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Financial Planning Question – Stock Market Index Funds

 

Q: I have two Total Stock Market Index Fund Admiral Shares at Vanguard. 1 Roth, 1 Individual totaling $91,000. Is this a good place for a 65 year old retired person with no pension but who has other assets?

A: Thanks for listening and thanks for your email.

Vanguard as a custodian and an institution, in our opinion, is the best place to keep you investment money that you are controlling as long as you are comfortable managing the investments on your own. Their costs are the lowest in the business.

Determining whether owning equities in the amount of $91,000, however, is difficult to determine without knowing your situation more clearly. There are many factors to consider before determining an appropriate allocation of these funds. Some things to consider would be the amount of assets outside these, what is your risk tolerance, how much income are you going to need to derive from your assets, what other income sources do you have, what is your time horizon, what is your legacy goals for your money, etc.

As you can see, there are too many other details necessary before providing a clear yes or no answer to your question. One of our advisors would be happy to speak with you further about your specific situation if you would like if you would like to call the office or set up a free consultation. Also, if you would like to find other fee-only advisors similar to us, visit www.napfa.org to find someone near you.


 

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