I have a Merrill Edge account (balance about $140k) that was a rollover from a previous job. I am now a federal employee and have a TSP. I ported a smaller 401 balance straight from another previous employer into the TSP account to consolidate accounts when I first opened my TSP, and I'm wondering if I should do the same with the IRA? Is there something that I am getting out of maintaining the IRA (investment mix, ability to re-balance more easily, tax advantage, access to investment advice) that makes it worth the annoyance of having two accounts and paying fees twice? I am really a "set-it-and-forget" type of investor and would prefer to have everything in one account on some sort of pre-defined mix of investments based on my age (40). For what it's worth, combined income with spouse is about $285k. I am not sure what MAGI is (would have to look it up on last year's tax docs and spouse's income was about $25k lower last year anyways), but we both contribute max to 401ks, think mortgage interest from last year was maybe $20k (monthly pymt is $3200), fund 529s at about $2k a month (just started that this year), deduct $5k for dependent care, and flexible spending account for healthcare is about $1500. If there's any other information that would help someone answer this question, I'm happy to provide.
Thanks so much DCUM!