3 Reasons to Consolidate Your Retirement Accounts
Chances are, you'll probably hold quite a few jobs in your lifetime, and you may also accumulate several retirement accounts along the way. You're free to leave that money where it is when you head for greener pastures, but you can also consolidate your retirement accounts by rolling over old 401(k)s into your new 401(k) or into an IRA. Here are a few reasons consolidating your retirement accounts might be the better approach.
The most obvious reason for consolidating your retirement accounts is that it's easier to manage your savings when they're all together. You don't have to worry about forgetting about that old 401(k) from your first job 20 or 30 years ago or about not distributing your money appropriately across a variety of assets and sectors because you didn't realize what you already had. As you age, your risk tolerance will decline, and you'll have to readjust how your assets are allocated. This is easier if you can see everything in one place.
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Source Fool.com
