Kudos to you that you want to lower your costs.
With a 1.5% AUM fee plus what appears to be an average 0.5% fee for your funds, you are giving up 2.0% of your portfolio, year after year, to your advisor and the fund managers. So no, they aren’t good products.
Here are some Boglehead-approved portfolios that would be cheaper and easy to administer yourselves: https://www.bogleheads.org/wiki/Lazy_portfolios
Another option is to use an all-in-one fund for real simplicity: https://investor.vanguard.com/investmen ... gy-funds#/
Only you can decide the level of risk and volatility that you are comfortable with. Here’s a chart that shows historical volatility and returns for various combinations of stocks snd bonds: https://investor.vanguard.com/investor- ... allocation
You can contact another broker — Vanguard, Schwab, and Fidelity are recommended here — and it will pull your funds from UBS. Once the existing funds have been moved, you can sell everything within your IRA. This will have no tax consequences and then you can reinvest in one of the above lazy portfolios. (Any funds not in the IRA need to be handled more carefully to minimize any capital gains taxes upon their sale.)
Good luck.
With a 1.5% AUM fee plus what appears to be an average 0.5% fee for your funds, you are giving up 2.0% of your portfolio, year after year, to your advisor and the fund managers. So no, they aren’t good products.
Here are some Boglehead-approved portfolios that would be cheaper and easy to administer yourselves: https://www.bogleheads.org/wiki/Lazy_portfolios
Another option is to use an all-in-one fund for real simplicity: https://investor.vanguard.com/investmen ... gy-funds#/
Only you can decide the level of risk and volatility that you are comfortable with. Here’s a chart that shows historical volatility and returns for various combinations of stocks snd bonds: https://investor.vanguard.com/investor- ... allocation
You can contact another broker — Vanguard, Schwab, and Fidelity are recommended here — and it will pull your funds from UBS. Once the existing funds have been moved, you can sell everything within your IRA. This will have no tax consequences and then you can reinvest in one of the above lazy portfolios. (Any funds not in the IRA need to be handled more carefully to minimize any capital gains taxes upon their sale.)
Good luck.
Statistics: Posted by delamer — Sat Mar 02, 2024 3:26 pm — Replies 9 — Views 497