Consolidating ira accounts
If you are a typical investor, you likely have three or four different retirement accounts.It is not unusual for someone who is making his or her annual contribution to open a new IRA each year with a different custodian.Many people do not realize that these funds can be rolled over to an existing IRA.Since company plans typically offer only a limited number of investment options, by rolling over you can increase your investment selection while reducing the number of accounts. Having multiple retirement accounts may cause you to have duplication in your portfolio where you may have similar investments with similar objectives.
If I consolidate into my Traditional IRA, I can have any funds in there. I'm planning to call again tomorrow and speak to someone different my customer service rep today had to continuously put me on hold to ask someone questions.
Dan’s thoughts can be found in bylined articles in most major publications for financial planners and a slew of financial planning related publications have featured him as one of America’s top advisors and was recently named one of "15 transformational advisers" by Investment News. Dan, I have Glioblastoma ( brain cancer) and have been disabled for two years now.
A past national President of the Financial Planning Association (FPA), his service to the profession includes three years on the CFP Board of Practice Standards crafting the standards to which all US CFP’s must adhere and serving as Chairman of the CFP Board’s Discipline and Ethics commission, the body that judges complaints against CFP licensees. S., Dan has spoken to planner groups on five continents and in recent years has led delegations of U. I retired the day of surgery and have been receiving Social Security. I also have a 401(k) through the company that I retired from.
Get more control and confidence too, especially when you consolidate with a company you can trust.
Keep your family more informed today and prevent sending your heirs on a financial scavenger hunt.