Originated From
ArticlesBase

IRA and 401k Money Market Insurance

Is money market money insured by any insurance in an IRA or a 401k? If so, is there a limit to the amount covered?

Liked this question? Tell your friends about it

Answers

The only time funds are protected by the FDIC is if the 401k account is in a bank or Credit Union account.  More than likely your account is with a securities firm and there is no FDIC protection.

<a href="" rel="nofollow" cl="http://www.myrealestateira.com/" class="comlink">Self Directed IRA and Self Directed 401k Advisor</a>

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: What is a 401k IRA Rollover?

What is a 401k IRA Rollover?

Asked: Which is a better investment: a Roth IRA or a 401 ...

Which is a better investment: a Roth IRA or a 401(k)?

Asked: Are 401k Loans a Good Idea?

Are 401k Loans a Good Idea?

Be The First To Answer

Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them

More Questions

Moving 401k money to annuities?

Thank you Marty for the input. I will seek advice from a professional to see what my best route is.

Need money from my 401K to repair my car

Try another option first,relatives,a coworker by signing an agreement among office friends,etc.Even by offering to sign an agreement before being ask shows signs of honesty and good intent!Tapping into your 401k can have stiff early withdrawal penalties.

General Insurance

I personally think yes! People should have at-least one general insurance plan. My choice will go to health insurance , as it is one of the most important insurance you must have for you and your family to manage emergency health care expenses. I hope you too agree with me!

401K & IRA's -- Real Estate Investments Purchases???

grammapumpkin, your question is somewhat vague. I'm fairly certain that you cannot live in property that you have purchased from a self-directed IRA account as Femalesoldier states above. You can, however, purchase property as an investment from a self-directed IRA and rent it out and have a stream ...