Early Retirement & Financial Independence Community - View Single Post - Having all of your money at one brokerage

Maurice · 02-06-2008, 06:47 AM

I understand your concern. So far I've been able to keep individual accounts below the 500k SIPC limit. I have a vanguard account but I also buy vanguard through my etrade accounts (of which my wife and I have 5 - one joint, one IRA for me, a traditional, roth, and SEP IRA for her). I still get BrownCo pricing so I can buy a vanguard fund for $5.

I've been able to keep each account below 500k without going out of my way to do so. In a year I have about 1.5MM worth of stock in myold ocmpany that gets unlocked, after which I'll be distributing that through exisiting taxable accounts. At that point I'll probably broach the 500k limit on a couple of my accounts.

02-06-2008, 06:47 AM	#4
Maurice Full time employment: Posting here. Join Date: Oct 2007 Location: New York Posts: 739	I understand your concern. So far I've been able to keep individual accounts below the 500k SIPC limit. I have a vanguard account but I also buy vanguard through my etrade accounts (of which my wife and I have 5 - one joint, one IRA for me, a traditional, roth, and SEP IRA for her). I still get BrownCo pricing so I can buy a vanguard fund for $5. I've been able to keep each account below 500k without going out of my way to do so. In a year I have about 1.5MM worth of stock in myold ocmpany that gets unlocked, after which I'll be distributing that through exisiting taxable accounts. At that point I'll probably broach the 500k limit on a couple of my accounts. __________________ Money's just something you need in case you don't die tomorrow.