3 ms·
You 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 get
by greenyoda 7y ago
You 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).