Hosted on MSN1mon
‘My strategy may be flawed’: Will I lose out on $500,000 SIPC insurance coverage if I only have one investment account?
Here is how I manage my accounts, but my strategy may be flawed: As a retiree, I set up multiple accounts at the same firm, keeping each one under the $500,000 SIPC limit. What do you think?
Kiplinger1y
What Is FDIC, NCUA and SIPC Insurance? How Much Does it Cover?
The Securities Investor Protection Corp. (SIPC) is an independent body that protects investments and brokerage accounts. Brokerages are required by law to keep customers’ investments separate ...
MarketWatch1mon
‘My strategy may be flawed’: Will I lose out on $500,000 SIPC insurance coverage if I only have one investment account?
This letter is in response to a question you received about having one or more brokerage accounts. There is also the question of an insured Securities Investor Protection Corp. limit of $500,000 ...