📢 We've launched! Get 15% off our brand-new bond courses thru 11:59PM ET on 4/30/2024 for Financial Literacy Month - enter coupon code bondfans2024 at checkout - see links below for more details! ⭐ Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners ⭐ Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters ⭐ Or get both & save $100: www.diamondnestegg.com/home#_paa2isucf ⭐ Join our super-supersaver membership for regular market updates & monthly live member Q&As 👉 kzitem.info/rock/nexoc6tvesvcCEzZhmI-Agjoin SOURCES: home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202303 www.reuters.com/markets/rates-bonds/fed-seen-delivering-half-point-rate-hike-this-month-2023-03-07/ banks.data.fdic.gov/bankfind-suite/bankfind www.fdic.gov/resources/deposit-insurance/faq/ www.jpmorganchase.com/ir/fixed-income investor.bankofamerica.com/fixed-income/credit-ratings www.citigroup.com/global/investors/fixed-income-investor-relations/credit-ratings www.wellsfargo.com/about/investor-relations/credit-ratings/ www.federalreserve.gov/releases/lbr/current/ www.moodys.com/research/Moodys-downgrades-SVB-Financial-Group-senior-unsecured-to-C-from--PR_474735 www.reuters.com/markets/us/silicon-valley-banks-demise-began-with-downgrade-threat-sources-2023-03-11/ www.sipc.org/for-investors/what-sipc-protects Thanks for visiting our personal finance channel! We hope this free content will help fast-track your financial journey! Everyone's financial journey is different. Please note that there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances.
@charliestrong6230
Жыл бұрын
How safe are T Bills and money markey account inside Vanguard retirement accounts? Thank you!
@Cloud-AI
Жыл бұрын
how people can Transfer Stocks/ETF from one Brokerages to Charles schwab/another firm for IRA and Brokerage account to dealing with SIPC
@MrJPAA18
Жыл бұрын
A deep dive into SIPC would be helpful. >500k strategies
@bebeames7353
Жыл бұрын
@diamond nestegg could you respond to Don Geo's Schwab post and any insight on NCUA and NCUSIF used by credit unions.
@ritasilva5132
11 ай бұрын
Hello Jennifer. Thank you for your amazing tutorials. I am retiring in 3 years. I would like to create a ladder, but I am confused about how to do it. I heard you were going to make another video? Also, I live in Florida where there is no state income taxes. I appreciate your help.
@kenpresant2503
Жыл бұрын
Can you do a video educating us on how safe are our assets held in a brokerage account like Schwab or Fidelity, etc. thanks!!
@rickb2537
Жыл бұрын
She told you you're safe to the $500,000 level. After that, you're not.
@kenpresant2503
Жыл бұрын
I was looking to get educated on what might happen if my brokerage firm became insolvent. For example, if I had $1 million in my brokerage account invested in different securities like mutual funds, ETFs, bonds, and some broker CDs I think my assets would be separate from the brokerage firm so I would be able to receive them in case of insolvency. I know the CDs would be subject to whether they had FDIC in case of the issuing back guess taken over by the FDIC. Sn educational video on this would be helpful for us. Thanks!!
@rickb2537
Жыл бұрын
My understanding is that you are covered UP TO $500,000. That's it!!! Of that amount, $250,000 can be cash. If your account has a value over $500,000, better transfer the amount over the limit to another brokerage. That's how I read the SIPC brokerage insurance.
@queen.in.the.country
Жыл бұрын
@@kenpresant2503 If you had that much money, you should have your own personal financial advisor.
@lesbolstad
Жыл бұрын
@@queen.in.the.country Why? that won't change anything
@tamarav6133
Жыл бұрын
Yes, please do an in-depth SIPC video. I didn’t even know this was a “thing.” Now I’m wondering if I have to open accounts at other brokerages.
@rickb2537
Жыл бұрын
To be safe, sort of, any time you get to the $500,000 level, you should consider opening a similar account at another brokerage.
