From the Wall Street Journal:
Keeping track of your finances in retirement can be a job in itself, and managing your investments is only a small part of it. Staying on top of basic tasks is tough, and if tax rules, technology, Medicare, Social Security and the markets keep changing, it will only get tougher.
You can’t do much about government policy or macroeconomics, but you can simplify your financial infrastructure by consolidating accounts…
It is common for people to have five or more investment accounts, such as a 401(k) or profit-sharing plan or two, a pension they rolled into an individual retirement account, a deductible IRA, a Roth IRA, an inherited IRA and perhaps even a lonely Keogh from a freelance stint in the 1980s.
You should consider rolling accounts that have the same tax-deferred treatment—pension rollovers, 401(k)s, regular IRAs, profit-sharing plans and Keoghs—into a single giant IRA.
We have commented about before and we discuss it in our book Before I Go, but it bears repeating because there always seem to be accounts that are not consolidated for reasons that are mostly simple inertia.