Wednesday, June 28, 2006

Too many accounts?

He Said

I think me and my better half are having too many investment account with little money in them. We got 2 Roth IRA accounts, 1 Roth 401K account, 1 ESPP account and 1 normal investment account. By next year we will have 2 401K accounts, 1 HSA account and 1 more normal account. Currently we deal with Vanguard (Roths IRA) and fidelity (Roth 401K, ESPP and normal account). I am thinking on starting an account with share builder too. I am not sure whether it is the right strategy to spread our little money across all these accounts. Only vanguard account seems to have the minimum restriction. Taking heed to the advice dont put all your eggs in one basket, i think we will have to live with these many accounts. The plan for the moment is to use automatic portfolio management except for 401K and normal investment account. For 1 roth IRA i decided to focus on symbol vhgex and for the other maybe total international stock index. roth 401 k would be managed using retirement plan year 2045 fund. My HSA account would most likely be automanaged. Comments anyone?

1 comment:

Kira said...

Well, you can't really put any of them together, since they are all different types, but I think it is fine the way it is. Just think of it as tax diversification. =)