In addition to being an employee I've also been self-employed. So, according to how much self-employment income I had in a given year I opened various retirement vehicles - Keough plan, SEP-IRA, SIMPLE IRA, Solo 401(k) - for whichever one would allow me the maximum contribution that year.KevinW wrote: ↑Tue Mar 24, 2020 1:40 pmSlow and steady wins the race. Usually when I'm rebalancing or doing account maintenance I only have one transaction per account "in the air" at a time, I fire one thing off, then a few business days do the next thing, etc. Under the PP ethos none of these things are really ever "urgent" so it's fine.
+1, I think it's wise to hold the fewest accounts possible. For most people that's 1) employer, 2) Roth IRA, 3) traditional IRA if applicable, 4) taxable if applicable. It simplifies a lot of things and helps with the account-minimum thresholds you were talking about.
Thus, already having ALL the four you named, I have all of those on top of those. Hence, nine separate accounts. Until now It's now really been an issue.
Vinny