64: What is Money Insurance?

<p class="p1"><span class="s1">Given the recent headlines and failure of two banks, Stephanie and Kevin felt is was time for a</span> high-level overview on the government insurance programs that serve as backstops by protecting you from the potential failure of financial services companies.</p> <p class="p2"> </p> <p class="p1">Listen in as they break down the most important acronyms within the alphabet soup of federal government agencies.</p> <p class="p2"> </p> <p class="p1">They discuss the FDIC insurance program, how the <span class="s1">SIPC</span> protects investors should a firm go belly-up, why pensioners (and pensioners-to-be) need to familiarize themselves with the PBGC, and how to go about the best state insurance program for your goals!</p> <p class="p2"> </p> <p class="p1"><strong>Key Topics:</strong></p> <ul class="ul1"> <li class="li1">What is the FDIC? (4:16)</li> <li class="li1">Limits on FDIC coverage (8:21)</li> <li class="li1">Defining <span class="s2">“</span>ownership category” (10:48)</li> <li class="li1"><span class="s2">“</span>What can I do to have more protection on my money?” (14:43)</li> <li class="li1">What is the <span class="s1">SIPC</span>? (16:32)</li> <li class="li1">Defining <span class="s2">“</span>custodian” (19:15)</li> <li class="li1">What the <span class="s1">SIPC</span> protect you from (and what it does not) (21:20)</li> <li class="li1">Defining <span class="s2">“</span>separate capacity” (24:28)</li> <li class="li1">What is the PBGC? (25:52)</li> <li class="li1">State insurance programs (27:00)</li> <li class="li1">Our closing thoughts (27:53)</li> </ul> <p class="p2"> </p> <p class="p1"><strong>Resources:</strong></p> <ul class="ul1"> <li class="li3"><span class="s3"><a href= "https://takebackretirement.com/podcasts/how-much-cash-should-i-have-and-where-should-i-be-putting-it/"> <span class="s4">Take Back Retirement Episode 29: How Much Cash Should I Have and Where Should I Be Putting It?</span></a></span></li> <li class="li1">Here<span class="s2">’</span>s a comprehe