Skip to main content
Should I consolidate my retirement accounts?

Here’s another “it depends” question. With most former employer retirement plan money, you have four choices about what to do with it – take the money, leave it where it is (if possible), roll it into another 401(k) (if possible), or roll it into an IRA.

By consolidating your retirement money into one account, you might:

  • Have better control of your overall asset allocation
  • Make your life easier with one statement
  • Have more investment choices
  • Save yourself money

The answer for you, though, is as unique as you are. And it's important to weigh any tax penalties or other consequences of consolidation. Your decision should only be made after talking to a trusted financial professional.