[QUOTE=BK001;1607395]I have some of our retirement 401k and 403b rollovers in Fidelity, Vanguard and Oppenheimer. To make things easier, I would like to consolidate and put all of our funds into one company.
We were told that even in the unlikely event that one of these firms went belly up we would not be hurt since we are not invested in these companies but in the underlying stocks, bonds and funds.
But I’d like other opinions, from a risk point of view, is there any reason why I should not do this?
Signed:
If i were you i would roll the 401k and 403b into an ira account through a major brokerage firm. That way you can manage your own investments. You are currently paying management fees to the 401 and 403 plans by consolidating to an ira accout you would only pay one management fee.
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