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Financial Planning / Foolish 401(k)s


Subject:  how secure is the money in a 401k? Date:  6/2/2013  11:10 AM
Author:  ems79 Number:  25036 of 25618

If I have $1000 on deposit at a bank, and the bank fails, then the government / FDIC will step in and make sure that I have my $1000.

I was looking at my 401K account and got to thinking... what would happen if there were some scandal and Fidelity announced it was insolvent, such as a bank could if too many loans go bad, or every depositor suddenly