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I am pretty sure my father is just a few signatures away from finally listening to my "annoying" advice and opening a Vanguard account. I still have to "important" hesitations for it however. The first is the never ending approach question and the other is geared more towards Vanguard vs. brokerage firm.

Starting with the first I have been thinking that probably the best way for my father to go is to open a Vanguard Target retiremetn 2015 fund (Vtxvx). BUT of course I'm thinking in may be wiser for him to simply invest in the VTSMX fund for about 10 years then and only then sell his assets and open an account with the VTXVX. What worries me is the amount of money lost possibly during this transaction or am I just better to let Mr. Sauter and Vanguard deal with the allocation of my father instead of me.

Secondly I am torn between opening the account directly with Vanguard for him or passing through Scottrade (which I know has no fees for mutual funds).


(Cross posted to Index funds board).
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