Consolidating multiple iras

If you maintain multiple IRAs, it can be a challenge to decide how to make contributions such that you grow all of your accounts.

Beneficiaries should consider consulting with an expert in this area in order to preserve their inheritance for as long as possible.

For example, we might start a new 401(k) or other employer-sponsored retirement plan each time we change jobs.

Or we might open a new IRA in order to receive the benefit of a promotional offer that our broker is sponsoring.

Most employer-sponsored plans are severely limited in terms of available investment options.

Don’t overlook the fact that having to manage multiple IRAs can present you with a significant administrative burden.

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