Should I Consolidate My IRAs?

When you have multiple IRAs, managing them across different platforms and figuring out your RMDs for each account can be a little bit tricky. So what’s the best way to manage these accounts? Should you consider consolidating your IRAs?

Today’s featured question comes from a comment left on one of our previous videos so thank you for the contribution. Here is the question John will answer:

We have multiple IRAs set up over the years as different approaches appealed each year. Would you recommend consolidating all those IRAs to one account? Would it matter if we were taking RMDs or not in your answer?

Join us to hear strategies for consolidating IRAs, some benefits to simplifying your accounts, and best practices for navigating your RMDs. By simplifying your accounts and understanding the true nature of diversification, you can streamline your retirement planning and make informed decisions.

 

Here’s what we discuss in this episode:

0:00 - Intro

1:24 - Consolidating IRAs

8:27 – Old IRAs and 401(k)s

 

Connect with us:

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446