Is it Safe to Have All Your Savings With One Brokerage Firm? SIPC, other protections for investors

If you are like most retirees, you have consolidated accounts into one large IRA at a single brokerage firm.
While it may seem nerve wracking to have all your money "under one roof", you should know that there are many protections that exist to protect investors like yourself.
We also look at real examples in the past where large brokerage firms have failed. For example, in 2008 Lehman Brothers brokerage firm had nearly $190 billion in assets (as big as Robinhood brokerage in 2024) when it failed. We show what happened to investors who had their money in Lehman brokerage accounts.
We also cover what happens to your mutual fund and ETF investments if the fund company fails.
Lastly, we cover SIPC insurance. Detailing what SIPC actually covers, and what it does NOT cover.