How many different accounts do you maintain?

[kz]

Edward Jones Stock Portfolio. (5 stocks)
Drip Plan thru GE.
457 account (mine)
457 account (hubby's)
Roth IRA thru AIM investments (mine)
Roth IRA thru AIM investments (hubby's)

Credit Union accounts:
One joing checking account.
Two individual savings accounts.
One joint money market account.
Five long-term CDs. (four are Roths)
Monthly purchase of I-Bonds.

Will be adding Drip plan thru Pepsi in a month.

 

[mickeyd]

I have :

IRA (RO): 6 different funds (70/30 stk/bnd)
Roth IRA: 3 different funds (TSM, REIT, INT)


Spouse has:
403(b) account: S&P 500  MF act
IRA (RO) account: S&P 500 MF act
Roth account: S&P 500  MF act

Joint:
Taxable accounts: 2 MMF, 1 checking account, 1 Vangard TSM account

 

[uncledrz]

I guess I should have titled this thread "What might be good reasons for spreading out your stash in more than one account?"

So that if there is a problem with one account you have the funds available to live, conduct your affairs and get the matter straightened out without financial pressure of not having your funds available.
Also harder for thieves to steal from multilpe accounts.

 

[Spanky]

We have many accounts (over 20?) but only 5 institutions.

1. TCF (local bank)
2. Vangaurd (IRA, RIRA, saving)
3. Fidelity (IRA, RIRA, saving)
4. Smith & Barney (401K)
5. E*Trade (play money - day trading)

 

[MJ]

I currently am doing business over 14 financial institutions with numerous CDs, a few CCs and several mutual funds. If it wasn't for my excel spreadsheet, I would feel like a squirrel burying nuts over a large area and not having a map to locate them.

MJ

 

[SteveR]

I currently am doing business over 14 financial institutions with numerous CDs, a few CCs and several mutual funds. If it wasn't for my excel spreadsheet, I would feel like a squirrel burying nuts over a large area and not having a map to locate them. 

MJ 

They do sort of add up after a while don't they? I didn't add up the different institutions but with my mom's stuff and mine it adds up to near 20. I have internet access to most of it so my password list is extensive. If I ever lose it or get amnesia my family is screwed since almost all my statements are on line.

DW knows where the back up list is so she could at least find all the account but it is a pain to keep up with them. One of my projects this year is to try to simplify all this by reducing the number of places the "nuts" are buried.

 

[astromeria]

Banks (11 accts)--1 checking, 2 MM, 8 CDs
Brokerage (8 accts)--3 taxable, 2 Roths, 3 rollover IRAs

 

[FreeBird]

• Checking: Bank of America (initial nesting point)
  
• American Funds: Washington Mutual & New Perspective
• American Funds IRA: Washington Mutual
• Vanguard IRA: Target Retirement 2025
• Treasury Direct: T-Notes & T-Bill's
• Edward Jone's: T-Bond via secondary market.
• Emigrant Direct: American Dream Savings Account
• Valic: Employer's 403b

I'm a little spread out but have always felt comfortable with it and I agree that some diversity among firms at least adds some level of a psychological safety net in my own head, even if it ain't really so.

As for the high load American Funds, I began those back in the late 80's when I didn't know better but after spending months studying this board I've just opened my first Vanguard account!! I will keep the American Funds in place since the load has already been paid  but further IRA's will be directed at Vanguard- I will turn 50 this year so that $5,000.00 investment will give me an extra $225.00 to work for "ME" at my current 4.5% load level at American!! Oh, yeah!!

 

[MooreBonds]

2 Checking Accounts (one about to close)
1 MM Account (about to close)
3 Taxable accounts w/ 3 discount brokers
19 DRIPs
2 Annuities
2 SEP IRAs
1 ROTH IRA
1 Mutual Fund account
1 HSA Investment Account
1 Timberland investment (tropicalhardwoods.com Yes, I know, it's questionable )
1 Private Oil Well investment (uncle started it, sold me a stake)