Seeking Advice on 401k:

In my previous company, I had vanguard for my 401k and after leaving the company, I opened up an rollover IRA with vanguard. Now, my current company’s 401k is with Merrill lynch. I was wondering if I should transfer the funds from vanguard in to Merrill lynch and keep both in to one account. Any advice on this? Does it make sense to consolidate them ?

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I would recommend keeping your Rollover IRA at Vanguard and your current 401k with Merrill. In general an IRA has more investment choices and flexibility and Vanguard funds/ETFs generally perform in the top quartile compared to their peers. Your choices may be limited with Merrill both in terms of fund options and higher fees.

I have a Vanguard Roll Over IRA and a Merrill 401k account through KPMG

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A financial advisor at Merrill would be happy to assist you in consolidating and rolling over to Merrill. Generally consolidate for ease of money management.

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I work with an advisor who I like you can DM me for contact info if you’re interested in a lead

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There could be a number of reasons -
1. What’s your investment mix? Target date funds? Mix of stocks and bonds? What’s the percent allocation between stocks and bonds ?
2. What specific funds / ETFs are you invested in?
3. The YTD return for the S&P 500 is -0.5% so you are actually beating the market by a whole percentage point.

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I ll reach out to a financial advisor at Merrill. Thank you!

Thank you for the suggestion D1. I ll take a look at the options before taking any action. Can I DM you to get some advice on the type of ETFs or funds to invest in? The return on my vanguard account been an increase of only .51% increase in past 7 months... if you have some tips or advice, I would love to discuss with you if you’re willing to chat

Yes. Absolutely any time

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