Thank you.

Would an assessment of the company and how well funded the pension plan is be a consideration?

Rob, recently discovered your channel and have added it to my top tier for financial advice in retirement. The production quality is very high and your style is very easy to follow. The one suggestion is ... can you please add **chapter markers** ... especially for something like this one - where not all of the FIVE are of interest to every viewer. Cheers and I look forward to your upcoming videos! HAPPY THANKSGIVING :)

Just like winning a lottery 😜

AMEX just announced they will no longer handle IRAs. I'm 72. ,How do i transfer the IRA to another institution? I get conflicting advice. Vanguard not too helpful either. My bank said that AMEX could mail me a check and if i redeposit within 60 days there is no tax on the amount. Other says direct transfer is only way.

Been looking forward to this since you announced on Monday's live show. Keep them coming Rob!

First! Only 44 seconds ago!

Thank you for explaining this.

Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.

What is the advantage of the cash management account over just using a Fidelity brokerage account as a checking account? With Fidelity, you can have multiple brokerage accounts and any of them can do what the cash management account does.

That's how I think about -- buckets (accounts). This is me, if you own stocks, they should be dividend paying stocks. The dividends can be paid to your brokerage cash account for that type of account. Once you hit your cash threshold for that account you flip the switch and reinvest. This money can be used to buy the dip or to supplement income as needed without selling parts of you core investments.

So helpful. Thank you.

Almost Every comment reply has someone saying some bogus planner has made them rich. Don’t talk to these people you heard about in the comment section. I know most of you wouldn’t fall for this but just in case, don’t give people your personal info online.

I’m 53, retired a while at 45. I have 35% of my capital investments in an IRA, 20% in index funds, and the balance spread across other investment accts, in cumulative of over $850K. Currently looking for more investment opportunities.

How about a video on VT and chill?

Every family has that one person who will break the family financial struggle, I hope you reading this become the one.

When you meant to say "this stems back to", you actually said "this STIMS back to". Why pronounce an e as if it is an i ?

BONDS! 😂

I switched over from Bank of America several months ago and love it. It's great that I can invest the cash in this account into anything I want so I don't have to be holding (worthless) cash (Making sure I leave enough withdrawable cash to cover bills!)

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

I’ve had Schwab & it’s great other than fractional ETFs, tried opening a Vanguard account, it had some weird “Plaid” bank confirmation thing where you use your bank login to verify yourself, for whatever reason it said I had to call in to finish setting up. Sticking with Schwaby Schwab

4 years into retirement. Age 70. Videos very helpful. Thanks.

Thanks for this heads up Rob. I should get a letter from this settlement and as with some of the other commentors, am not happy with Vanguard after being a customer for 25+ years with a not so insignificant amount in one of those target date funds (in a taxable account) but its better than nothing I suppose. Just this past month, I signed up with Empower and had them transfer and close my Vanguard accounts. I decided to take them up on a 4 month free, no obligation (month to month) trial period to see if its worth it to have someone else manage my accounts other than myself. I'll give them a year or so to see if its worth the money long term... apparently they use BNY Mellon as the investment institute.

From Vanguard’s perspective, the optics were terrible and optics are a huge deal in most juror’s minds.

Aren't dynamic withdrawal techniques already to prevent this?

Plaintiff attorney fees are disgraceful. 30%. "Standard number" and "no guarantee" are weak defenses. When 15% = $13MM I'd push to settle, too.

Thank you. Very comprehensive and easy to understand.

Vanguard should address the way that they threw many long term clients under the bus by raising the minimum fee on fund accounts to $5 Million! For someone with 4 accounts, taxable, IRA, SEP IRA, and Roth IRA, that adds up! As an act of good faith, they should roll back some or all these charges that many of us never had before, IMHO. This was not something Jack Bogle would approve of and is probably turning over in his grave!

I became part of the Massachusetts settlement a year ago, so I believe am no longer part of this class. Can you clarify that I am not? I would say I was made whole for the taxes I had to pay resulting from the distributions. I received the money in Dec 2023. In April 2024 I had to pay tax on the settlement money!

Should one be receiving notifications (Vanguard, counsel?) about being part of these suits? I too was clipped by these unexpected capital gains but have only been getting info/updates via this channel. Feel like my name may not be on the distribution list.

I held 2050 TDF an my ROTH IRA at vanguard am i eligible ?

Great videos. However, if someone is ignorant about or new to investment and company has a great plan, maxing a 401k (preferred a ROTH 401K) is not a bad option.

Shame on Vanguard for not having simply acknowledged its mistake and made its retail investors whole.

Thanks for the update, I will be submitting a claim when the time comes.

That really takes the passive out of passive investing.

If one was affected, as I was, how does one benefit by this suit??

Should i be worried? Rolled over a employer 401k to a vanguard target date fund 2030 in 2022....

“15% of your portfolio being too much in one business”, that is correct if you have no idea what you are doing. If you know what you are doing, then that statement is laughable.

Much appreciated on the updated followup, Rob!

Nothing surprises me with Vanguard, they only care about the big institutions and treat retail clients like garbage. They also abuse their employees.

Great Video Rob. I really like this format. I don't think you can ever go "in depth" enough! Early in the video you were worried about getting in the weeds. Get in there! :)

Don't lawyers usually take contingent cases with a very good chance of winning though? What percent of contingent cases are lost by the plaintiff?

I have owned Vanguard funds (but nver target date funds) for years. Since Vanguard is a mutal company owned by its investors, where does the settlement money come from? Does this mean Vanguard will have to raise fees?

In the last 5 years BND is down 13.78% and this is what should bring stability to our portfolio, I use SCHD instead of BND and in the same 5 years it is up 52.15% . Using portfolio Visualizer since 2015 BND worst year -13.11% compare to SCHD 5.56%. VXUS since 2011 is up 22.99% and VOO in the same period of time is up 433.41%. 41 years old I have a very simple portfolio 200K as 65% SnP500 25% SCHD and 10% Individual stocks (GOOGL, MSFT and JNJ) One year worth of expenses in our emergency fund. Love all the advice @RobBerger and really enjoy watching your videos, keep it up!!!

Rob, Great video content. Well explained. I actually use SPAXX too, along with Capital one that offered a similar rate. Good thing about Spaxx is you can invest in Stocks or ETFs, when you sell monies auto go back into SPAXX. In your Fidelity Roth or Traditional IRA you can also choose SPAXX, Trade in & out. Rich

I had the retirement target fund 2035 through work for quite some time but later switched to my own portfolio. I would not have a clue where to start if I qualified for any this.

Lump Sum vs. Monthly Pension - I just did this for greater than $2M, and I never imagined how stressful it would be. However, Rob did a great video on the psychology of receiving large lump sums of money. This decision requires an amazing amount of pre-planning. Best

What was Vanguard’s reasoning for making the changes they did to their target date retirement funds?

For the retirement spending do I enter the amount for me today at 50 or an estimate for the inflated amount when I retire at 65?

Rob,thanks for your great advice,I am not part of this litigation but have a substantial holding at V for 45 years. Because I self manage I am seriously considering moving to fidelity,the website is a powerhouse and V's is dull. Appreciate your brokerage comparisons,thanks