Do You Have All Your Retirement Accounts With ONE Firm? (million, deposit)

[Lowexpectations]

Yes but not by choice it’s an employer requirement. My 401k is technically not held at the same place but could be impacted by an employer fallout

[randomparent]

Two. Husband's 401k is with a different firm than our other retirement accounts.

[ChessieMom]

Originally Posted by selhars

NOT including your ordinary banking: Do you have all your retirement assets with ONE firm, mutual fund company, or brokerage.

-- Yes, I have all my retirement accounts with ONE fund family or brokerage.
-- No, I have all my retirement accounts with TWO fund families or brokerages.
-- No, I have all my retirement accounts with THREE or more funds families or brokerages.

No. 3 firms.

[DaveinMtAiry]

So funny I found this thread. Just last night I was thinking how much of our money I have in Vanguard funds and wondered if that was at all risky. Not through Vanguard, through my 401 and Schaub accounts I just chose Vanguard funds for those selections.

[mathjak107]

It is not risky as much as it leaves you exposed if your account is locked for fraud like our fidelity account was. We had to find other sources of paying bills and trading for 2 weeks

[emcee squared]

Originally Posted by selhars

I'm all Vanguard.
But people have such nice things to say about Fidelity that I've always thought about giving them some action.

I like Fidelity a lot.

[CaptainNJ]

im pretty much all in fidelity. i have considered moving to jp morgan because i want to take advantage of a line of credit and whatever else i may be able to take advantage of. but i have about 14 years of history with fidelity and love their web site. so i lean against switching.

i havent really looking into it much. i wouldnt go if i was expected to pay a fee for management.

[mathjak107]

i gave chase about 6% of assets in my s&p 500 fund and got a private client account . i pay no fees at all

[GeoffD]

I'm spread around 6 different places. I really need to consolidate things.

[lieqiang]

Originally Posted by Quietude

Yes. The reasons to have these accounts in multiple places, given that they all working the same investment pool, are somewhere between prepper and worry wart.

Or availability of different account types.

We have most in one place, but didn't roll over the wife's 457 after we retired because we can access the funds without penalty before age 59.5 and it has a Stable Value Fund to keep cash that has much better returns than savings accounts or MMs.