UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: RoadScholar5 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Regrouping Date: 3/8/2011 6:59 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I am standing upright and marching forward after surviving a few personal tragedies over the past few years.

That said, one of the first steps in this plan involves streamlining and toward that end, I am looking to consolidate various and sundry 401Ks and IRAs.

One 401K balance was low enough that it just made sense to roll it over into my TSP (Thrift Savings Plan - federal employee version of a 401k).

The other 401K is well into the 6 figures. It seems like an easy decision to roll it over into the TSP since the TSP has lower expenses but is there such a thing as too much consolidation?

I have a Traditional IRA and Roth IRA - haven't contributed to either for several years, for various reasons - but it may now be time to re-look at this - any thoughts on a conversion?

Also, wondering if I need the services of a professional?

Thanks, RS
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement