Part 2 of 2
How to streamline your retirement planning by decluttering and consolidating accounts with Morningstar’s retirement guru, Christine Benz.
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SAFE RETIREMENT WITHDRAWAL STRATEGIES
In the spirit of streamlining your investment decisions, Christine Benz is sharing her minimalist model portfolios with us, covering every stage of investor, from young savers to retirees.
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CHRISTINE BENZ
- Director of Personal Finance and Retirement Planning, Morningstar
ACTION POINT
STREAMLINE YOUR PORTFOLIO
- Identify & locate your accounts – most of us have multiple ones.
- Separate tax-deferred accounts from taxable ones
- If possible, consolidate tax-deferred ones into a single IRA.
- Multiple Roth IRAs can be combined into one large Roth.
- Consolidate taxable accounts
- If possible, put consolidated accounts in one firm to make tracking performance, income & taxes much easier.
BOOKSHELF
ONE INVESTMENT
BENZ: ONE-AND-DONE INTERNATIONAL PORTFOLIO
Buy Vanguard Total International Stock Index Fund
- Vanguard Total International Stock ETF (VXUS)
- Vanguard Total International Stock mutual fund (VTIAX)
FROM THE ARCHIVE
Christine Benz from the WEALTHTRACK Archives:
WEB EXTRA
ONE-WORD RESOLUTION
Christine Benz is not big on New Year’s resolutions, but this year, she changed her mind with a twist. She chose one word.