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Where to Consolidate
Old 09-05-2014, 07:43 AM   #1
Recycles dryer sheets
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Where to Consolidate

Morning FIRE's -

I am fast approaching retirement 31 Dec 14. Have a variety of CDs, IRAs, 401's, checking, savings accounts. Want to simplify into minimal accounts. May not be able to move my federal TSP/401 (just real low admin fees that make it worth keeping) but would like to minimize accounts.

Was interested in what others are doing and with who - Schwabs? Fidelity? ...

Also - going to a Ric Edleman session this Tuesday - sure i will get advice on moving our assets there. Any one using Ric Edelman?



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Old 09-05-2014, 08:04 AM   #2
Recycles dryer sheets
Join Date: Jul 2013
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I have accounts with both Schwab and Fidelity. I find them virtually the same. I use Schwab for stocks and Fidelity for municipal bonds. I trade both for my own account and have grown comfortable with both platforms. You will not go wrong with either.

If it is a coin toss, might suggest choosing the one with the closest office so that you can speak to a human face to face if the need ever arises.

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Old 09-05-2014, 08:49 AM   #3
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Join Date: Aug 2013
Posts: 347
I recently consolidated my IRAs to Vanguard. The process was pretty simple, can
now I can buy low fee Vanguard funds.

I found this handy rollover chart from the IRS to see which accounts can be combined

I still have various taxable accounts, but as long as they are no fee, I'm not as worried about them.
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