Jill on Money with Jill Schlesinger Should I Combine Accounts?
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Aug 26, 2025 Listeners grapple with the question of whether to consolidate multiple retirement accounts as they approach retirement. The discussion delves into smart investment strategies and practical tips for managing finances in this new phase. Audience engagement is emphasized, with a call for suggestions on future topics. Plus, a spotlight on Shopify reveals how it can help aspiring entrepreneurs kickstart their online ventures.
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Consolidation Simplifies Retirement Planning
- Consolidating accounts reduces complexity and unlocks access to cheaper, self-directed index fund choices.
- Using one low-cost provider can also make tax and withdrawal planning easier in retirement.
Consolidate Into One Low-Cost Provider
- Combine retirement accounts when possible to simplify management and access cheaper index funds.
- Roll smaller 401(k) into the larger plan at a firm like Vanguard, Fidelity, Schwab, or T. Rowe Price to self-direct into low-cost index funds.
Prefer DIY With Low-Cost Index Funds
- Use a firm that offers cheap index funds and optional robo or advisor help when you want guidance.
- Decline paid advisor pitches if you prefer DIY and can access low-cost funds at major brokerages.