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[–] 4 points 2 years ago (3 children)

So if the stocks fall enough you won’t have your money anyways.

Banks are insured by the government. If they get rid of the FDIC then I don't know, but if a bank collapses you still get your money.

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  • [–] 1 point 2 years ago* (2 children)

    You are supposed to, but it is only insured to 250k. That might seem like a decent amount but if you suffer inflation and a government that is inclined to decrease FDIC rather than increase, you might end up not really getting much value out of that cash.

    250k is not a very big nest egg for retirement.

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