We finally brave enough to fire our advisor and move to Vanguard. We were terrible invertors when managed our own money. It was just bloody bad, period. After paying many years of expensive tuition and we finally want to try our own AGAIN.
We both 43 and plan to retire around or before (even better) 55 when kids leave the schools.
Except one REIT stuck in Roth, Vanguard help us transfer our cash and funds from SPS accounts into Vanguard without problem. We also own the infamous VULs and these are tough parts we try to deal. Did not realize we paid the much front load fees until we really try to understand the numbers from the book. We were only told it is tax free but I guess we were just too naive and too desperate to find someone help us out that time.
Our situation:
House paid off. No debt, no loans. Husband has stable income 100k/yr
Paid off credit card bill every month.
135k in 2 Roth
24k REIT in Ameriprise Roth
300k in 401k
90k in join account
40k in husband VUL, -9k if surrender
20k in my VUL, -180 if surrender
46k in 2 529s
cash enough to last 6-10 month.
I wound like to know if it is worth to exchange VUL to Vanguard Annuities and purchase much cheaper term life insurance? I am not familiar with annuities. Dont want to fall into another trap. We both do not expect to leave too much for our kids. But do think some insurances are necessary before they are on their own.
Love to hear some inputs about what to do with VUL. Anyone done that before?
We both 43 and plan to retire around or before (even better) 55 when kids leave the schools.
Except one REIT stuck in Roth, Vanguard help us transfer our cash and funds from SPS accounts into Vanguard without problem. We also own the infamous VULs and these are tough parts we try to deal. Did not realize we paid the much front load fees until we really try to understand the numbers from the book. We were only told it is tax free but I guess we were just too naive and too desperate to find someone help us out that time.
Our situation:
House paid off. No debt, no loans. Husband has stable income 100k/yr
Paid off credit card bill every month.
135k in 2 Roth
24k REIT in Ameriprise Roth
300k in 401k
90k in join account
40k in husband VUL, -9k if surrender
20k in my VUL, -180 if surrender
46k in 2 529s
cash enough to last 6-10 month.
I wound like to know if it is worth to exchange VUL to Vanguard Annuities and purchase much cheaper term life insurance? I am not familiar with annuities. Dont want to fall into another trap. We both do not expect to leave too much for our kids. But do think some insurances are necessary before they are on their own.
Love to hear some inputs about what to do with VUL. Anyone done that before?