REQ ADVICE: Consolidating 401k, IRA's, etc.
REQUEST ADVICE: Consolidating 401k's , IRA's, etc.
Greetings everyone. I'm a newbie on this forum and think it's a great resource of info for folks like me. I'm no expert on investing.... I just have some knowledge about things... but will admit there's a lot of stuff (probably basic stuff too ) that I don't have a good handle on; hence my joining this forum and asking for advice.
My wife and I have participated in IRA's, 401k's etc. through the years.
My portfolio is pretty streamlined but hers is pretty spread out due to all the company changes & jobs she's had in the past 20 yrs. She has expressed an interest in consolidating her 401ks / IRA's into something a bit more manageable AND make sure she's got the right mix of funds.
I know enough to be dangerous so I need some advice. What's the best way for us to look at these? Any tips would be helpful. Talk to me like I don't know anything about Morningstar or C/E, E/R, or whatever. But please make it basic...I'm thick-headed and it takes awhile for a lightbulb to go on sometimes.