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Personal Finance Q&A: Risks of keeping entire nest egg at one brokerage
Personal Finance Q&A: Risks of keeping entire nest egg at one brokerage

Dear Liz: I recently retired at 56 and am receiving a pension. My wife is set to retire next year at 56 and will also receive a pension. I chose to leave my 401(k) in my employer's plan but am planning to consolidate it with my wife's 457 and four 403(b) accounts once she retires. We also have a portfolio of stock and bond mutual funds. I'd like to consolidate everything at one brokerage firm to simplify record keeping, but what's the level of risk of having all our investments with one company? We have about $3 million in assets total. Answer: You can't combine your retirement accounts with your wife's, but you certainly can move everything to a single...

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