Here is how I manage my accounts, but my strategy may be flawed: As a retiree, I set up multiple accounts at the same firm, keeping each one under the $500,000 SIPC limit. What do you think?

SIPC first divides up the broker’s remaining assets among investors, then uses its own funds — up to $500,000 per account, with a limit of $250,000 in cash — to buy the same number of shares ...

How much does SIPC cover? SIPC first returns your share of the broker's remaining assets, then uses its own funds (up to $500,000 per account, including a $100,000 limit on cash) to buy the same ...

There is also the question of an insured Securities Investor Protection Corp. limit of $500,000 per account. Would that not mean that more than one account is better?