I am 70, retired. I get a statement every month via email from my Financial advisor, this is January 2024:
Account detail
All accounts $813,259
Individual TOD: $352,009
IRA: $268,396
Rollover IRA: $144,173
Individual TOD: $29,910
Roth IRA $18,772
Account Performance
Individual: -0.05
IRA: 0
Rollover: -0.49
Individual: -1.44
Roth IRA -0.22
Return (%)
Performance Detail
Return: -0.17%
Beginning Value: $818,258
Net Contribution: -$3,614
Change in Value: -$1,385
Ending Value: $813,259
Asset Type
Bonds: 40.67
Other: 33.54
US Stocks: 13.06
Non-US Stocks: 9.97
Cash: 2.77
Allocation (%)
This was just sent to me for March 2024:
Account Detail
All accounts $821,354
Individual TOD: $358,027
IRA: $267,708
Rollover IRA: $144,164
Individual TOD: $31,652
Roth IRA $19,802
Account Performance
Individual: 1.32
IRA: -0.26
Rollover: 2.67
Individual: 2.71
Roth IRA 2.52
Return (%)
Performance Detail
Return: 1.12%
Beginning Value: $815,838
Net Contribution: -$3,614
Change in Value: $9,130
Ending Value: $821,354
Asset Type
Bonds: 39.88
Other: 33.12
US Stocks: 13.9
Non-US Stocks: 10.31
Cash: 2.78
Allocation (%)
I have had the same Financial advisor for many years. He charges 1%.
From what I have read here, I believe I should switch to Vanguard. I have an annuity, but I do not
know if it is included in here, he "takes care of it". Please keep in mind I am new to
actively monitoring this. I am also new to Reddit, and I hope this is in the correct place.
What should I be doing differently? Please advise, Thank You!
original posted by Friendly_Comb_6055 to r/personalfinance on Fri, 05 Apr 2024 15:35:26 GMT.