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spinning:
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.

Me:
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.

--CH
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