Onto the nitty-gritty! I'm completely new to investing but not to saving -- our nest egg is ~$750k right now -- and I'd like to be able to focus more on the latter going forward. My immediate goals are: 1) find another financial advisor that can help us audit our existing investment situation, 2) get setup on a better website to review/manage our investments going forward, and 3) help us migrate to a three-fund portfolio. Here's how I'm thinking of proceeding... please let me know what you think:
1. The post that led me to Bogleheads mentioned Mark Zoril & PlanVision in general favorably. I haven't completed digging into his website yet, but his general attitude aligns with what I'm looking for. At $400/year for US clients, he already charges well below what I was paying my current advisor ($1k/year). Are there other financial advisors ya'll would recommend looking at?
2. PlanVision uses eMoney for making sense of clients' investments. Assuming ya'll don't see any glaring problems with using PlanVision as an advisor, I figured I would link my existing accounts to eMoney so that they (& I) can get visibility on my current investments & come up with a plan going forward -- at least as a starting point.
3. I'm still actively learning about the three-fund portfolio & how it works. I'm hoping PlanVision can help me reallocate & rejigger my investments to sit primarily in Vanguard Total Stock Market Index Fund (VTSAX), Vanguard Total International Stock Index Fund (VTIAX), & Vanguard Total Bond Market Fund (VBTLX). I believe most (if not all) of my current investment accounts are primarily tax-advantaged (401k, traditional IRA, Roth IRA), and my current asset allocation appears to be 80/20, which seems higher than what's recommended here given that my wife & I are both 50.
Does that all sound reasonable? If so, I'll probably reach out to PlanVision on Monday about their availability for setting up an initial meeting... I was just looking for an overall sanity check first. Thanks in advance!
