I'm trying to decide what to do with our retirement accounts and could really use some advice.
We have 2 tIRAs and 2 Roth IRAs with Scottrade with the following allocations (expense ratios in parentheses):
My IRA: $14,032.97 FSTMX - Fidelity® Total Market Index Fund Investor Class (0.09%)
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares (0.16%)
DW’s IRA: $43,686,35 FSTMX - Fidelity® Total Market Index Fund Investor Class (0.09%)
VGSIX - Vanguard REIT Index Fund Investor Shares (0.26%)
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares (0.16%)
My ROTH: $7,886.67 ASVIX - American Century Small Cap Value Fund Investor Class (1.26%)
CAMOX - Cambiar Opportunity Fund Class Investor (1.05%)
CHDVX - Cullen High Dividend Equity Fund Class Institutional (0.76%)
EIEMX - Parametric Emerging Markets Fund Institutional Class (1.12%)
FKASX - Federated Kaufmann Small Cap Fund Class A Shares (1.96%)
ITHIX - The Hartford Capital Appreciation Fund Class I (0.78%)
IVAEX - Ivy Asset Strategy Fund Class I (0.74%)
JETIX - Aberdeen Select International Equity Fund II Class (1.13%)
SRVEX - Victory Diversified Stock Fund Class A (1.09%)
TGVIX - Thornburg International Value Fund Class I (0.90%)
DW’s ROTH: $51,498.71 EMGYX - Wells Fargo Emerging Markets Equity Fund - Class Admin (1.49%)
ICMBX - Intrepid Capital Fund Investor Class (1.40%)
IGNIX - Ivy Global Natural Resources Fund Class I (1.16%)
IVAEX - Ivy Asset Strategy Fund Class I (0.74%)
MALOX - BlackRock Global Allocation Fund, Inc. Institutional Shares (0.87%)
SGIIX - First Eagle Global Fund Class I (0.84%)
The tIRAs allocations are pretty straightforward. Returns have been fair and ERs are low.
The Roth IRA allocations are much more complicated. Returns have been decent to "crap". The ERs overall are high.
I have never paid attention to the allocation of these accounts before, but since discovering MMM I've decided it's time to take the reins. I'd like to simplify things for all the accounts over $10k by investing 100% in VTSAX, however Scottrade won't let me unless I have a Scottrade Advisor Services Registered Investment Advisor. I don't know who she/he is, but I assume she/he wants to extract extra money from me to invest in VTSAX.
Questions:Should I transfer these accounts over to Vanguard to invest in their index funds? The fee to do this is $75. Not sure what other costs I will incur or if timing is important.
If yes, should I do a transfer in place or liquidate first? I assume I should consult with a Vanguard rep either way.
If no, are there comparable TSM index funds to use in Scottrade? The Fidelity Total Market fund seems similar and has a lower ER, but still higher than the 0.05% of VTSAX.
Does having 4 accounts make sense for us? If not, is there any way to consolidate that won't cost a fortune? Wife is a SAHM and at the moment we aren't able to contribute to these accounts. Hopefully that will change in the next couple years thanks to the suggestions we were given in our Ask A Mustachian post (
http://forum.mrmoneymustache.com/ask-a-mustachian/reader-case-study-what-do-we-focus-on/)
Thanks in advance for your suggestions!