u/Snoo_33567

This is for initiating 401k rollovers into a traditional IRA ahead of my wife and I retiring in Jan 2027. The rep was very knowledgeable and was patient with a novice like me. I was curious to see what a managed plan would look like for our $1.5 million portfolio. I am currently waiting for our next meeting in early Sept to go over the plan.

I am strongly leaning self-directed and Fidelity looks like it has great support for that as well. What kind of human support can I expect if I go self-directed and does a 7 figure portfolio add any additional services? Would I be able to reach a human at my annual check in to rebalance and have a Fidelity rep walk me through that? Just curious to what is really afforded to self-directed plans.

Had a meeting with a Schwab rep the same day so I am curious how the plans compare when all is said and done. It was a positive experience at both .

Nice guy, wasn't pushy. But I don't think he ever listened to what my idea of retirement was or maybe they stick with plan no matter what. I really emphasized that my wife and I wanted to spend more early on and then scale back as we get older we are currently 60/59 and plan on retiring first week in January. We have a combined 401ks worth $1.5 million and I have a pension and healthcare paid up to Medicare and Medicare advantage paid till we are 70. The essential bills are covered by guaranteed income by year 2 (when my SS kicks in) and will have a surplus in year 3 (wife's SS kicks in). I said we would like a high(er) withdrawal rate the first decade (@5.5% beginning year 3) then we would scale back and have great flexibility to to reduce withdrawals at any point should there be a bad market sequence and would put guard rails in place etc. etc. So I get the report and and its eighteen different funds roughly a 40/60 allocation and a greater than 99% Monte Carlo to last till my wife is 100 and I think well that's a good start then I see the withdrawal rates for the first four years 3.9%, 2.29%, 1.04% and 0.71% and I'm like of course its gonna last till she's a 100 if we don't spend any of it. I get that their model is going to be very conservative but wasn't expecting it to be that conservative. I also understand that they just follow a structured plan and that I would have ultimate control over withdrawal strategy. I likely wasn't going to use the service but wanted to see what it was about and where they thought we stood which was a good experience for a novice like myself. At the end of the day I think I am going to DIY and go with a simple two fund portfolio and see how it goes. I wouldn't rule out using an advisor service or robo-advisor later on in life or even switching to a balanced fund/TDF to make it more manageable for my wife in the likely event I get "promoted" before her. I wanted to share in case any others are considering a Personal Advisor Service from Vanguard Seems like a viable service but just not for me at this stage. Here is the breakdown if anyone is curious: Stocks (40%): 20% U.S. large-cap stock, 8% U.S. mid/small-cap stock, 12% International stock. Bonds (60%): 17% U.S. short-term bond, 21% U.S. intermediate-term bond, 4% U.S. long-term bond,18% International bond and 0% Short-term reserves.

Wife and I plan to retire in January 2027 and plan to rollover both of our 401ks into traditional IRA's. How far in advance should you contact one of the big 3 to see about possible bonus offers, basic services provided or to discuss advantage or disadvantages of using a robo advisor or personal advisor service to see if it makes sense.

Wife and I plan to retire in January 2027 and plan to rollover both of our 401ks into traditional IRA's. How far in advance should you contact Fidelity to see about possible bonus offers, basic services provided or to discuss advantage or disadvantages of using a robo advisor or personal advisor services to see if it makes sense.

Wife and I plan to retire in January 2027 and plan to rollover both of our 401ks into traditional IRA's. How far in advance should you contact Vanguard to see about possible bonus offers, basic services provided or to discuss advantage or disadvantages of using a robo advisor or personal advisor service to see if it makes sense.

My wife and I both work for the same company we are both planning to retire in Jan 2027 likely on my 61st birthday for symbolic reasons. I plan on claiming SS at 62 in 2028 and wife will claim at 62 in 2029. I have a pension already which covers 2/3 of our essential bills and when SS kicks in for both of us we will have a surplus. My 401k should be @$407k at rollover and my wife's will be at roughly 1.024 million at rollover. I am a retired firefighter. So i did not really have to get too involved with saving for retirement other than making pension contributions on the FD and the same with 401k's basically had in different index funds. So Im not a savvy investor and neither is my wife. We would like to spend higher in the go go years and then scale it back as we age. Leaving a nest egg is fine but we really do want to enjoy the next decade as much as we can while we are healthy. What would be a simple plan to manage, a TDF, balanced fund or a two fund 60/40? I would like to automate as much as I could but understand I would have to rebalance funds occasionally. Trying to keep it simple. We haven't figured out which brokerage to roll our 401ks into yet but have read that Fidelity's website is very good and makes it easy to manage two IRA's at the dame time. Thanks in advance

My wife and I both work for the same company we are both planning to retire in Jan 2027 likely on my 61st birthday for symbolic reasons. I plan on claiming SS at 62 in 2028 and wife will claim at 62 in 2029. I have a pension already which covers 2/3 of our essential bills and when SS kicks in for both of us we will have a surplus. My 401k should be @$407k at rollover and my wife's will be at roughly 1.024 million at rollover. I am a retired firefighter. So i did not really have to get too involved with saving for retirement other than making pension contributions on the FD and the same with 401k's basically had in different index funds. So Im not a savvy investor and neither is my wife. We would like to spend higher in the go go years and then scale it back as we age. Leaving a nest egg is fine but we really do want to enjoy the next decade as much as we can while we are healthy. What would be a simple plan to manage, a TDF, balanced fund or a two fund 60/40? I would like to automate as much as I could but understand I would have to rebalance funds occasionally. Trying to keep it simple. Thanks in advance