My husband and I are 69 and 65. I have 4 different retirement accounts from previous employers, which we are keeping for extras later on. We just received an inheritance of $100,000. We plan to pay off our parent loans of $50K, 7% interest and put the rest away. First, paying off the loan makes sense to us; does it seem to make sense from a financial point of view? Secondly, should we add the remaining inheritance to an existing account, or should we open a new one? I've never merged them because I just never bothered with them. Thirdly, does it make any sense to merge all of them together? Thanks.