No. of Recommendations: 1
My husband and I just received a large sum of money that we have to put into an IRA. I have no idea where to start. Who to trust. I'm not a very big risk taker. I've checked into Vanguard, the local bank, and an individual financial advisor. The advisor is a fee only. I've only had small investments in the past. This amount is over 400,000.00. Any advice would be appreciated. Thanks!

My investments are at Vanguard and I trust Vanguard, but I know that I still need to be on top of a few things myself. Are you looking for a place to invest the money (e.g., Vanguard mutual funds) or for investment advice? I select my own (index) funds and asset allocation.

This page seems to apply to your situation:

Help With Your Rollover or Transfer
Moving $100,000 or more into a Vanguard IRA®? A Vanguard retirement advisor can help. Call 1-800-414-1742.

Your Vanguard retirement advisor is ready to help, whether you're moving money into a Vanguard IRA from an employer plan, another IRA, or multiple IRAs. Advisors are available Monday through Friday from 8 a.m. to 7 p.m., Eastern time.

Your advisor will:

Personally manage your transaction—including paperwork and communicating with other institutions—from start to finish.

Discuss your financial goals and analyze your current retirement investments, including any company stock or brokerage holdings.

Provide you with a personalized report detailing an appropriate investment strategy, including recommended asset allocations and specific investments.

Determine whether you could benefit from additional Vanguard financial services and introduce you to the appropriate Vanguard specialists.

I have no experience with using Vanguard for investment advice.


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