Need some advise

[visioncov]

Hello All,
thanks in advance. I need an advise on the following items:
1. Do I need to start converting to Roth IRA more? currently I am in 24% tax bracket.
2. Currently my funds are being managed by an adviser, charges about 17K per year. Should I manage my own? I am not an expert at investing. but able to manage to gain about 6-7% per year on an average when I did on my own for a few years before.
Not sure if the fund manager is doing a good job.
3. If you think I should handle my own funds, what would be recommended strategy. I've been moderately aggressive.

Here is the my current situation:
Current Salary (110K me 53yrs, spouse 110k  50yrs) (planning to work at least 4-5 more years)
We are at 24% tax bracket. No state tax.
Maxing out 401K with some employer match. Also contributing to pension plan through ER.
HSA 3K per year.


House ~625K (Paid)
          ~400K (95K mortgage) with 18K/yr rental income with 1K/year expenses. Planning to give the houses to the kids eventually.

2 kids (1 about to finish college, 2nd 10years)

Cars (3 count, 20K Loan left)
Credit card Debt (10K)


401K (~600K spouse,  ~1.65M+100K(roth) Me) with Schwab  70% Stock funds, 30% Bond funds
Post tax Investment Accounts ~550K
Inheritance (Invested in real estate): ~350K (all gains are going to charity)
Cash 50K (emergency fund)
Gold 25K (usually invest 2K per year, will stop when it is about 50K)
Pension Plan through ER(100K Me, 100K Spouse so far. if we retire 3K Me and 3K spouse per month from year 2031 onwards)

HSA  (35K)
529Plan (60K)  (Contributing 1250/yr)

current Monthly Expenses (around 10K per month currently. will be 50K at the time of retirement).
Currently working to meet the high expenses. Main expenses are from Kid's college and property taxes.

[frugal_c]

2. Currently my funds are being managed by an adviser, charges about 17K per year. Should I manage my own? I am not an expert at investing. but able to manage to gain about 6-7% per year on an average when I did on my own for a few years before.

I would say yes, assuming we are just talking equity market investing. The only thing you *might* need is tax advice as relates to your investing but that should be much less.  Personally I just do it myself and while my portfolio is smaller than yours, it is not that much smaller.  These investment advisors don't know anything that you can't readily find on morningstar/barrons/bloomberg for a fraction of the price.  The only exception I can think of, again, being tax advise/planning if you have a complicated situation.

3. If you think I should handle my own funds, what would be recommended strategy. I've been moderately aggressive.

The standard answer here is something like VTI (US + international equities) with some bonds thrown in.  You can also look at a target date vanguard fund.  Another option if you are in the US is Wellington, which maintains bonds/equities and has a history back to 1929.  Given the market is in a bubble I like that wellington is picking individual securities as they historically seem to have avoided the most egregiously over-priced ones.  If we are in a bubble it is plausible that in the crash they will not fall as much.

[MDM]

1. Do I need to start converting to Roth IRA more? currently I am in 24% tax bracket.
2. Currently my funds are being managed by an adviser, charges about 17K per year. Should I manage my own? I am not an expert at investing. but able to manage to gain about 6-7% per year on an average when I did on my own for a few years before.
Not sure if the fund manager is doing a good job.
3. If you think I should handle my own funds, what would be recommended strategy. I've been moderately aggressive.

1. Maybe.  It's usually unfavorable to convert while still working because the marginal tax rate now is likely higher than the marginal tax rate will be in retirement, but the presence of a pension might matter.  See Traditional versus Roth - Bogleheads, particularly the part about Estimating future marginal tax rate.
2. Answer to "should I manage my own?" is likely the same as the answer to "can I avoid attempting to time the market?"
3. See Three-fund portfolio - Bogleheads and Tax-efficient fund placement - Bogleheads for some reasonable suggestions.  The overall asset allocation (aka degree of aggressiveness) is up to you.