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If you have an IRA with $200,000 or $300,000 in it, should you open a new one or just keep adding more money to the single large account.

If your IRA is with a bank or other FDIC-insured institution, FDIC insurance is capped at $100,000 per depositor, so if the bank goes belly-up, you are guaranteed to keep only $100K.

I don't believe the same issue applies to brokerage accounts, since brokers aren't covered by FDIC. I believe most brokers are insured with SIPC, which works differently and has a higher limit.

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