No. of Recommendations: 0
I have started looking at the Vanguard LifeStrategy Funds for a simple one-stop investment for a relative. ...While buying 2,3 or 4 funds and rebalancing is not that complicated, one fund is even simpler.

So let me give you a simpler option. Close the Merrill account, open up a Vanguard account, and put everything into the VTENX which is the "Target Retirement 2010" mutual fund (i.e. "I'm already retired").

Oops. Apologies to spinning who posted (more or less) the exact same suggestion before I did and somehow I didn't see it.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.