Gotadimple
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2007
- Messages
- 2,615
So you're with Schwab (solo 401k) and Vanguard (Roth)? The total is about $80,000.
Is the FA managing the total $80k for you? If so, are the recommended funds he/she put you in based on personal knowledge or an automated fund selection program (a.k.a. robo-advisor). If the latter, fire the advisor because you can get this same slice-and-dice directly at Schwab without an advisor. That doesn't mean you'll get great results, just lots of funds.
With $80k to invest, go with 90% in one fund SCHB (as Gayl suggests), and 10% short term bonds. SCHB is the total stock market. You won't beat the market, but you will match it less about .03% (the expense ratio).
If you have to do this across to accounts, use the same percentage in each account, i.e., Roth 90-10, 401k 90-10. Then get back to doing what you need to do to earn a living.
When you get to $100k in the two accounts - you can slice and dice - read Rick Ferri.
Is the FA managing the total $80k for you? If so, are the recommended funds he/she put you in based on personal knowledge or an automated fund selection program (a.k.a. robo-advisor). If the latter, fire the advisor because you can get this same slice-and-dice directly at Schwab without an advisor. That doesn't mean you'll get great results, just lots of funds.
With $80k to invest, go with 90% in one fund SCHB (as Gayl suggests), and 10% short term bonds. SCHB is the total stock market. You won't beat the market, but you will match it less about .03% (the expense ratio).
If you have to do this across to accounts, use the same percentage in each account, i.e., Roth 90-10, 401k 90-10. Then get back to doing what you need to do to earn a living.
When you get to $100k in the two accounts - you can slice and dice - read Rick Ferri.