401k & FDIC & SPIC

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date 401k & FDIC & SPIC Evandro Menezes 01-14-2008  Re: 401k & FDIC & SPIC Justin 01-14-2008  Re: 401k & FDIC & SPIC Augustine 01-15-2008
Posted by Evandro Menezes on January 14, 2008, 7:18 pm What to do when one's savings in an 401k plan are over the FDIC protection limit of $100k? Some brokerage firms add SPIC protection up to $500k, but it seems to be only for securities. What about if the 401k plan is rolled over to a regular IRA, how does the FDIC limit apply? How exactly does the SPIC limit apply for those accounts covered by it? TIA Posted by Justin on January 14, 2008, 7:31 pm Evandro Menezes wrote on [Mon, 14 Jan 2008 18:18:06 -0600]: > What to do when one's savings in an 401k plan are over the FDIC > protection limit of $100k? How many 401(k) plans are invested at companies that have FDIC insurance? Mine is at a brokerage. > What about if the 401k plan is rolled over to a regular IRA, how does > the FDIC limit apply? How exactly does the SPIC limit apply for those > accounts covered by it? The FDIC limit for IRAs is 250,000. Posted by Augustine on January 15, 2008, 3:28 pm > > The FDIC limit for IRAs is 250,000. OK. But I guess that it's for cash accounts only, right? I assume that securities would be immune to an institution going under, except for its own stock value, right? TIA Similar Threads Posted FDIC March 5, 2008, 11:05 am FDIC for over $100,000 ?? March 28, 2008, 3:13 pm fdic?=OP-Thanks for responses March 13, 2007, 7:09 pm FDIC insurance (yet again) October 13, 2008, 5:51 pm FDIC Processing Speed August 4, 2008, 12:21 pm Estate account and FDIC August 31, 2008, 2:50 pm FDIC Insurance Question Re IRA October 1, 2008, 4:23 am fdic ?--protecting bank accounts ? March 9, 2007, 4:59 am Bank solvency and FDIC insurance August 13, 2007, 4:56 pm FDIC "Troubled Banks List" ? July 16, 2008, 1:44 pm