Consolidating accounts
May 1, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Most have worked for different employers accumulating a 401K here, IRA there, a Roth and a brokerage account. In a 30 year work career, most have 6 or 7 jobs. Consolidating these accounts might be a wise thing to do,
V The benefits: savings of account fees, easier to oversee. In marriage, helpful to share so there are no surprises. Investigate. One 401K plan might have lower cost institutional shares and access to commission free trading. If you wish to do charitable giving tax free, those gifts should come from an IRA. Make sure benefits outweigh the costs of change.
M Another benefit, just the research brings your attention to stewardship of what God has given you. We learn and steward better.