I want to allocate all of it in Vanguard Mutual funds. I have an account now and I'm pleased with them.
Question is how do I allocate it? It will go into individual taxable accounts.
I'm in a 28% tax bracket. No debts at all including my house. Current net worth around 1.2million.
Thanks
Oh, and I am 53 years old and planning to work till around 70. A moderate in terms of risks.
Suggestion:
If you are as wealthy as you state, your broker should already have a personal financial consultant assigned to you. They will be calling you frequently, I can assure you.
If you do not presently have a brokerage account or Mutual Fund account, then you'll have to start one. Vanguard is a good company; I have been with them for many years. once you put in more than $50,000 they will assign you Voyager status, and you are entitled to discounted financial planning sessions.
If your account exceeds $500,000 you get Voyager Select Status, which entitles you to a complimentary session with a financial consultant. Plus deeply discounted trading commissions.
Do this, rather than soliciting advice from this forum.
