[buckminster]

I completely agree, but having your life savings under the same login as your checking account is insanity. Maybe I'm overly paranoid but I wouldn't even log in to my broker from my phone.

[greenyoda]

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).