livesoft wrote:It appears to me that these folks do not need any safety other than the normal avoidance of Madoff-like actors.
Just send to Vanguard and be done with it. If they want to split among financial institutions, I would recommend that they just use Vanguard ETFs or funds and Fidelity Spartan Advantage funds at those places. In my order of preference: WellsFargo, TDAmeritrade, Fidelity, Vanguard. The assets could be set up in "set-and-forget" mode except for one vendor. That one vendor would get all transactions except perhaps once every 3 or 4 years the other accounts would need some action.
Indeed, annuities can be a bit Madoff-like in understnading all the little hidden nuances, thus the recommendation to index
Wow, why Wells and TD as top two? Doesn't it make sense to invest with Vanguard if going with Vanguard funds or etf?
Also, what's most tax efficient? Does it make sense to put a relatively paltry $5000 into Roth?
Something else that came to mind, invest large lump sums or DCA?
1) Invest you must 2) Time is your friend 3) Impulse is your enemy 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course. (Plagiarized, but worth stealing)