Should You Combine Old 401(k)s?

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Many people treat old retirement accounts like collectibles; every job leaves behind another 401(k) sitting somewhere in the background. But having multiple accounts doesn’t automatically mean better diversification. Steve explains why consolidating old 401(k)s into a rollover IRA could potentially create more flexibility in your retirement strategy. If you’ve changed jobs over the years and still have old retirement accounts scattered around, Steve helps you think through your next move.

Here’s some of what we discuss in this episode:

💼 401(k) Collecting: Many people unknowingly accumulate multiple old plans.

🧩 Hidden Overlap: Multiple accounts often hold the same investments.

📊 Tracking Problems: Old plans easily get forgotten or ignored.

🔄 Rollover Strategy: Consolidating accounts can simplify management.

🏦 Rollover IRA Benefits: Creates centralized oversight and more flexibility.

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Follow along on YouTube:  https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12

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