dating ruconfirmation - Consolidating ira
By consolidating into a CNB Rollover IRA you will have access to a full range of investment vehicles at your disposal to create a well diversified asset allocation that best meets your personal risk tolerance and financial goals.
Do you have a 401(k) or similar qualified retirement plan with a former employer? With more and more Americans changing jobs and leaving their retirement investments behind in their former employer’s plan, it can be very frustrating to manage many different accounts.
Over time, you may even lose track of some of your older accounts.
Or perhaps you’ve rolled over 401(k) assets from former employers into a few IRAs. Fewer IRA accounts mean fewer administrative costs. Tired of filing and keeping track of those multiple statements? With fewer accounts, it becomes easier to track the performance of your investments. An IRA consolidation can also be a time to invest your IRA assets more conservatively than you did at midlife.
If you have seven IRAs, you could consolidate them into one or two accounts and rid yourself of the fees you would be paying annually to maintain the other five or six. Sometimes people don’t adjust the asset allocation of their IRA or 401(k) for years.
That calculation can be confusing when you have multiple accounts at different financial institutions.