Rollover Now 401k advice
If diversity in your portfolio holdings is a good idea, why would consolidating your retirement accounts with one custodian also be a good idea? All your eggs in one basket does not seem safe and the benefits quoted seem minor compared to the potential risk.
Terry Says
If you stick with a major firm like Fidelity, Vanguard or Schwab you don’t have to worry. SIPC insures your account against fraud for $500,000. There is no insurance for market losses based on bad investments! And if something happens to these major players, Americans have a lot more to worry about than their retirement balances!!
I’m assuming that you don’t have millions in old accounts that you’ve “forgotten” about and need to roll over!
