The recent collapses of two large banks, Silicon Valley Bank and Signature Bank, shook customers with cash deposits in banks and brought the workings of federal deposit insurance into the public eye. When financial institutions fail, are retirement accounts protected? Do you have reason to be concerned about your 401(k) or IRA nest eggs if your brokerage, mutual fund firm, or plan provider fails?
Tag: bankruptcy
What You Need To Know About IRAs: Bankruptcy, Inheritances, And More
IRAs have existed since 1974. Even after nearly 50 years, many misconceptions about IRAs exist among the 47.9 million families who utilize them to save for retirement.
