« Even If Levi Johnston of Wasilla, Alaska Wasn't Planning On Getting Married Last Week, You Better Believe He Is Now. | dilluminati's Blog | Markets and Capital (important to readers of TPM) »
FDIC Insurance (advice to TPM readers)
http://www.fdic.gov/edie/
I saw some pretty irresponsible news reporting, that FDIC would not cover banks and deposits.
http://finance.yahoo.com/tech-ticker/article/56994/Top-Economist-Americans-Should-Worry-About-Bank-Deposits-if-Congress-Doesn't-Act?tickers=LEH,MER,BAC,AIG,WM,
The above FDIC link will allow you to fill out a very simple questionare to know your coverage.
If you are short on insurance, fill out beneficiary forms to extend your coverage so that it is, a.) insured and b.) does not on your death get taxed.
Note, you can add or remove immediate family at anytime.
But the general news headline was misleading. Check your insurance, contact your bank and get the forms for beneficiaries, and don't drink the koolaid.
I saw some pretty irresponsible news reporting, that FDIC would not cover banks and deposits.
http://finance.yahoo.com/tech-ticker/article/56994/Top-Economist-Americans-Should-Worry-About-Bank-Deposits-if-Congress-Doesn't-Act?tickers=LEH,MER,BAC,AIG,WM,
The above FDIC link will allow you to fill out a very simple questionare to know your coverage.
If you are short on insurance, fill out beneficiary forms to extend your coverage so that it is, a.) insured and b.) does not on your death get taxed.
Note, you can add or remove immediate family at anytime.
But the general news headline was misleading. Check your insurance, contact your bank and get the forms for beneficiaries, and don't drink the koolaid.
Advertisement
Leave a comment