Simplifying accounts

[misanman]

DW and I have everything except checking at Fidelity. Separate accounts but accessible from either login.

 

[sengsational]

Separate HSA: Cheaper
Separate 401k: Stable Value Available
Separate trading account: Cheaper xactions
Separate savings account: Better APR without games
Two financial houses: In case of one having a glitch at the wrong time
Separate checking accounts: to keep my sanity


That's as simple as it gets, lol!

 

[DEC-1982]

Apart from "cash", all our financial assets are at Vanguard. I don't worry about it being concentrated.

Trying to make it easier for the family, we have reduced the number of funds this year from 7 to 3.

 

[ERD50]

Don't forget it also makes it easier on your heirs.

Or if someone else has to manage your finances.

I'm caregiver for a loved one & have found accounts left open at different places with $5 or $10 left in them...I think I've finally found them all & am consolidating to one financial institution.

+1

I found CD (and local banks in general), to be the worst when helping to settle my FIL's estate. Each CD had to be dealt with on its own. Then you have the maturity dates to deal with, so timing is messy, and decisions to make.

-ERD50