How to Clean Up Your Investment Portfolio Before Retirement

In an environment marked by continuously rising inflation data, rapidly rising interest rates, and freakishly low consumer sentiment, aspiring retirees have every reason to feel uneasy about the coming years. While a recession is by no means a guarantee, we are starting to see hallmarks of what could be a protracted period of economic slowdown. However, retirements will happen regardless, and it's best to understand how to manage such a period should one come to fruition.

Let's recap a few easy but impactful ways to shore up your retirement portfolio.

If you have old 401(k)s, IRAs, or other accounts at different institutions, retirement is a great time to merge similarly taxed accounts and commit to one or two financial institutions. Not only does this cut down on paperwork, tax forms, and passwords, but it's far easier to manage your investment and tax picture when you can see the whole thing from a single bird's-eye view.

Source Fool.com