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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Those stats might not be accurate. Average 401k balance doesn’t mean total net worth.

I have a Roth IRA with only $7000 in it and another IRA with 60k. One of my 401k’s has 120k. Total net worth is in the millions. [/quote]

The you did save.  Not relevant.  Social security.  [/quote]

People these days job hop all the time so there aren’t very many people with huge 7 figure retirement accounts unless you consolidate them or stayed in the same job for 20 years [/quote]

It’s amateur hour not to roll over. Anyone who earns enough to reach 7 figures should be embarrassed [/quote]

+1. Ours have always been consolidated.  
Much better investment options that way, as well as who wants to keep track of "who is managing which 401k this year?"  [/quote]

I don't roll over and don't have trouble managing multiple 401ks. I have three and do different things with each one. It's a once yearly re-allocation (and many years I don't even re-allocate) which isn't exactly time consuming.

I like having one account that is more aggressive, one more conservative, and one where I experiment with diversification.

I also manage individual investments, an HYSA, a treasury Dept account, and have a bunch of different CDs. Again none of this is particularly hard, I actually enjoy doing it.[/quote]

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