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It looks about right. But I would never trust a hardware wallet without a passphrase. Use Keypass with a key file and master password.

Store the database online and backedup. So that it's accessible on several devices. Optimize and harden your password vault against brute force attack.

It only takes about 30 seconds to access my passwords online. Even if I can't access them online I can access the local backup from one of many devices.

Of course my cold wallets are multisig too. For personal security. Would never trust single sig security for anything but pocket change..πŸ§‘πŸ˜ŠπŸš€β™ΎοΈπŸ—½

What aboutbpaper wallets?