Yes it does!

You’ll need extra retirement accounts, but you should be able to keep them in the same bank as your checking and savings account. That way when you log in, you see most, if not all of your money.

It makes life so much easier!

I knew someone would add a comment like this. I wanted to write more about owning multiple accounts, but I thought it would muddy the waters.

You are right. We cannot consolidate everything, and my husband and I also own bank accounts that we cannot merge.

We each have a traditional IRA, Roth IRA, and even a non-deductible IRA, but they all reside in the same place as our savings, checking, and brokerage account. We own 529s, an HSA, and a 401k account that our primary bank cannot support.

In a perfect world, these would all be in the same place, but unfortunately, it’s impossible. I only look at those three accounts once or twice a year. We reinvest dividends and have a pretty accurate idea of how much is in them without looking. I don’t tap the accounts right now, so I’m not worried about keeping an eye on them more frequently than that.