Tired of all the paperwork and confusion when looking over your savings, investments and retirement accounts? It is so easy to just give up, but it is not the wisest to your pocketbook.

This month is the time to review and simplify your financial accounts. Do you have multiple mutual funds? Most importantly, look at how these funds are invested and how diverse is your portfolio. Is it time to re-balance or consolidate for a wiser, safer balance for your funds?

Do you have accounts at several providers and would consolidating them at one or two companies be wise? The benefits include lower account fees and fewer, less confusing statements (at least you only have to learn to read one style of statement this way :).

Take a look at your 401(k)s if you have several previous employers and consider rolling them over into one IRA. Seek advice on the best method to accomplish this rollover to avoid a tax bill.

More WFMW tips here…