Money Backup

Do you have a good backup for your money? The story about the “IndyBank” takeover by the FDIC should remind you that you need to be careful about the insurance level of your bank deposits.

Deposited amounts over $100K (for single person) are not insured by the FDIC. Maybe it’s a good idea to make sure that your deposited funds are insured for the full amount. If you’ve got over $100K in one account, perhaps it’s time to do a little ‘money backup.

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