Too Many Retirement Accounts? Here's What to Do...

Do you have old 401(k)s, multiple IRAs, a Roth account, maybe even an inherited IRA…and you’re not quite sure what to do with all of them?In this episode of The Perfect Retirement Plan?, we answer one of the most common retirement planning questions for people close to retirement: What do I do with all these retirement accounts?If you’ve changed jobs over the years, you may have accumulated multiple 401(k)s, 403(b)s, traditional IRAs, Roth IRAs, and possibly annuities. That’s not a mistake. But scattered accounts can create unnecessary complexity around required minimum distributions (RMDs), beneficiary designations, tax planning, Roth conversions, and estate strategy.Chapters:00:00 – “I keep retirement accounts everywhere…” 01:31 – Why this question is so common 02:57 – Real-life example: 5 employers, 5 plans 03:52 – 22 accounts and the legacy problem 05:46 – The “eggs in one basket” myth 07:40 – RMD rules and avoidable penalties 08:39 – Beneficiary forms override your will 10:01 – What simplification really means 12:24 – 3 practical action stepsIf you’re within 5–7 years of retirement, or already retired, this episode can help you simplify your retirement accounts, reduce tax risk, and create a clearer retirement income structure.Subscribe for clear, tax-smart retirement planning guidance designed for professionals nearing retirement. #RetirementPlanning #401kRollover #RetirementAccounts #RMDs Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.Phillip Smith, CRPC AIF |  Financial PlannerTidepool Wealth Strategies450 Country Club Road, Suite 350 | Eugene, OR | 97401____________________________________________________________________________________________Additional Disclosures: The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Wealth Services, LLC cannot guarantee or represent that it is accurate or complete.All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.