Recently, my wife and I sat down with a financial planner to review and update our financial plans. Doing so brought with it a bit of personal trepidation because, being "in the business," I not only had a working knowledge of what needed to be done, I also had a pretty good sense of what hadn't been done, and what hadn't been done the way it should have been done in some time.
As I surrendered copies of the statements from my three separate 401(k) accounts, rollover IRA, traditional IRA, and SEP-IRA, I found myself wondering (again) why I hadn't gotten around to consolidating some of those accounts.
More and more Americans are finding themselves with multiple savings accounts, not only because of the relatively consistent pattern of job change in the American economy, but because those job changes frequently result in rollovers to individual retirement accounts.
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