Newbie question of the day:
Should I have any concerns about holding my entire nest egg with one financial services firm, which in my case is Schwab? I do have a high-interest savings and a checking account elsewhere. I can't imagine Schwab going belly up or experiencing some kind of catastrophe or hacking that prevents clients from accessing their accounts for any significant amount of time, but I suppose nothing is impossible.
Should I have any concerns about holding my entire nest egg with one financial services firm, which in my case is Schwab? I do have a high-interest savings and a checking account elsewhere. I can't imagine Schwab going belly up or experiencing some kind of catastrophe or hacking that prevents clients from accessing their accounts for any significant amount of time, but I suppose nothing is impossible.