Consolidating multiple 401k accounts

Today's workforce changes jobs much more frequently than in the past.In fact, if you're in your twenties or thirties, you can expect to have at least four job changes in your first 10 years out of college.When that time comes, just be sure the other accounts you’re rolling the IRA into is the best plan of the batch.It should offer the widest investment selection, at the lowest price.

Their search engines are a good place to start looking for the right professional to help you.

It often happens as a result of job changes; you leave one job and roll an old 401(k) plan into an IRA.

Then you take another job with a 401(k), and maybe while you’re there you set up another IRA account, just because you can.

Before you do anything with your multiple 401(k) accounts, start by organizing all your information.

Create a simple spreadsheet so you can see everything at a glance.

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