iDeCo and NISA on same company

[JimNasium]

Hey, first post here. I’m super excited to start saving for retirement, and this forum has been a lifesaver. I’m sure I’ll have 100 questions later, but for now I just have one.

Is there any advantages or drawbacks on having your iDeCo and NISA (Tsumitate) with the same company?

[RetireJapan]

Welcome to the forum!

Advantages: same login (although some companies have separate login for iDeCo), only need to learn one website
Disadvantages: slight risk of having your account hacked and minimal risk of broker going bust or going down

Basically personal preference based on how lazy/paranoid you are.

[Roger Van Zant]

One company might not provide the funds the way you want to invest in them.
For example, I invest into the eMaxis Slim All Country fund through both my iDeCo and my tsumitate-NISA. The iDeCo is through Monex, and the tsumitate-NISA is through SBI. SBI doesn't offer the eMaxis All Country through iDeCo.
That's why I use more than one company.

[adamu]

I have everything at SBI, but the iDeCo is a completely separate system and may as well be a different company. So for SBI at least, there is no benefit to having both accounts with them.

[JimNasium]

Thanks everyone for your replies. I guess it would also speed up the approval process for your NISA if you already had an iDeCo account.

[RetireJapan]

Both NISA and iDeCo need to be approved by the government, so I doubt having an existing account would make much difference.

Application form would probably be easier though

[_ouch_]

Hi all! Jumping on this to ask a similar question.

Does Monex service the iDeCo as well as NISA? I'd prefer to just use one company to invest eMaxis Slim All Country for iDeCo and NISA, but I haven't seen any talk about Monex and NISA...

[beanhead]

Hi all! Jumping on this to ask a similar question.

Does Monex service the iDeCo as well as NISA? I'd prefer to just use one company to invest eMaxis Slim All Country for iDeCo and NISA, but I haven't seen any talk about Monex and NISA...

Yep.
https://info.monex.co.jp/ideco/index.html