{"id":136,"date":"2013-09-09T16:23:15","date_gmt":"2013-09-09T16:23:15","guid":{"rendered":"http:\/\/fredricksonfinancial.com\/blog\/?p=136"},"modified":"2013-09-09T16:23:15","modified_gmt":"2013-09-09T16:23:15","slug":"all-together-now","status":"publish","type":"post","link":"https:\/\/fredricksonfinancial.com\/blog\/all-together-now\/","title":{"rendered":"All together now"},"content":{"rendered":"<p>From time to time, I encounter people who have accounts spread out all over the place. They want to know if there are any advantages to consolidating them.<\/p>\n<p>With certain exceptions, it can be a good idea to bring the accounts together to simplify your life.<\/p>\n<p>Here are some of the reasons:<\/p>\n<ul>\n<li>Rebalancing may be easier because funds sold in one fund would be available to purchase a broader array of funds and potentially better funds.<\/li>\n<li>A higher amount to invest may provide access to lower-cost share classes for specific funds.<\/li>\n<li>Fund families often duplicate each other; for example, both Fidelity and Vanguard have low-cost index funds; it may not make sense to own essentially the same funds in different accounts.<\/li>\n<li>Life will be simpler when it comes to taking required distributions from IRAs. While the entirety of a required minimum distribution can be taken from only one IRA &#8211; i.e., you don&#8217;t have to take distributions proportionately from each account &#8211; the calculation of how much needs to be take out is applied to the totality of your IRAs.<\/li>\n<li>Fewer statements!<\/li>\n<\/ul>\n<p>But one thing to watch out for in taxable accounts is triggering gains when a fund is available in one family but not another and has to be sold to accommodate a transfer to a new custodian. The greater convenience of consolidating accounts may not be worth the tax hit.<\/p>\n<p>This article discusses some other reasons to consolidate your accounts and tips for simplifying your financial life.<\/p>\n<p><a title=\"Wall Street Journal article\" href=\"http:\/\/online.wsj.com\/article\/SB10001424127887323368704578593623209649596.html\" target=\"_blank\">Wall Street Journal article<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From time to time, I encounter people who have accounts spread out all over the place. They want to know if there are any advantages to consolidating them. With certain exceptions, it can be a good idea to bring the accounts together to simplify your life. Here are some of the reasons: Rebalancing may be&#8230; <a href=\"https:\/\/fredricksonfinancial.com\/blog\/all-together-now\/\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-136","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/posts\/136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/comments?post=136"}],"version-history":[{"count":3,"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/posts\/136\/revisions"}],"predecessor-version":[{"id":139,"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/posts\/136\/revisions\/139"}],"wp:attachment":[{"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/media?parent=136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/categories?post=136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fredricksonfinancial.com\/blog\/wp-json\/wp\/v2\/tags?post=136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}