This has been experienced by @thberry10 so I hope for his input, but still going to put it out for the rest to chime in:
I had my second call with a Vanguard Personal Advisor Services (PAS) , I received my personalized plan which has as their key actions to:
- Target allocation of 95% stocks and 5%bonds
- Purchase taxable bonds
- International stocks to be 38% of portfolio
- Large Cap 40% of portfolio
- US mid/small cap 17%
All the above is proposed to be accomplished by using ONLY 3 different ETF’s
- Vanguard Total Stock Market ETF
- Vanguard Total International Stock ETF
- Vanguard Total Bond Market ETF
Without going into great details, I asked the Advisor, that this is basically almost the same I’m currently doing which is to have Target Date Index Funds ( 2045 and 2050 ) for the two accounts, and that I believe (with the knowledge gathered in PFC) that what they were proposing was basically the same, but could be a little more expensive due to the PAS fee of 0.30% on top of the expense ratio of the ETF’s , and he said, maybe yes, to which my question is that if it’s even worth it.
My first thought is that , well maybe I just keep paying my PFC Zoom / Office Hours indefinitely to be able to discuss and bounce ideas and only do TDIF because they are practical and I don’t have much time and just embrace that this is better than paying the advisor to pick other vanguard products
Any comments are welcome.
P.S. We currently have 3 accounts in Vanguard, 2xROTH IRA’s and 1 Brokerage, also moving my wife’s SIMPLE IRA into a Traditional IRA hopefully by this month and thinking of opening 2 custodial IRAS for the kids.