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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.
I have most of my vast holdings at Fidelity. It helps me if I can see the majority of it on one statement. I've been with them since Peter Lynch was running Magellan.....that man made me a lot of money. When I call them for anything, they must be able to see when I first joined judging by my account number. I get some snappy salutes from the phone drones.
I have a small amount, just enough to make the minimum, with a Market Timer, the Chartist / Dan Sullivan. He has a pretty good track record over the long run. I try to mirror his position in the Fido accounts.
There's also some money in a CD Ladder and a Capital One Money Market, but that is the Break Glass Fund -- In Case of Emergency, Break Glass.
Last edited by FiveLoaves; 01-14-2018 at 10:26 AM..
Currently yes, but that's only over this last year and might not be the case much longer (I can't contain chaos for all that long). My husband is contemplating a position at a former employer and if he takes it I believe his 401k will be through Fidelity once more. I don't see any reason why I wouldn't roll his current 401k into the new Fidelity one, but I will probably keep the IRAs and our taxable at the current firm. Unless someone tells me that moving everything will hit a special spot with Fidelity that gets us free financial advising, but our investment portfolio isn't even $300k yet, so I seriously doubt it.
I used to have it all over the place, nowadays Fidelity fits just about all our needs. The older I get, the more desire I have to keep it as simple as possible.
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.
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