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Author: DrTarr Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35468  
Subject: Re: FDIC Insurance reform Date: 2/12/2006 1:51 PM
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Yes, we have to wait for five years for the inflation adjusting on the regular accounts, but at least they're now adjusted. The real nice bonus is the retirement accounts - insurance should raise to $250,000 pretty soon.

Many folks have accounts (retirement) with FDIC insured institutions. As the emergency fund or the next few years of living expenses are sometimes laddered in CD's. With a limit of $100K, for some that is not very many years of living expenses and so they were forced to multiple accounts. Now with $250K managing in one account may be easier and provide better peace of mind for many folks.

There are also many features - behind the scenes that make these changes quite significant. We will see how it all pans out, but this is (TOPS - Tarr's Own Personal Stance) a significant change and benefits many consumers - not just FDIC accounts.

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