If you have multiple retirement accounts from previous employers it may be wise to consolidate them into one employer sponsored retirement plan or an IRA Rollover. Here's why:

1. Investment Selection - It is easier to monitor and adjust investments.

2. Beneficiary Designation - Beneficiaries are revised at major life changes such as marriage, divorce and death. You can overlook one if you have multiple accounts.

3. Statements - Fewer accounts means fewer statements.

4. Required Minimum Distributions - Having fewer accounts makes the calculation of required minimum distribution (RMD) easier.

5. Estate Administration - At death, fewer accounts makes transfers easier.