No. of Recommendations: 1
Just got back from a week in Washington DC and thought these boards would be alive with the FDIC reform - especially the increase in insured amount for retirement accounts.

Thanks for bringing this to our attention.

The changes don't seem very important, though. The $100,000 limit has needed to be changed for quite a while, and this is a teeny tiny improvement.

Also, why would anyone keep their retirement account in an FDIC-insured account? I suppose a CD is better than nothing. I keep my IRAs at my brokerage, which has SIPC insurance (may have messed up those initials). My bank also sells various investments, but none of those are FDIC insured. Although I bet they manage to confuse some seniors with the increased insurance.

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