With all the bank failures, mergers, sales, and take overs we could relax as our Deposits, CD's, and Retirement accounts were insured by FDIC. But, now that they have been merged, swallowed, and assimilated it's time to make sure you're still insured.
My own accounts opened with WaMu are now part of "J P Morgan Chase" are still insured (hopefully), but that could change on at varied times depending on when they were opened.
Have you checked with your bank? Your bank doesn't need to be taken over for you to exceed insurance limits, your bank could have quietly acquired another bank or it's accounts that you have money in.
As long as I've got your thinking about your retirement accounts, are you directing yourself directed IRA's?
Bill
William J Archambault Jr
The Real Estate Investment Institute
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