PointBreeze
Recycles dryer sheets
I'm helping an 80-year-old relative manage her investments. She has a Fidelity brokerage account with assets in the mid 6 figures. She does not need the money in this account; her Social Security and about 25% of her RMD covers all of her spending. The brokerage account keeps growing because the 75% of her RMD she doesn't needs gets invested there, and her investments have done well.
She is risk averse and wants to both preserve and grow the account in order to leave a good inheritance. The funds and stocks she has now throw off a fair amount of dividends, and we'd like to minimize that, if possible. And I like to keep expenses way down.
I'd like to find a relatively conservative balanced fund that doesn't throw off too many dividends and has a low expense ratio.
I use Vanguard's Tax-Managed Balanced Fund (VTMFX) in my own brokerage account, but it is not available to be purchased at Fidelity and she wants to stay with Fidelity.
Does anyone have any suggestions?
She is risk averse and wants to both preserve and grow the account in order to leave a good inheritance. The funds and stocks she has now throw off a fair amount of dividends, and we'd like to minimize that, if possible. And I like to keep expenses way down.
I'd like to find a relatively conservative balanced fund that doesn't throw off too many dividends and has a low expense ratio.
I use Vanguard's Tax-Managed Balanced Fund (VTMFX) in my own brokerage account, but it is not available to be purchased at Fidelity and she wants to stay with Fidelity.
Does anyone have any suggestions?