Recently, we onboarded a new client who had investment accounts at 6 different financial institutions. This new client couple is approaching retirement and it was getting too complicated to track everything and there was no cohesive strategy across all of their accounts. They knew that when they make that transition into retirement in the next few years, that they didn’t want to worry about tracking different accounts spread out at different places, which was part of the reason why they decided to work with me, so I could implement a cohesive strategy and simplify their financial life. 

It was a bit of work to take inventory of the accounts, and although it took some legwork to rollover the old accounts and consolidate and simplify everything, it was well worth it in the end. 

So this week on the One Minute Retirement Tip podcast, I’m going to talk about 5 reasons why you should consolidate your old investment accounts, when to consolidate everything, and since it’s usually those old 401k and previous employer retirement accounts that are most often left behind and most easily forgotten and ignored, I’ll share with you a step-by-step process specific for consolidating those old workplace retirement plans into your IRA. 

I’m really excited to cover this topic and looking forward to spending this week with you! This is such a common problem I deal with and many people procrastinate for years on rolling over old 401ks and consolidating and simplifying their accounts. This is such a common problem that seems overwhelming, but doesn’t have to be! 

By the end of this week, you’ll see how easy it really is to consolidate your accounts and why you have no excuse anymore not to do it! 

Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance