I've finally recouped my IRA assets from the past downturns and just found your forum this week. A lot of good things to read and learn on this site!
I'm 57, retired with a good pension, currently using a local Edward Jones advisor and he wants me to move my $150K IRA account that is mostly bond and fixed income funds into an Advisory Solutions account, managed portfolio with Institutional funds, that charges a 1.35% fee. I'm not sold and asked for an updated hypothetical portfolio illustration(list of funds, costs, re-balance %, etc.) Another broker has a similar program of managed funds with a 1.25% fee.
The IRA is basically am emergency fund and not necessary for retirement. I'm almost ready to move all of my IRA funds out of EJ and into my Fidelity or a new Vanguard account, but need some guidance. The Three Fund Portfolio looks very interesting and easy to mange with index or ETFs. I've ordered some books recommended by your forum and don't know what to do given the current state of world events, poor bond performance, advisors charging excessive fees and so on.
I've read the Vanguard white paper on "The bumpy road to outperformance"....excellent work!
So, should I continue with an actively managed account or move my money into passive fund with index, ETFs and bond funds(VTSMX, VGTSX, VBMFX, VTIBX)?
Bill[Personally identifiable info removed by admin LadyGeek (small town)]