Adding a hardware key, like Nitrokey, would be an additional level of safety there. I would not use the database without some kind of additional key (something you know and something you physically have).

If there's something nefarious that has user access, you've already lost in that regard.

Technically you do lose the second factor, but nowadays 2FA is often mandatory or they force some crap like SMS/email verification onto you. If you are aware of the risk then it isn't a huge deal.

Though you might want to consider not using it at least for the most important stuff like banking (here you don't even have an option; banks have their own 2FA apps that you have to use) and primary/recovery email.