Friday, March 03, 2006
Saving To Retire? Bank Option Gets Better
Thanks to a federal budget bill signed into law this month, using bank accounts to store large sums for retirement may become a more attractive option.
The legislation contains long-sought reforms to federal deposit insurance, which covers as much as $100,000 per depositor.
The biggest change: Starting no later than November, depositors will get as much as $250,000 in insurance coverage for retirement accounts. The amount covered in other accounts will stay at $100,000.
Saving To Retire? Bank Option Gets Better
Source: Hartford Courant
The legislation contains long-sought reforms to federal deposit insurance, which covers as much as $100,000 per depositor.
The biggest change: Starting no later than November, depositors will get as much as $250,000 in insurance coverage for retirement accounts. The amount covered in other accounts will stay at $100,000.
Saving To Retire? Bank Option Gets Better
Source: Hartford Courant
Permalink posted by armandn @ 8:18 AM 
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