Having your accounts in one place can be helpful as you develop an income strategy for when you leave the workforce.

Wisdom compares life to a journey – it’s also apt for retirement. Retirement is more like a decades-long odyssey around the world than a summer spent learning to sail. Careful planning tantamount to living comfortably and not running out of money.

Alternatives can offer diversification for an individual’s portfolio—as well as exposure to private markets—but they are complex.