The other policies have sent statements showing how they will liquidate the policies, but not the checks.
I have not received anything from the whole life policy, but was told verbally the request was received and will take about a week longer to process.
By the end of the day I expect to have $73,500 after paying about $9-$10k in various surrender charges.
I'll place the money in Vanguard's 2025 target retirement fund (VTTVX) of the next six months until we're ready to move forward with our formal asset allocation plan. The target mutal fund isn't perfect for a taxable account, but it is balanced and close to our general asset allocation (stocks vs bonds).
All my retirement acccounts will also be in Vanguard's 2025 target retirement fund - this will have several pluses and minuses:
- Consistent asset allocation throughout all accounts
- Balanced funds eliminate the need for annual or quarterly rebalancing
- Vanguard's target funds have dramatically lower expense ratios and no 12b1 fees
- Consolidates most of my holdings with one provider -helping me obtain lower costs (Vanguard tiers prices by assets with their firm)
- Simplifies reporting
Vanguard's 2025 target fund has a 0.2% expense ratio - one fifth (1/5) of similar funds at Schwab (SWERX)! Big difference.
Have a wonderful day,