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Subject:  Re: how secure is the money in a 401k? Date:  6/2/2013  2:31 PM
Author:  pauleckler Number:  25037 of 25618

Events like 911 or Sandy remind us that major unanticipated events could conceivable shut down major players on Wall Street, for example. One would hope their records have good backup systems off site making it possible to reconstruct their records within hours if not sooner. But did they think big enough? What about a major earthquake or nuclear war? Ouch.

Yes, SIPC protects your assets in a brokerage account. At some point some level of diversification adds peace of mind and gives you more choices in an emergency. Let's hope the need does not arise.

Runs on the bank are not usually a problem for brokerage firms or mutual fund companies like Fidelity. Cash withdrawals force them to sell the stock i