents had some of their investments at Stifel and I went through each position with their advisor and the history and was satisfied overall.
Nevertheless, all my stock investments are at Fidelity, so moved everything there.
Very happy with Fidelity, but have never used Vanguard or Schwab.
__________________
TGIM
|
|
|
10-27-2021, 05:42 PM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
|
I have accounts at Vanguard and Fidelity, really have seen no difference in service or results.
__________________
Retired May 13th(Friday) 2016 at age 61.
|
|
|
10-28-2021, 07:11 AM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,591
|
I would consolidate at one brokerage. Kiplinger and Barron's do annual reviews of the brokers and the analysis is quite good. That's a good place to start. Vanguard never participates which is think says a lot.
Personally I use E*Trade and TDAmeritrade and favor both over Schwab. I currently use the former two. Also use Fidelity with my DAF. I used Schwab for years withy 401k but consolidated at E*Trade. I invest mostly in individual stocks but also funds.
If you move money make sure you get cash for doing so. Several brokerages offer this and more probably have unwritten policies to do so.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|