By the time you get to retirement, it is not uncommon to have many different accounts at multiple

different institutions. And as you're going into retirement and you're trying to simplify things,

you likely are asking yourself, how do I begin the process of consolidating everything,

but do so without paying a bunch in taxes or penalties? Well, that's exactly what we're going to

go over on today's episode of Ready for Retirement. This is another episode of Ready for Retirement. I'm your host, James

Cannell, and I'm here to teach you how to get the most of the life with your money. And now,

on to the episode. Today's episode is going to be a response to a listener's question, and this listener's name is Tim.

Tim, thank you for submitting a question.

And Tim says the following.

He says, hi, and great podcast.

Thank you.

I am 60 years old, and I want to retire in the next two years.

I have investments in multiple institutions.

I would love to simplify and consolidate.

However, it seems I would get hammered with a large tax bill if I sell from one to bring

the funds to another.

What is a good strategy for consolidation?

This includes 401ks, Roth IRAs, and brokerage accounts.

Thank you, Tim.

And Tim, I'm real glad you asked this question because this is one of those things I take

for granted.

Having helped so many different people do this, there is a right way to do it.

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