@lesbolstad
Жыл бұрын
If brokerages such as Vanguard, Schwab, Fidelity go under no one's money will be safe- even with SIPC
@tschopp23
Жыл бұрын
Would love to hear more about SIPC and how to protect assets over 500K
@brendacraine4948
Жыл бұрын
Yes! This.
@charliethewanderer6872
Жыл бұрын
Some brokerage companies have additional insurance coverage over 500k but i do not know how it works.
@chriscentorcelli5220
Жыл бұрын
Yes! Please do a video on SIPC
@scecily
Жыл бұрын
Fidelity recently made a very detailed post on this on their subreddit, r/fidelityinvestments
@marieb132
Жыл бұрын
The way to get $500,000 in coverage is you have two separate accounts with different names each with $250,000. i.e. John and Mary. John & Mary -Trust or LLP or LLC or one in just John’s name and one in Mary’s name., or put the name along your child’s name. It just can’t have the same name on both accounts. Or put $250,000 in one bank and $250,000 in another bank.
@mattsimmons5432
Жыл бұрын
Fantastic video! Thanks for educating us and keeping us informed
@heatherdean7793
Жыл бұрын
Yes on banking at more than 1 bank! When I had identity theft years ago my primary accounts were all drained. Had I not had other funds at another bank, I would not have been able to cover my bills for the > 6 mos it took to recover my money. Took a full year to clear it all up and I could not get everything the thieves did off my credit rating. Nightmare.
@RoseBlackGoku2023
Жыл бұрын
Isnt the bank give you zero fraid liability?
@MrEfreed
Жыл бұрын
SIPC deep dive please!!!!!
@whiskeyriddler
Жыл бұрын
One of the most informative channels in the land. Jennifer = GOAT!
@rickb2537
Жыл бұрын
She's the best at what she does and pleasant at the same time. Marcus is a lucky guy!!!
@doncanaday6406
Жыл бұрын
Please deep dive the SIPC and how to set up different protected accounts with the same institution.
@rickb2537
Жыл бұрын
They need to be of different categories. IRA, ROTH IRA, Trading cash account, Account in name of deceased for benefit of, etc. If you have say two cash accounts, they will be combined as one for insurance purposes. Same goes if you have two IRAs of the same category. That's my understanding of the rules.
@blp9724
Жыл бұрын
Are savings and checking considered different categories?
@wdp0115
Жыл бұрын
Agree this would be helpful to hear more about.
@jaybrown6174
Жыл бұрын
Where were all the bank regulators that were suppose be watching out for mismanagement like what happened at SVB? How were they allowed to go 8 months without someone in charge of the risk management department? All the government regulation and NONE of them worked!
@rickb2537
Жыл бұрын
Our financial system is infested with sharks out for themselves. Our regulators are more reactive, not proactive. Sorry, but that seems to be how it always will be. Protect yourself with enough knowledge to keep ahead of trouble. Jennifer is doing her part very well.
@MI-6e
Жыл бұрын
Who's regulating the regulators? The entire system is corrupt.
@johnbirman5840
Жыл бұрын
Smaller banks aren’t under the same scrutiny by the regulators than the larger, due in part to rule changes made in (I believe 2018) which both Ds and Rs pushed for. One could opine that Liberal states like California and New York just “happened” to be the most lax,played into these “problems” in regulating, but as Francis Urquhart said: “You May say that - I couldn’t possibly” (House Of Cards).
@marieb132
Жыл бұрын
The same way Leman Brothers and Bernie Madoff ripped off huge amounts of money for many years. The banks never pay for failing at their job. They knew way in advance they were in trouble. We tax payers foot the bill every single time. Disgusting.
@MVos-md3rp
Жыл бұрын
Just ask Barney Frank.
