303: Should You Consolidate Retirement Accounts? (401k & IRA Explained)

If you have retirement savings spread across multiple 401(k)s, IRAs, or old employer plans, you’re not alone.In fact, it often means you’ve had a successful and dynamic career.But at some point, the question comes up:Should you consolidate your retirement accounts?I walk through when consolidating makes sense — and when it doesn’t — so you can make a more informed, strategic decision.You’ll learn:The real benefits of consolidating retirement accountsWhen keeping accounts separate may actually be betterHow fees, investment options, and flexibility impact your decisionWhat to consider before rolling over a 401(k) into an IRAWhy consolidation is about strategy — not just simplicityFor many high-income professionals, the goal isn’t just to simplify — it’s to create a coordinated investment strategy that aligns with your long-term plan.If you’re evaluating old 401(k)s, IRAs, or thinking about working with a financial advisor to organize your retirement strategy, this conversation will help you think more clearly about your options.Key Takeaways1:19 The benefits of consolidating4:00 When NOT to consolidate5:52 What problem are you trying to solve?Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/should-you-consolidate-retirement-accounts Follow Hilary on:LinkedInInstagramYouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.