{"podcast":{"title":"Money Girl","slug":"money-girl-689731","podcast_index_feed_id":689731,"rss_url":"https://feeds.acast.com/public/shows/69c148bb1a160b44db9c8fcc","website_url":"https://www.quickanddirtytips.com/","image_url":"https://assets.pippa.io/shows/69c148bb1a160b44db9c8fcc/1774970200129-f6b38ffd-b4dc-400d-92fd-612f7f06a27f.jpeg","author":"Macmillan Holdings, LLC","episode_count":1036,"summary":"Laura Adams provides short and friendly personal finance, small business, real estate, and investing tips to help you live a richer life. Whether you're just starting out or are already a savvy investor, Money Girl's advice will point you in the right direction. Hosted on Acast. See acast.com/privacy for more information.","last_synced_at":"2026-08-02T08:20:25.671278+00:00","page_url":"https://stenobird.com/podcast/money-girl-689731"},"episode":{"title":"Should I consolidate old retirement plans?","slug":"should-i-consolidate-old-retirement-plans","published_at":"2026-07-31T09:00:00+00:00","page_url":"https://stenobird.com/podcast/money-girl-689731/should-i-consolidate-old-retirement-plans","show_page_url":"https://stenobird.com/podcast/money-girl-689731","url":"https://shows.acast.com/money-girl/episodes/should-i-consolidate-old-retirement-plans","audio_url":"https://sphinx.acast.com/p/open/s/69c148bb1a160b44db9c8fcc/e/6a6973a57e01e420e5e6c401/media.mp3","summary":"1039. Laura answers a listener’s question about managing multiple 401(k)s with her current and previous employers. Find out the pros and cons of holding old retirement plans, how to streamline your strategy, and simultaneously reach other financial goals, like homeownership. Key takeaways Consolidating old retirement plans into one low-cost IRA or your current employer’s plan simplifies your asset allocation and protects your retirement growth from redundant account fees. Always request a direct trustee-to-trustee rollover when moving funds between retirement accounts to eliminate the risk of missing the strict 60-day deadline. Workplace retirement plans offer federal protection against creditors with no dollar limit.  IRAs are protected by state-specific laws, making plan-to-plan rollovers an attractive choice for those prioritizing maximum creditor protection.  First-time homebuyers can withdraw up to $10,000 penalty-free (but not tax-free) from an IRA ($20,000 for qualifying married couples) for a primary residence. Early retirement withdrawals for a home down payment should generally be secondary to building a dedicated home down payment savings fund. Discover more from Money Girl! Facebook Money Girl Newsletter The Money Stack Newsletter Transcripts available at QuickandDirtyTips.com . Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308. Hosted on Acast. See acast.com/privacy for more information.","meta_description":"1039. Laura answers a listener’s question about managing multiple 401(k)s with her current and previous employers. Find out the pros and cons of holding o…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1256,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/money-girl-689731/episodes/should-i-consolidate-old-retirement-plans/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/money-girl-689731/should-i-consolidate-old-retirement-plans.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}