@LoriLWorden
Жыл бұрын
I use Chase for my operational direct deposit checking and I recently added a Capital One 360 Performance Savings (plus I am building a CD ladder with Capital One). I've been surprised with the number of days it takes to move money from Chase to my Capital One accounts. I would love a video about why banks seem to hold on to your money -- is this on purpose?
@murph8857
Жыл бұрын
Hi Jen. Most of the accounts at SVB were over the $250,000 FIDC limit. Many people with well over $250,000 have their money at Brokerages like Vanguard as I do. Some Brokerages have SIPC that cover up to $500,000 of which $250,000 covers cash. IN ADDITION, there is a separate insurance called “EXCESS SIPC” which is an additional insurance policy brokerages like Vanguard purchase to cover higher amounts. I was told by Vanguard customer service 1.4 million is the Excess SIPC limit. I would like to get your take on this. Thank You.
@sfinvestors5944
Жыл бұрын
I just got out of ameritrade. You should too. There isn’t enough money in the system to cover everyone’s 250,000 minimum. Don’t rely on the banks. 😊
@nancychace8619
Жыл бұрын
@@sfinvestors5944Same story for Schwab?
@IndyDave22
Жыл бұрын
Please make SIPC coverage video for Fidelity’s brokerage
@gabymalembe
Жыл бұрын
What’s your guess about the May I-bond rate now that we have the new CPI-U figures that came out last week?
@rogerrocco5211
Жыл бұрын
Thank you again Jennifer! Your effective professional advice has been a very valuable contribution to my retirement portfolio. You are providing a wonderful service to your community!
@claricehirata3303
Жыл бұрын
Jennifer, thanks again for giving us the most timely, concise and thorough information just as we are forming the exact questions that you have already provided the answers to, and what else to consider to protect our money in these times. This video was so packed with good info that i watched it 2 times to grasp it all! Really looking forward to your SIPC deep dive (specifically with Fidelity). How am I feeling? Much, much better after watching your video with actionable advice!
@lmcbdc14
Жыл бұрын
The bigger problem is Janet Yellen’s comment that rural bank’s FDIC insurance may NOT cover their collapse!! She also stated the mat SHE would decide who is covered or not.
@blackie6771
Жыл бұрын
This is bad. This is very very bad.
@X19-x5f
Жыл бұрын
I agree and there should be pushback against Yellens power grab. It's only a matter of time until the current administration weaponizes this power against people they don't like. Not to mention how incompetent she is.
@dr.jonpierson5655
Жыл бұрын
Funny that a "flight to safety" (i.e., investing in treasuries) is what caused the collapse of SVB. 🤣😂
@consciouspatriot4375
Жыл бұрын
Also NCUA (FDIC of credit unions) up to 250k
@jeff95050
Жыл бұрын
Would love an SVB deep dive but I would also like to include a comparison between SVB and First Republic in terms of how and why the big banks came in so quick to bail FR out while they balked at SVB, leaving it defaulting to FDIC and over the limit FCIC coverage.
@franciscodanconia4324
Жыл бұрын
Just my humble opinion, but: 1) FR has a lot of very wealthy customers (Zuckerberg apparently has his mortgage there) and the big banks don’t want the millionaires and billionaires to have liquidity issues. 2) the FDIC can’t keep promising to backstop all deposits at every subsequent bank to fail, so Yellen and Dimon worked out this deal to try and stop a further cascade 3) it keeps the big banks treasury based reserves from sliding further in value
@russellhoude
Жыл бұрын
If you haven't as yet, suggest purchasing insurance such as hard assets like gold and silver. These have been real money for thousands of years and still accumulated by central banks to this day. There is a reason for this. Small price to pay for insurance against a dollar that is losing value exponentially.
@mims2582
Жыл бұрын
Yes interested in svb in-depth video from your perspective!
@gregoryanthony806
Жыл бұрын
What do you think about the safety of a Fidelity treasury money market fund vs a brokered CD or T-bill?
