Friday, March 24, 2006
Insurance Protection On Retirement Accounts Gets A Rare Increase
Money you've socked away in certain retirement accounts soon will have more federal insurance protection at your bank and savings institution beginning April 1. Credit union depositors also will see an increase in the insurance limit for their retirement accounts.
Both the Federal Deposit Insurance Corp. (FDIC) and the National Credit Union Administration (NCUA) recently approved final rules to implement a raise in the amount of deposit insurance coverage to $250,000 from $100,000 on self-directed retirement accounts -- primarily traditional and Roth IRAs (individual retirement accounts).
Insurance Protection On Retirement Accounts Gets A Rare Increase
Source: The Olympian
Both the Federal Deposit Insurance Corp. (FDIC) and the National Credit Union Administration (NCUA) recently approved final rules to implement a raise in the amount of deposit insurance coverage to $250,000 from $100,000 on self-directed retirement accounts -- primarily traditional and Roth IRAs (individual retirement accounts).
Insurance Protection On Retirement Accounts Gets A Rare Increase
Source: The Olympian
Permalink posted by armandn @ 9:30 AM 
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