Prep work has been completed and we are almost ready to move funds over to Vanguard. Due to a lock in time of some of our investments at Ameriprise we are only able to move about $826,000 at this time. $140,000 is cash, $686,000 in IRAs. Later we will discuss the pros and cons of taking penalty hits on our REITS. Our annuity will move in 2015 and our CD in 6 months.
After reading posts from this forum and reading The Bogleheads’ Guide to Investing,
I realize our portfolio is going to be changed in a very big way. Of the $826,000 we will be transferring there are 32 different funds. Coming to Vanguard, we know things will be simplified. That is what we desire. It’s just hard wrapping our minds around having so few investments.
I’m wondering if there are any of you 60ish year old retirees out there who would be so kind as to share how many funds you hold in your portfolio. Also what funds you do hold. We’ve been studying asset allocation. My understanding for our age is 60% bonds, 40% stocks. When I used the Vanguard on-line tool it came up with 35% Total Stock Market and 15% International Stock and 50% Bonds. We are also wondering about where to put our cash.
Any feedback would be greatly appreciated. My husband was bit shocked when I mentioned we would have so few investments. Hearing back from those of you in our situation would be most helpful and reassuring while we make this transition.