and pension plans scattered all over, you may want to consider consolidating your accounts.
At Dedham Savings our SPF* Financial Representatives, Michael A.
An IRA consolidation strategy is suggested, and the section concludes with a three-step action plan for investors like Patrick.
In many cases, the answer is no, but there are a few things to consider such as the tax status of the investments you may own.
Consolidating your accounts can save time by reducing the number of accounts you have and need to track.
It also may allow your financial advisor to provide you with broader services and easily integrate your retirement accounts with a financial plan.
Consolidation may make it easier to allocate assets according to your investment strategy.
Seeing your entire portfolio in one place could reveal when you are too concentrated in one area of the market, and make it easier to adjust and fix these imbalances.
In addition, when you buy or sell an investment, a transaction fee may be charged.