Squared Away (CRR)

Stop Me Before I Open Another Account!

The article urges consumers to trim the growing tangle of credit‑card, bank, brokerage and retirement accounts that most Americans juggle. It highlights how the average U.S. adult now holds four credit cards and multiple savings, investment and inherited accounts, creating mental and administrative overload. By rolling old 401(k)s, IRAs and brokerage holdings into one or two custodians, investors gain clearer visibility, lower fees and avoid costly missed required minimum distributions. The piece reassures readers that custodians hold assets separately, so consolidation does not increase bankruptcy risk.