Retirement is an opportunity to do away with some of the clutter in your life. Most people have collected a myriad of possessions over the years; and now is a good time to simplify your life. You can donate clothes and belongings you won’t need, hold a garage sale or pass items along to family and friends. You may find your home is too large with too much upkeep; time that you would rather spend doing something fun.
If you haven’t already done so, it is a good time to get rid of some of the financial clutter you may have accumulated over the years. Holding too many investment accounts is a waste of your time, and, possibly your money. It can be a real hassle dealing with many statements and different accounts.
If you have had more than one advisor during your accumulation years, you may decide to simplify things by consolidating your assets. You and your advisor can easily assess your financial situation and your progress towards your goals during this time of income generation and capital preservation by reducing the number of statements, possible multiple fees and overlap of investments.
Retirement brings different emotions to the forefront and with the right consolidation strategies, you will be on your way to a worry-free retirement.