@thinkbigandlaughalittle
Жыл бұрын
First Foundation Bank has 4.5% online savings account. Paramount Bank (Mo) has 3% checking account. I am sticking with 17 week TBills that are still staying close to 5% this past week. I think after the next couple of weeks, the TBills may just start going back up again.
@jessicamcneil5624
Жыл бұрын
I am overloaded on SVB, please no more SVB info. But I do listen to everything you post.
@PennyPincher60
Жыл бұрын
yes, Please do a deep dive into SIPC insurance. thank you Diamond NestEgg. Love ur channel!
@DiamondNestEgg
Жыл бұрын
Is Your Money Safe If Schwab, Fidelity or Vanguard Fail | SIPC Protection kzitem.info/news/bejne/zI9rqKetqYedmWk
@Bob-ui5gy
Жыл бұрын
Thanks for all the good info,opening account at a second fdic bank just for emergency purposes ,that will give me 3 places to get fast cash at a average 3.8 %,I am not greedy at age 85!
@karoozinbayh5785
Жыл бұрын
Thank you for your information and direction during these difficult times. I am glad you take the time to inform us about financial issues.
@davidnovick8077
Жыл бұрын
Thanks for the latest video and covering FDIC and SIPC. Fidelity offers additional coverage in their brokerage accounts which they refer to: Excess of SIPC. Would you be able to help us better understand what this coverage is and if it is a common practice in the industry?
@DiamondNestEgg
Жыл бұрын
I’m working on this already - in the next few days David
@witzviewer
Жыл бұрын
Please also go into more details regarding how “separate capacities” are considered for SIPC.
@abirch77
Жыл бұрын
@@DiamondNestEgg Also, please cover if SIPC limits of $500/$250K are per different accounts or an aggregate limit (e.g is it $500/$250K each for ROTH IRA, Trad IRA, Brokerage, and 401K, or is the limit a total limit regardless of each separate account type? Thanks!
@rickb2537
Жыл бұрын
If companies like Fidelity, Schwab, Vanguard. etc. start to go bust, nothing is going to save any of use. Don't kid yourself. FDIC and SIPC is for relatively small problems. If there is a major earthquake in the financial markets, I don't see how they save everyone. Not enough money to do that.
@charliethewanderer6872
Жыл бұрын
@@rickb2537 inflation and taxes.will do us in first.
@AynRandification
Жыл бұрын
I would be very interested in your thoughts on the upcoming fed convertion to digital dollars.
@franciscodanconia4324
Жыл бұрын
How do you feel about holding a sum of physical cash as a last resort backup in case of a massive bank meltdown? I try and hold at least a months worth of expenses in reserve. I know I don’t make anything on it, but you know it’s immediately available 24/7/365 no matter what happens in the banking industry.
@felixchan5173
Жыл бұрын
Basic but most useful…thank you!
@stjoes1231
Жыл бұрын
I finally subscribed to your channel all the while giving you "likes" after viewing all your episodes. I'm not too thrilled with what is ocurring with this financial debacle and it had me validating (one again!) if FDIC coverage was 500k for a joint bank account. Still have no idea so I'd appreciate it if you would clear this up for me and the wife. Finally if SIPC only covers brokerage accounts only for $500k what are high wealthy accounts suppose to do if they have for example $1,000,000 in their brokerage account? Jennifer Rules!
@TexanfrmDal
Жыл бұрын
I hope Diamond Nest Egg does a video on SIPC coverage, as I also have questions and could not get them answered today when I called Fidelity. But I can answer your question on FDIC coverage on joint accounts. If you and your spouse hold a joint account (with both names on the account as co-owners) then the FDIC coverage is 250K per person on the account. Therefore, your joint account is covered up to 500K.
