re: Is there any reason to have an IRA and a 401k?

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I have a traditional IRA and a Roth IRA that I rolled over from my previous employers 401k.

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It's good to have a mix of traditional IRA and Roth. Think of Roth is 100% owned by you while traditional is 20% owned by the government (or whatever your tax rate will be).

As far as consolidating IRAs or 401Ks, that's up to you. It is easier to keep up with in one place. However, I've left a 401K in a former employer's fund because the investment options were so much better.