new FDIC limits if bailout passes


B

beliavsky

The current FDIC insurance limit for a joint (husband and wife) non-
retirement account is $200K. For a single owner it would be $100K. If
the bailout passes, the limits for joint and individual non-retirement
accounts will be $500K and $250K . Correct?

--------------------------------------
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G

Gil Faver

The current FDIC insurance limit for a joint (husband and wife) non-
retirement account is $200K. For a single owner it would be $100K. If
the bailout passes, the limits for joint and individual non-retirement
accounts will be $500K and $250K . Correct?

I heard it would be for just one year. In other words, not to make it more
convenient for responsible people, but only to bail out irresponsible people
that were too stupid or lazy to keep within the present limits.

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 
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P

PeterL

The current FDIC insurance limit for a joint (husband and wife) non-
retirement account is $200K. For a single owner it would be $100K. If
the bailout passes, the limits for joint and individual non-retirement
accounts will be $500K and $250K . Correct?

Who knows. Let's wait till it passes.

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 

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