Comments on: FDIC and NCUA Deposit Insurance: Financial Reform Makes $250,000 Limit Permanent http://genxfinance.com/fdic-and-ncua-insurance-250000-limit/ Helping a unique generation achieve financial independence. Fri, 25 May 2012 01:44:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Tom http://genxfinance.com/fdic-and-ncua-insurance-250000-limit/comment-page-1/#comment-374999 Tom Wed, 07 Sep 2011 00:11:40 +0000 http://genxfinance.com/?p=2207#comment-374999 is that right, the fdic has made the 250,000 per depositor a permanent number is that right, the fdic has made the 250,000 per depositor a permanent number

]]> By: Nelson http://genxfinance.com/fdic-and-ncua-insurance-250000-limit/comment-page-1/#comment-148069 Nelson Thu, 21 Oct 2010 16:18:43 +0000 http://genxfinance.com/?p=2207#comment-148069 In addition to the trust account above, am I correct in assuming that an IRA with one owner and 4 beneficiaries will be covered for $250,000 and will NOT be counted as part of the total $250,000 limit at the same bank ? example: 1 trust with 3 beneficiaries $750,000 covered 1 ira with 3 beneficiaries covered separately for $250,000 In addition to the trust account above, am I correct in assuming that an IRA with one owner and 4 beneficiaries will be covered for $250,000 and will NOT be counted as part of the total $250,000 limit at the same bank ?

example:
1 trust with 3 beneficiaries $750,000 covered
1 ira with 3 beneficiaries covered separately for $250,000

]]> By: Jeremy http://genxfinance.com/fdic-and-ncua-insurance-250000-limit/comment-page-1/#comment-138833 Jeremy Tue, 27 Jul 2010 13:17:30 +0000 http://genxfinance.com/?p=2207#comment-138833 Ann, that's right. It's per depositor, which can be an individual, a joint account, a trust, a corporation, etc. So as long as the accounts are set up with the names correctly it is possible to personally have over $250,000 insured at a single institution. Ann, that’s right. It’s per depositor, which can be an individual, a joint account, a trust, a corporation, etc. So as long as the accounts are set up with the names correctly it is possible to personally have over $250,000 insured at a single institution.

]]> By: Ann Lin http://genxfinance.com/fdic-and-ncua-insurance-250000-limit/comment-page-1/#comment-138812 Ann Lin Mon, 26 Jul 2010 21:51:59 +0000 http://genxfinance.com/?p=2207#comment-138812 Under trust account , Husband & wife , 2 kids insure up to $750,000 ? is that right ? Under trust account , Husband & wife , 2 kids insure up to $750,000 ? is that right ?

]]> By: Credit Girl http://genxfinance.com/fdic-and-ncua-insurance-250000-limit/comment-page-1/#comment-138469 Credit Girl Thu, 22 Jul 2010 17:12:55 +0000 http://genxfinance.com/?p=2207#comment-138469 My history class just touched on this subject today! Back in the day, they used to only insure up to a couple thousand and today we have a $250,000 limit. The FDIC has gone a long ways. My history class just touched on this subject today! Back in the day, they used to only insure up to a couple thousand and today we have a $250,000 limit. The FDIC has gone a long ways.

]]>