@suracharawirojratana8723
Жыл бұрын
Is iBond still a good investment during these bank runs and bank failures ??? Thank you 🙏
@clocksurfer
Жыл бұрын
To-do before the next bank meltdown IF you have investments valued >$200K. I'm going to look through your other videos for advice which would be more applicable to those of us who have less than $100K net worth and no significant money for investments.
@cjengland2365
Жыл бұрын
We've got 50 years experience with multiple US financial crises, whether it's interest rates, gas prices, housing meltdown, bank, gov't shutdown, etc under several different administrations. No panic here, just keep our ears open and pivot when necessary.
@blackie6771
Жыл бұрын
No I think this is different because it's going to just get worse and worse. Our leaders sold us out. They aren't even trying to help the economy. They have been spending money like it's water.
@user-sx2uf5gq7x
Жыл бұрын
Great advice. Thanks for the guidance
@drbcrb
Жыл бұрын
Appreciate your insight into this market
@KA-ry6nz
Жыл бұрын
Thank you for the timely advice. Interested in hearing more about SIPC protections in retirement funds above SIPC limits.
@ga5743
Жыл бұрын
What’s your thoughts on credit unions?
@TexanfrmDal
Жыл бұрын
I'm 65, and was raised by grandparents who were born in 1900 and 1907 respectively, so they lived through the Great Depression. I have only used credit unions, never a bank. Credit unions are owned by the shareholders and are not for profit. Banks are for profit, and can be used by anyone. Credit unions usually have rules regarding who can join. In Texas, credit unions are also chartered differently than banks, but I don't understand the legal differences. Bottom line, due to my grandparents, I have only held credit union accounts and never a bank account as the protections are a little better in TX in terms of a "run on the banks" as my grandfather put it.
@calib6721
Жыл бұрын
All brokered CDs 3 month - 10 year offered through Fidelity are currently over 5%, though some of them are not call protected (the bank can choose to end them early and pay you interest up to that point). Overall these CDs seem to be a better deal than T-Bills since the collapse of SVB.
@timflavin7090
Жыл бұрын
Lots of folks asking for deep dive on SIPC, would add how some brokers purchase additional insurance over and above SIPC limits. Schwab and Vanguard come to mind
@marsha2703
Жыл бұрын
Fidelity also purchases additional insurance.
@carefulconsumer8682
Жыл бұрын
Really excellent advice. Thank you.
@katherinemcintire2637
Жыл бұрын
Please do a deep dive into SIPC insurance!!!❤
@cropcircle911
Жыл бұрын
What do you think of NCUA? Is it truly the equivalent of FDIC? I use a credit union rather than a bank, so hope I’m safe!
@DiamondNestEgg
Жыл бұрын
Stay tuned!
@rossej56
Жыл бұрын
My understanding is that SVB was not your average mom & pop bank and that the clients were mostly multi-million dollar hedge fund investors that knew what they were getting into... The media doesn't ever seem to tell the whole story which in turn contributes to panic !!!
@DiamondNestEgg
Жыл бұрын
Stay tuned for one of our next videos
@teeconsigliano7631
Жыл бұрын
Great vid. Yes, please do a SIPC vid. Thanks!
@snotbubbles3276
Жыл бұрын
Great follow up, I was a little late to the TBill ladder you had suggested and I am working on diversifying my portfolio more. I am interested in doing a 17 week $15K TBill ladder for $60K as long as the interest rates are going up. I just wasnt sure if you still thought TBill investing was still applicable with the recent lowering of the maturity returns.
@chantalk7984
Жыл бұрын
Hi Jennifer. What about credit union security? How are they affected byt both the possible Debt ceiling crisis or the current Bank closure scare? Also, have you ever done a video about credit unions?
@DiamondNestEgg
Жыл бұрын
No credit union vids yet, but stay tuned!
