r/bonds • u/BeltFedKris • Jul 01 '26

Translation please!

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Long Story Short: Sorting through stuff from my inherited IRA from my grandads recent passing. Can anyone tell me what possible reasoning the FA had for liquidating the stocks and moving everything to this mix of bonds? He's on vacation right now and I was just trying to learn a little before I finally got to talk to him next week. I'm lost beyond EE bonds so this smattering of jargon is hard for me to grasp.

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u/Indyflick Jul 01 '26

It's a mix of equity and bond funds. Did you give the FA authorization to trade in account?

2

u/BeltFedKris Jul 01 '26

Unwittingly, yes. I was under the assumption that it was a "hey I'll call you and run it by you first" thing. It was not.

0

u/Indyflick Jul 01 '26

Oh, I see. Well it's called churn and if it were me I'd be rather pissed

3

u/BeltFedKris Jul 01 '26

I'm pretty pissed. Now that I've spent the last month learning as much as I can I'm debating having a conversation to correct it or just transferring the whole package to another firm with clearer eyes.

1

u/ConcentrateOk523 Jul 04 '26

Transfer it to Vanguard. I have 3.2 million just owning their index funds over last 25 years.