My husband and I, age 80 and 76, have had all of our IRA money (about $930,000) in an adviser-directed account at Fidelity for the last two years. We both have a 60/40 mix. Before that, a friend helped us, but he is ill. So we went to the Fidelity service and pay $6,000 a year for both accounts.
The investments in the two accounts in the IRA just hit their benchmarks. We feel we would be just fine in index accounts that we monitor. We want to switch to Vanguard and have Fidelity roll over the money to them. That means all the investments in the Fidelity account will go into cash before the rollover to Vanguard. We would eventually set up a portfolio with 60 to 70 percent in domestic and international stock index funds and 30 to 40 percent in bond index funds for each of our accounts.
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