So I recently received financial control of a currently 92k Schwab brokerage account from my father in law. It was money left over from my wife's college fund. It is now in a "World Stock" fund DGEIX with an expense ratio of .31%, and under a management company taking a bit less than 1% per year. Obviously I am going to break the relationship with the management company, but what should I do with the money? Keep it in DGEIX? Put it in SWTSX fund, SCHB ETF, or move it to Vanguard? Any other ideas?
In the past year, my wife and I are in good shape financially thanks to MMM. I am 31, she is 29. Including the Schwab account we have a bit over 200k invested towards FI. Mainly stock index funds in a 401k, 403b, and IRAs. We have no debt other than a 120k mortgage that we are aggressively paying off. By the end of this year, we will max out all our retirement plans.
Thanks for any advice.