Vanguard CFP

[FedExCourier]

I was emailed a little surprise info from the CFP at Vanguard when he told me that my plan requires 45 days after retiring before I can roll my 401k into an IRA. I was planning on starting my monthly paycheck right away. No paycheck for 6 weeks will really hurt.
I had a quick conversation with the CFP but he was suggesting the Life Strategy Moderate Growth Fund. I'm not too keen on that so I told him that I wanted to research more funds and we could talk more about what I was interested in later. Any questions you can think of for me to ask or any Vanguard Funds you would recommend.
Right now I have Primecap, Ext. Market, Wellington, Windsor, Total Int'l Stock, and TIPS and will make some changes to a bit more conservative portfolio.

 

[Focus]

I had a quick conversation with the CFP but he was suggesting the Life Strategy Moderate Growth Fund. I'm not too keen on that...

What's wrong with the Life Strategy Moderate Growth Fund?

 

[LOL!]

It seems you like the old-style actively-managed Vanguard funds. If you are not going to take the advice of the CFP, why bother with the CFP?

My advice: LifeStrategy Moderate Growth, it is 60/40.

If you are not goint the take the advice of ….

 

[racy]

...I told him that I wanted to research more funds... any Vanguard Funds you would recommend....

Hi Fed,

Take a look at Lazy Portfolios. Invest Simple with Lazy Portfolios - MarketWatch.com

They're simple, using well-diversified funds with low-cost, no-load index funds, no active trading nor market timing and no commissions. (Click on the portfolio name to see how each is constructed with Vanguard funds).

How to create a Lazy Portfolio: Invest Simple with Lazy Portfolios - MarketWatch.com

 

[FedExCourier]

Hi Fed,

Take a look at Lazy Portfolios. Invest Simple with Lazy Portfolios - MarketWatch.com

They're simple, using well-diversified funds with low-cost, no-load index funds, no active trading nor market timing and no commissions. (Click on the portfolio name to see how each is constructed with Vanguard funds).

How to create a Lazy Portfolio: Invest Simple with Lazy Portfolios - MarketWatch.com

Funny you mention this site. I have it bookmarked! It has given me a good guide and I will have a major percentage invested in Total US and Total Int'l stock fund. In fact, I was more interested in the Life Strategy Growth Fund out of that grouping of funds.

 

[Sunset]

If 6 wks is going to really hurt, then lucky you that the market is at record highs. Sell a little of your regular brokerage account (long term capital gain stuff) to tide you over.

Something to think about besides that is a cash (cash equivalent) cushion, so that if the market plummets 90% in 2 weeks like 1929 level, that you have cash to spend for a couple of years without selling any stock.