Hi. I am new to the site, and live in Maryland, having recently moved from Virginia.
Question regards three assets I have: 1) a 401k from an employer I left >10 yrs ago, 2) a traditional IRA, and 3) a SEP-IRA. I have kept these 3 assets separate for a long time. Do I need to continue to keep them separate? My sense after reading a slew of IRS pubs is that the IRAs can be combined, but I am less sure of the 401k.
I'm asking because I have started investing these assets in a vehicle that will charge me about $200/year for each account. Thus, having 1 versus 3 accounts amounts to a difference of $400/year.
Many thanks.
Question regards three assets I have: 1) a 401k from an employer I left >10 yrs ago, 2) a traditional IRA, and 3) a SEP-IRA. I have kept these 3 assets separate for a long time. Do I need to continue to keep them separate? My sense after reading a slew of IRS pubs is that the IRAs can be combined, but I am less sure of the 401k.
I'm asking because I have started investing these assets in a vehicle that will charge me about $200/year for each account. Thus, having 1 versus 3 accounts amounts to a difference of $400/year.
Many thanks.