@mikem.942
Жыл бұрын
Many brokerages also carry excess SIPC insurance protection that kicks in once SIPC coverage limits are met. Fidelity, for example, has a policy that covers $1 billion “total aggregate excess.” Schwab’s is $600 million. It’s unclear how much PER CLIENT those aggregate totals would cover. (We’d need to know how many clients at each firm had accounts above $500,000.) My financial advisor only deals with Schwab, and now I wonder if I need to move everything above $500,000 to another brokerage, even if it means managing it myself.
@kimappreciateslife
Жыл бұрын
Jennifer, can you do a video explaining the risk of parking too much of your cash in a money market mutual fund at brokerages like Fidelity, Schwab , Vanguard, TD Ameritrade…?
@DiamondNestEgg
Жыл бұрын
Noted - will do!
@kimappreciateslife
Жыл бұрын
@@DiamondNestEgg thanks! Suze Orman is also doing her Women & Money podcast on this topic on Sunday 3/25.
@williamolenchenko5772
Жыл бұрын
For SIPC coverage, what is considered to be "cash"? Is the money in, for example, a Vanguard cash settlement money market fund "cash"?
@faridmansour
Жыл бұрын
Thank you very much for all the great, clear education you share with us. Please share in a future video more about SIPC for more than 500k. Please accept my gratitude.
@liwang4357
Жыл бұрын
Very helpful and in time! Can you please explain more SIPC insurance? Thank you!
@seandawkins3214
Жыл бұрын
Please do a deep dive on SIPC
@ClaudiaHHill
Жыл бұрын
Excellent video - thanks! What do you think about Credit Unions vs. Small/Medium Banks as a second place to store emergency cash?
@DiamondNestEgg
Жыл бұрын
I'll have something out on this shortly
@Chiroman527
Жыл бұрын
Jennifer, what are the risks if you buy T-Bills via a Brokerage Company (For me it's TD Amerirade) vs directly via Treasury Direct? Are there any?
@msatoson6184
Жыл бұрын
What about the money in Fidelity SPAXX account? Thank you
@kenmiller8467
Жыл бұрын
love your videos... thank you
@vsbalanethiram4363
Жыл бұрын
I have two bank accounts. But, whenever I transfer money between the two accounts, they always seem to take 3 days before the money is available to me. So, I am confused about your suggestion on using this at times of crisis (useful, if you anticipated >3 days ahead).
@mfh9780
Жыл бұрын
Excellent, thank you
@5DNRG
Жыл бұрын
I'll always bank with credit unions only...after the ugly greed displayed by the banking CEOs during the great Recession. They dont get to play on my dime.
@elizabethmcfarland5247
Жыл бұрын
I’d like to clarify the SIPC limits. if I have 3 accounts, regular, Ira and Roth IRA accounts do they each have a 500,000 limit. Also would love your feeling about credit unions
@kellylee514
Жыл бұрын
Can you please do a video on how you can up your FDIC coverage by simply adding beneficiaries to your account. Up to 5 gets you $1.25mil coverage.
@DiamondNestEgg
Жыл бұрын
I go through an example here: FDIC Insurance Explained 2023! How To Use The FDIC Calculator & How To Increase Your FDIC Limit kzitem.info/news/bejne/1a6jvn54gIeQamU
@annicks7385
Жыл бұрын
Definitely want the video about SIPC I love capital one .
@jimc9222
Жыл бұрын
After watching your video and a few episodes of American Greed a deep dive on SIPC will be appreciated.
@tomhuntsman3447
Жыл бұрын
Off topic (sorry): I would like your take on Crypto.
@davidpowell3347
Жыл бұрын
I suspect that bailing out all of the large multimillion $ accounts at such as SVB costs more than an increase in the deposit insurance amount to $ One Million since there would be fewer runs on banks and fewer banks needing to be "rescued".
@ralphstaiano2718
Жыл бұрын
Well SVB and signature bailout is questionable, because if I had money in a rural community bank with more that $250,000 I am sure that the Gov't would not honor my acct because the bank wasn't to big to fail. I don't believe that SVB or Signature was to big to fail. Local run on to local banks around the area added media hype added to failures would have stopped over time. I love the idea of having another bank as a backup thank you. Thank you for the insight about why rates went down as more money was going into Treasuries as a safe haven.
