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Elizabeth from NC, a new listener to "Jill on Money" kicked off the show with a multi-part question about her retirement accounts. We started with the best way to use her current plan and then moved onto old account consolidation and allocation.

Kevin from MI also had retirement account questions, because he is trying to juggle his 401K and his Roth contributions. (Check out Roth limits on the IRS web site.) Don't worry if you overfund your Roth, because the IRS allows you to remove the excess contribution by October 15 of the year following the year of contribution. If you do not remove the excess contribution (and the gains associated with it) by that date, you will be subject to a 6 percent excise tax on the excess contribution.

Paul from Buffalo was recently laid off and he wants to know whether at the ripe old age of 56, he has enough money to retire for good. I think he knew the answer to his question, but listen to the steps necessary to determine what he needs to do.

With four years to go before retirement, should Fay from KY pay down her mortgage? Here's your big hint: the only funds available are in retirement accounts!

Both Bill from AZ and Arthur from TX are in great shape for retirement. Bill has two old retirement plans that he wants to pass on to his kinds, while Arthur should have over $3 million in retirement assets when he retires in 5 years. Given his time horizon, it's a perfect time to meet with an advisor, preferably one who is a member of NAPFA.org. Finally, John from Seattle and his wife have $400 to put towards retirement and want to know where and how to invest it.

Here are web sites and resources mentioned in this week's show:

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Jill on Money: Retirement saving and investing