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So if you’re FDIC insured up to $250k, what happens if you have retirement accounts over that? I don’t, but hypothetically let’s say I had $300k in a Roth IRA in Fidelity. Should you split it in half and take $150k to Vanguard or somewhere else? Do people really do that, like if you were getting close to retirement and had $1m+ of investments, it would be split among 4 or 5 banks? What if it was an employer 401k where you may not be able to choose the bank?
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Mar 11, 2023 22:56
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i like nice words
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| # ¿ May 10, 2024 08:59 |
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I don’t know anything but what I’ve googled, but it looks like a bunch of retirement account types including Roth IRAs are FDIC insured https://www.fdic.gov/resources/deposit-insurance/diguidebankers/certain-retirement/index.html
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Mar 11, 2023 23:29
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I have “good” insurance, but a trip to the ER with covid-related heart pain still cost me north of $1k  Verdict was “yeah it just happens sometimes, we dunno, nothing to be done”
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Jun 22, 2023 01:05
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Just in case it’s crossing her mind, structuring deposits is itself a felony and you will get caught, so be sure she doesn’t try that
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Aug 4, 2023 10:38
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One thing to consider is that while in retirement you might not need all the latest gadgets or kid supplies, medical expenses can be pretty killer. I also always heard that your expenses go way down just due to not having to work — stuff like not needing office clothes or lunches — but wfh has shown me it’s not that huge a difference. What are you invested in? The market overall hasn’t been so bad (unless you bought everything in Nov 2021 ig) — here’s the last three years for me. Anne Whateley fucked around with this message at 17:58 on Oct 17, 2023 |
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Oct 17, 2023 17:56
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Ymmv but I went with a brokerage account buying USFR instead because of this tl;dr post. Like it says, this is not for long-term and won’t be ideal if interest rates go low again, but it seems like a very good expected rate with minimal hassle for now.
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Feb 2, 2024 18:49
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94% retirement 3% emergency fund 3% cash oops?
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Mar 21, 2024 01:01
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| # ¿ May 10, 2024 08:59 |
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Strong Sauce posted:how are you guys pulling those numbers.. do you already have all your assets in a spreadsheet.. should i be doing that..?  that seriously. I definitely do not gently caress with any manual spreadsheets
Anne Whateley fucked around with this message at 04:39 on Mar 21, 2024 |
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Mar 21, 2024 04:37
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