@timflavin7090
Жыл бұрын
This I didn't hear you cover, but maybe important. QE is back, meaning inflation is likely to rise over 70's rate even with the fake CPI. Fed balance sheet rose $300 billion this week, so they wiped out 4 months of QT in one week. Also, any bank sitting on underwater bonds can take loans at the Fed window at par value, more QE
@debbieburke-gravetter1623
Жыл бұрын
I’ve bought I-bonds and s/t t-bills through Treasury Direct. Are they “insured”? I understand nothing is guaranteed if we have a debt crisis. Also is there a maximum amount you can own in Treasury Direct? Thanks!
@brendacraine4948
Жыл бұрын
Treasuries are backed by the United States government.
@kellylee514
Жыл бұрын
As far as I know Ibonds and Tbills are not insured. Makes me worry about a default. Hope they don’t default. I don’t believe there is a limit.
@Stealbmin
Жыл бұрын
I really enjoy your videos. I think you have a talent for explaining finance to the common person. I would be interested in your take on the SVB and subsequent failures
@quest_edward
Жыл бұрын
Excellent video.
@100perdido
Жыл бұрын
A question that I'm sure many of your viewers have is how to best guess when to move money from short term bonds or CDs into longer term instruments to capture better rates for a longer period of time. I don't want to move too soon and see rates go even higher or wait too long and wake up with a rate drop. If you have a crystal ball maybe you could do a video with your insights. Thanks.
@DiamondNestEgg
Жыл бұрын
I don't have a crystal ball unfortunately, but I'll add this onto the list for when the time comes!
@jeffmkimmel
Жыл бұрын
Thank you, Jen, for another great video. I recently subscribed and now look forward to each new one. With the money you set up as emergency accounts in separate banks, what do you do with that money? Leave it in cash? Savings account? CD? Money Market? Anything else?
@DiamondNestEgg
Жыл бұрын
I'd go for a HYSA for liquidity purposes - it is an emergency fund after all
@Prolificposter
Жыл бұрын
N.A. stands for “National Association,” another name for the National Bank category, not North America. Good info, new subscriber. Retiree with emergency savings in a low-yield, but safe, credit union savings account.
@robertbecker4595
Жыл бұрын
Thank you for your useful content..It's nice to know SIPC will get us our money back on those immature treasuries, but what about those treasuries that were purchased through a failed bank or credit union that is the account linked to our treasury direct account?
@darlenestegner882
Жыл бұрын
Yes, please do a SIPC video, I’m new to this, especially wondering about money market account vmfxx and SIPC insurance. Thanks.
@supafob120
Жыл бұрын
Hi Jennifer, thank you for the video. I have my 401k and personal investment accounts in Fidelity. Does SIPC cover up to $500k for each 401k and personal account? Thanks.
@oppenheim2
Жыл бұрын
Since E*Trade is part of Morgan Stanley, E*Trade claims in addition to the SIPC $500k limit, Morgan Stanley insures the account to $1m total. Do you know if this is can be trusted, if the account grows to over $500k?
@melindaaldrian9855
Жыл бұрын
Sooo informative. Yes please deep five into Sipc coverage. I just moved my investments to Charles Schwab and my husband is freaking out. Are we ok?
@200Nora
Жыл бұрын
Forbright has a 5.25% 11 months, Synchrony and Alliant 5% 14-12 months
@johnegan2175
Жыл бұрын
The only thing I worry about is the thought of you and your husband leaving KZitem!❤
@josephineyung5376
Жыл бұрын
I read that FDIC also cover Beneficiaries in "Paid on Death" accounts in addition to the 250.000 covered for account owner. One Beneficiary is 250,000, 2 Beneficiaries are 500,000. Is this true?
