Mustachians! I need your help and advice, if you're feeling charitable.
I can embrace frugality, but translating the investing ideas I've read here is a bit harder. I'm not a self-employed contractor, so I can't do those SEP IRAs or 401Ks. I'm a might-have-20-different-employers-per-year job-to-job employee, so I don't have access to pension or benefits or 401Ks. My income can fluctuate between $10,000 and $100,000.
The Basics: Central California, mid-40s, $130,000 mortgage at 3.75%
The Good: I have a dedicated emergency fund greater than two years' expenses. (At local .01% bank)
The "Bad": The rest of my money is in individual stocks selected/managed by an advisor who gets 1.1%-1.5% AUM. (Most of this is in taxable: $650,00. Some is in a Roth IRA: $75,000.)
The side note: $150,000 cash ready to invest (or put in, say, a 5-yr CD @2.1%)
My plan: Transfer from the advisor to BofA or Vanguard. I'm leaning BofA for banking relationship and tasty perks reasons. Unwind the stock positions in as tax-efficient a way as possible (whatever that means). Buy index funds -- including some (30-40%) bond exposure in the taxable but not the Roth.
I realize it's an unpredictable and possibly unrelatable job/life/retirement path, but I'd welcome any insights you have. Any thoughts? Which funds? Asset allocations? Totally nuts for contemplating BofA/MerrillEdge as well as Vanguard?