Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone, welcome back to another episode of Ready for Retirement.

I'm your host, James Knoll.

And we have another listener question today that we're going to be walking through.

So let's jump into this.

The listener question is from Nath.

And Nath says, hi. First of all,

I would like to thank you for the great job you're doing with the podcast. Thank you, Nath.

I have learned a great deal. My wife and I have an assortment of investments from managed accounts to E-Trade, to IRA, to 401k, and 403B. They're with different companies. I know we should consolidate, but I don't want to put all my eggs in one basket.

So my question is, what suggestions do you have for managing all these different accounts?

Is there a program that can do this or a spreadsheet?

Any tips or tricks?

Thank you again.

Thank you, Nath for that question.

And at the end of the day, what Nath is asking is how do I consolidate? How do I organize and simplify what I have without running the risk of putting everything in one basket, aka what risk, or how do I protect against the risk of consolidating everything? So the way that we're going to approach this is there are three key risks that you want to make sure you're protecting against. And we're going to walk through how you can look to do each of those

while organizing and consolidating accounts to the best of your ability. Because the reality is,

when we have different accounts in different places, it becomes very hard to track what everything's

doing. It becomes hard to track what the value of everything is, what's going on in each account,

is there coordination happening between every account, and it just really starts to drain your

ability to keep a clear, firm grasp on everything you have going on. So the real problem,

...