5 ms·
I completely agree, but having your life savings under the same login as your checking account is insanity. Maybe I'm overly paranoid but I wouldn't even log in
by buckminster 7y ago
I completely agree, but having your life savings under the same login as your checking account is insanity. Maybe I'm overly paranoid but I wouldn't even log in to my broker from my phone.
- greenyoda 7y agoYou also might not want to keep your entire life savings in a single account. It's convenient, but also a single point of failure. And if your life savings gets big enough, it might exceed the account balances that are protected by FDIC ($250K) or SIPC ($500K, I think).