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Personal Finance and Investing

mahatmakanejeeves

(60,969 posts)

1. In stocks or bonds? Not a chance.

Reply to question everything (Original post)

Thu Mar 16, 2023, 02:09 PM

Mar 2023

If you have money in a checking or savings account at a bank or credit union, then it's protected up to $250,000.

Everything else? You're on your own.

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19 replies

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Do retirement accounts have any protections the way the FDIC does for bank accounts? [View all] question everything Mar 2023 OP

In stocks or bonds? Not a chance. mahatmakanejeeves Mar 2023 #1

Thanks question everything Mar 2023 #2

That's not quite right. SIPC insures (from institution failure) up to $500K. spooky3 Mar 2023 #5

Oh, sorry. Good point. mahatmakanejeeves Mar 2023 #7

Mine is in a FDIC insured CD CountAllVotes Mar 2023 #3

I have a Discover Savings IRA SheltieLover Mar 2023 #4

Yes, if your brokerage/mutual fund house is SIPC-insured, up to $500K. spooky3 Mar 2023 #6

Thanks. We did nothing in 1987, 2002 or 2008. Just rode it and the values recovered question everything Mar 2023 #8

In 87 I rode it out and recovered in a short time. multigraincracker Mar 2023 #18

Stock market "investing" is like going to a casino that's rigged in the house's favor blah blah progree Mar 2023 #9

Thank you for a most interesting and detailed summary question everything Mar 2023 #12

Oh, to answer your question, I'm not aware of anything that offers more protection to retirement progree Mar 2023 #10

Will be interesting if Vanguard will email the details. question everything Mar 2023 #13

Where wealthy investors are putting their cash after SVB collapse, CNBC progree Mar 2023 #11

Mindful of several ideas bucolic_frolic Mar 2023 #14

If only I could time the markets (or find someone who could), I would do so progree Mar 2023 #15

We've had this argument before bucolic_frolic Mar 2023 #16

Yes, I remember progree Mar 2023 #17

You are right. PoindexterOglethorpe Mar 2023 #19