DenverCraig
Dryer sheet aficionado
Hello!
I'm planning on retiring at 59 1/2, about 2 years from now. My plan will be to maintain a small handful of mutual funds distributed over 4 or 5 asset classes. Where I am right now is I have several "rollover IRA" accounts (401K's from companies that I've left) with one brokerage company. My question is, do I continue with several different accounts or merge them into one. Post retirement, I won't be contributing any more money, but I'll need to periodically rebalance to maintain my asset allocation. Is there a tax implication to rebalancing across different accounts? As in: I sell some shares of my bond fund, which is in one rollover IRA account, and buy more shares of the small cap value fund which is in another account. Seems like besides twice as many mouse clicks, it's six of one, half dozen of the other. Am I missing anything?
Thanks!
I'm planning on retiring at 59 1/2, about 2 years from now. My plan will be to maintain a small handful of mutual funds distributed over 4 or 5 asset classes. Where I am right now is I have several "rollover IRA" accounts (401K's from companies that I've left) with one brokerage company. My question is, do I continue with several different accounts or merge them into one. Post retirement, I won't be contributing any more money, but I'll need to periodically rebalance to maintain my asset allocation. Is there a tax implication to rebalancing across different accounts? As in: I sell some shares of my bond fund, which is in one rollover IRA account, and buy more shares of the small cap value fund which is in another account. Seems like besides twice as many mouse clicks, it's six of one, half dozen of the other. Am I missing anything?
Thanks!