Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Where to Consolidate
Old 09-05-2014, 07:43 AM   #1
Recycles dryer sheets
 
Join Date: Feb 2011
Location: Nottingham
Posts: 212
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?

Thanks

Kannon
kannon is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-05-2014, 08:04 AM   #2
Recycles dryer sheets
 
Join Date: Jul 2013
Posts: 385
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.
phil1ben is offline   Reply With Quote
Old 09-05-2014, 08:49 AM   #3
Recycles dryer sheets
jetpack's Avatar
 
Join Date: Aug 2013
Posts: 437
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
http://www.irs.gov/pub/irs-tege/rollover_chart.pdf

I still have various taxable accounts, but as long as they are no fee, I'm not as worried about them.
jetpack is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Consolidate or keep eggs in separate baskets? merlin3942 FIRE and Money 24 06-11-2014 02:16 PM
Consolidate or not? maxer FIRE and Money 4 10-04-2007 09:00 PM

» Quick Links

 
All times are GMT -6. The time now is 06:38 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.