Best service to handle my retirement accounts while I'm away?

[Chas863]

Originally Posted by bpollen

I will not be able to handle my retirement accounts for some months in the future.. Can anyone recommend the best way for Schwab to take over my accounts for me? or should I set things up the way I like and leave it until the future?

There are robo programs, and then Schwab charges a large fee to take over professional management. Does anyone have experience with any of this?

This comes at such a bad time, when my TD Ameritrade accounts just rolled over to Schwab. I am sick and will not be able to focus on my investments at all. Even if I did, I wouldn't trust my judgment during this time, except some basic things I automatically do.

I'd appreciate any comments, especially from people who have gone through something similar.

If you are talking about brokerage accounts, it is very simple to set up buy and/or sell orders for each holding. In fact, you could have multiple buy and/or sell orders for each holding if/when it hits certain levels (either up or down).

Just be sure that you have enough money in the account that is attached to your brokerage account to cover any buy orders. The sell orders would typically be deposited in this same account if you want, but you could deposit the proceeds into a different account if you wish.

[bpollen]

Originally Posted by oneasterisk

Have you planned for the worse? If not, you may want to consider. Better to have it and not need situation.

I'm trying to. Thanks.

[bpollen]

Originally Posted by Florida2014

When you say "sick" are you comfortable sharing what that means? Are we talking gravely ill or something less serious? Because if this is a serious diagnosis you really do want to ensure all your beneficiary information is set up and, of course, ensure you have a will (or trust, depending on your situation) in place. Sorry to hear you're not well, hopefully it's not serious.

Yes. It's serious. And sudden. And a surprise. What they call an incidental finding. I'm not prepared with the legal documents or anything. So I'm having to do so many things at one time in a hurry. And I'm upset of course. I worked very hard all my life for what I have. My thoughts on my accounts were that I wanted to protect them. But I appreciate the sensible advice that I should set them up to be fine like they are, for the time being. Thank you.