TiredinTX
Dryer sheet wannabe
- Joined
- Jan 28, 2008
- Messages
- 17
We recently rolled a 401K and pension from my husband's previous employer into Vanguard. It is currently sitting in the Vanguard Prime Money Market Fund. $335,000. The 401K had been in a Stable Value Fund for the last several yrs.
Since this is a new rollover we were able to call and talk to an adviser at no cost. We don't have any expertise in this area and were looking for guidance to grow the small amount of money we have without taking on to much risk. The adviser told us that the Vanguard Life Strategy Conservative Growth Fund would be best in this situation.
Further reading online on this forum and the Vanguard forum I get the impression many don't like this type of fund. I read it's allocation changes. The adviser indicated it was 40% stock and 60% bonds and was a no maintenance type account.
I noticed many who hold this balanced fund don't put all the money they have in it, it is a piece of a portfolio.
Also, this yr. our monthly disposable income grew considerably and we would like to maybe open another after tax account with Vanguard to dump that additional money into. Again, uncertain as to where to invest that money once the account is opened.
Our Situation:
My husband is turning 65 this yr. He plans on working for another 4 yrs or so. I am 45, a stay at home mom and our son is 10.
We own both our vehicles
No CC debt
The balance on our mortgage is under $50K @ 6.2% interest. I have considered paying it off with our savings of $75K, but since the housing market is so poor I am concerned about depleting our savings with a low chance of selling our home quickly to obtain the cash.
No need to point out that this is less than an ideal situation, from our point of view we have come along way, trust me on that. We're just looking for support and guidance in continuing an upward trend with what we have achieved.
Thanks All
Since this is a new rollover we were able to call and talk to an adviser at no cost. We don't have any expertise in this area and were looking for guidance to grow the small amount of money we have without taking on to much risk. The adviser told us that the Vanguard Life Strategy Conservative Growth Fund would be best in this situation.
Further reading online on this forum and the Vanguard forum I get the impression many don't like this type of fund. I read it's allocation changes. The adviser indicated it was 40% stock and 60% bonds and was a no maintenance type account.
I noticed many who hold this balanced fund don't put all the money they have in it, it is a piece of a portfolio.
Also, this yr. our monthly disposable income grew considerably and we would like to maybe open another after tax account with Vanguard to dump that additional money into. Again, uncertain as to where to invest that money once the account is opened.
Our Situation:
My husband is turning 65 this yr. He plans on working for another 4 yrs or so. I am 45, a stay at home mom and our son is 10.
We own both our vehicles
No CC debt
The balance on our mortgage is under $50K @ 6.2% interest. I have considered paying it off with our savings of $75K, but since the housing market is so poor I am concerned about depleting our savings with a low chance of selling our home quickly to obtain the cash.
No need to point out that this is less than an ideal situation, from our point of view we have come along way, trust me on that. We're just looking for support and guidance in continuing an upward trend with what we have achieved.
Thanks All