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On the flip side, there are plenty of areas where a traditional IRA has a leg up on a 401(k) — that is, of course, why so many people roll a 401(k) into an IRA.
It also may allow your financial advisor to provide you with broader services and easily integrate your retirement accounts with a financial plan.
If you are a typical investor, you likely have three or four different retirement accounts.
If you are one of these people, consolidating your accounts may help you save time and may provide a more comprehensive view of your financial situation.
When you have multiple accounts, it can be more difficult to understand how much money you have and where it is.
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Many Americans own two or more 401(k) or IRA accounts.