How To Consolidate Your Retirement Accounts

Traditional IRAs can be consolidated into:

  • Another traditional IRA
  • Roth IRA *
  • SEP IRA
  • 401(k), 457(b), or 403(b)
  • Roth 401(k), 457(b), or 403(b) *

Roth IRAs can be consolidated into:

  • Another (different) Roth IRA *
  • Roth 401(k), 457(b), or 403(b) *

SIMPLE IRAs can be consolidated (after you’ve participated for a minimum of two years) into:

  • Rollover IRA
  • SIMPLE IRA
  • Roth IRA *
  • SEP IRA
  • Roth 401(k), 457(b), or 403(b) *
  • 401(k), 457(b), or 403(b)

SEP IRAs can be consolidated into:

  • Rollover IRA
  • Roth IRA *
  • Another SEP IRA
  • 401(k), 457(b), or 403(b)
  • Roth 401(k), 457(b), or 403(b) *

401(k), 403(b), or 457(b)s can be consolidated into:

  • Rollover IRA
  • Roth IRA *
  • SEP IRA
  • Another 401(k), 457(b), or 403(b)
  • Roth 401(k), 457(b), or 403(b) *

Roth 401(k), 403(b), or 457(b)s can be consolidated into:

  • Roth IRA
  • A different Roth 401(k), 457(b), or 403(b)

* Only if your adjusted gross income for the tax year does not exceed the maximum limits set by the IRS.

How to Consolidate Retirement Plans

If you’d like the simplicity of having just one retirement account, consider consolidating. The best way to get this done is to simply contact the firm you intend to consolidate into. Most companies and online brokerages have “consolidation specialists” on hand to guide you each step of the way and chances are you’ll simply have to fill out a few forms and answer a couple of questions. From there, the specialist can handle things.

Where Can You Consolidate?

For MAXIMUM flexibility and control, I would consolidate into an online brokerage such as: