EGTRRA, which became effective for tax years beginning 2002, changed the rules to allow retirement account owners to move assets between regular (non-conduit) Traditional IRAs, 403(b) accounts, 457(b) accounts and qualified plans.
Many retirement account owners are now considering the allowable benefits of combining their retirement accounts.
They are telling me that if I consolidate into one of my rollover IRA's that I can only have Fidelity funds in that account.
Make it easier to keep your portfolio balanced and diversified when you consolidate with one company that offers a broad range of investment choices.
Dan’s thoughts can be found in bylined articles in most major publications for financial planners and a slew of financial planning related publications have featured him as one of America’s top advisors and was recently named one of "15 transformational advisers" by Investment News. Dan, I have Glioblastoma ( brain cancer) and have been disabled for two years now.
A past national President of the Financial Planning Association (FPA), his service to the profession includes three years on the CFP Board of Practice Standards crafting the standards to which all US CFP’s must adhere and serving as Chairman of the CFP Board’s Discipline and Ethics commission, the body that judges complaints against CFP licensees. S., Dan has spoken to planner groups on five continents and in recent years has led delegations of U. I retired the day of surgery and have been receiving Social Security. I also have a 401(k) through the company that I retired from.
My wife has the following 4 IRA accounts at Fidelity.
Rollover IRATraditional IRARollover IRARoth IRAIs there any disadvantage to combining the 2 Rollover and one Traditional IRA into 1 account?