Should I Consolidate My Retirement Accounts?

Consolidating these accounts can simplify your financial life, reduce administrative burden, and make it easier to maintain a coherent investment strategy and track your overall progress toward retirement goals. Fewer accounts also means fewer RMD calculations once you reach age 73, which reduces complexity and the risk of missing a distribution. On the other hand, there are situations where keeping accounts separate makes sense: some 401(k) plans offer institutional-class investment options with lower fees than retail IRAs, and certain employer plans provide additional legal protections from creditors that IRAs do not. Before consolidating, it is worth reviewing the investment quality and fees in each account, any unique plan features worth preserving, and the tax implications of any rollovers. At Moore Invested, we help clients evaluate their full account picture to determine when consolidation adds value and how to execute it efficiently.

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