Folks, Thanks again to everyone on this wonderful forum.
Today, I've opned my first Vanguard account - VPAS - Personal Avisory account - they said they offer comprehensive financial plan on 30 bps on 50K. I' recently also open Schwab SIA (Intelligent Asvise) account with finanical plan but Schwab invests in too many ETFs with 28 bps and too much in cash. Al-tough Schwab has great service, this cash drag and deep down "non fiduciary" is not sitting well, so trying my luck with Vanguard. Sales guy at VPAS said even if Vanguard VPAS folks are not CFPs like Schwab IA, they have Vanguard 'quality' - like this BH philosophy of low cost and fiduciary. I will keep my Schwab IA/IP and see if Vanguard is of any value.
Anyone has any experience with VPAS? How 'comprehensive' is VPAS plan?
With me luck on this journey!
Hi I've become a big fan of Jack Bogle. I am also a fan of index funds. Any help for a newbie such as myself when comparing Vanguard to Peter Mallouk's Creative Planning? Since the threshold at Creative Planning is now low enough for the average investor such as myself to participate- does CP offer any substantial advantage over one of Vanguard's index funds?
Total Assests : 700K
Inflows: 11K/Month Take Home,
Outflows: Yearly Expenses: 100K (8K/Month)
Emergency funds: 3 Months, 25K (8K/m *3) @ BoA Checking 0.0%
Debt: 300K primary home mortgage, 2.5 APY 10 Year Fixed
Tax Filing Status: Married Filing Jointly, 2 Kids (6/6)
Tax Rate: 28% Federal, 10% State
Effective Rate: 20%
State of Residence: CA
Taxes Paid 2016 = 34K
Him: 41 Job-1 130K, Job-2 30K (Temp)
Her: 40 Job-1 80K
Him/Her Full 401K Contribution 18K+18K
Desired Asset allocation: 80% stocks / 20% bonds
Desired International allocation: 25% of stocks
Current retirement assets
1.-- 20% 100K Goal: Short Term (Emergency Fund II 50K, RoomAdd 50K @ 2020) at BOA/ME
Static AA 30:70 vs Ally Savings 1%, Risk Loss Max - 15%: 7.5K on 50K
20% US iShares Core S&P Total U.S. Stock Market ETF (ITOT) 0.08
10% Global iShares Core MSCI Total International Stock ETF (IXUS) 0.08
20% US iShares Core Total USD Bond Market ETF (IUSB) .08
10% Global iShares Core International Aggregate Bond ETF (IAGG) .08
20% US iShares iBonds Dec 2022 Term Muni Bond ETF (IBMK) | VTEB |MUB .08
20% CA MUNI iShares CA Muni CMF|CXA .25
2. -- 50K Goal: Long Term (Retireby60) at Schwab AA: 80:20
LumpSum (50K) + Monthly (Her 3K/Month) AA 80:20
One Fund Schwab Target 2035 Index Fund Institutional Shares SWYFX 0.08
3. -- His 401k at Fido - Company Match 7.5K/year
50% 300K - Fidelity Target 2040 Index Fund Institutional Shares ER 0.18
it feels like you are thrashing a bit - heading to Schwab, to Vanguard PAS, maybe to Creative Planning, to an insurance salesman, it seems......
Maybe it's best to go back to your original questions in the "Asking Portfolio Questions" thread, and think about how to allocate your entire investment portfolio. Letting different advisors turn your head about how to allocate $50K here or $50K there isn't going to get you anywhere but lost.