@DiamondNestEgg
Жыл бұрын
This FDIC video goes through this in detail: kzitem.info/news/bejne/1a6jvn54gIeQamU
@kellylee514
Жыл бұрын
I can’t believe how many people, banks and brokers aren’t aware of this. I’ve been told by so many that I’m wrong it’s driving me crazy.
@serhiistadnyk5985
Жыл бұрын
kudos on the video!
@Rudy1150
Жыл бұрын
I have learned more from this channel, then many books I have read. I suspect many older watchers have a single brokerage like Vanguard that is holding after-tax investments and rollover-IRA's that are above the $500k SPIC limit of insured. Should we consider moving a rollover-IRA from Vanguard to Fidelity. Will that trigger a tax event at all?
@jjh3d
Жыл бұрын
Good question, would love an answer to this one.
@rickb2537
Жыл бұрын
Always do direct transfer custodian to custodian. NEVER take the money yourself. You'll be suicidal if you do!!!!!!
@ronhagen3403
Жыл бұрын
Jennifer, First and foremost Thank you. I have followed your advice and bought I bonds in personal and a Trust Account that you showed us how to set up. Also have an on going 13 Week ladder i T-Bills. My quesyion if you will is the trust account. I have learned I need to "FUND" the trust. Could you share how I go about changing my personal-joint account to my Trust? thanks again for sharing your knowledge.....Ron
@oppenheim2
Жыл бұрын
No one knows the future, so, I think it’s wise to also have a FDIC insured high yield savings or money market account available to react to unexpected opportunities.
@GlideCycle
Жыл бұрын
We love your show. But we want to know if excess SIPC insurance is limited to $1 billion with Fidelity and Fidelity holds $3 trillion in assets. How can I become first in line to file and how does one file with FDIC, SIPC, and extra insurance in the event of a run on the bank. Thank you in advance for answering
@evacheng9296
Жыл бұрын
Thank you for your knowledgeable insight. Any advice on reducing taxes on RMD when withdrawing IRA retirement funds?
@DiamondNestEgg
Жыл бұрын
We'll add this to our video list
@Escapetraveler
Жыл бұрын
Should I wait until after the FOMC meeting on 3/22 to buy treasury bills? Would the rate go higher if the FED increase rates by 0.25%? During the last increase on 2/1, i didn't see the auction rate changed much before vs. after
@DJwCW
Жыл бұрын
When you refer to Treasury Securities are covered under SIPC, do you mean t-Bills?
@peggyh1395
Жыл бұрын
Could this possibly be the mechanism (or event) that slides us into cbdc’s?
@mrgopherguy
Жыл бұрын
Let’s hope not - unless you want even less control over your own hard earned money.
@Zatoichinisanyon
Жыл бұрын
Got the Capital One 5% 11 month cd and Ally Bank 5% cd for 18 months. I’m interested in 2 year and 3 year t-notes but concerned those rates are headed down next month.
@Summer-dy5gb
Жыл бұрын
As of TODAY, AMERITRADE offers 1 year CD at 5.25%.
@motoceg
Жыл бұрын
Thanks for the perfect topic for these unstable times! So mad I was waiting to buy more treasury bills figuring the rate was going to go up, and then bam, the rates dropped.😢
@just_joc
Жыл бұрын
Thanks Jen. Please cover SIPC and excess insurance coverage by the brokerage firms in your next video. Also how the brokerage firms define 'separate accounts'. I would really appreciate it!
@nitehawk4118
Жыл бұрын
The problem with quickly transferring excess savings to another bank is there are limits. Most banks won't let you transfer more than 100k each day even with a wire. 😡
@judithdasta3969
Жыл бұрын
The Feds will stop the raise in rates. We are in unprecedented times where even the Fed does not know what to do.
@fredsmith3001
Жыл бұрын
First Republic Bank is offering an 11 mo CD with 4.9% APY.
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