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Safeguarding Your Money with Alternative Investments – Part 2

Safeguarding Your Money with Alternative Investments – Part 2

The little FDIC sticker on your bank’s door means that you are protected if the bank collapses and loses your money. Should that happen, the federal government has promised to step in and reimburse what you lost. The catch is that this is limited to one hundred thousand dollars. Want to know another fact about the FDIC? They do not insure your investments – at all. So, if the guy running your 401(k) pulls a Bernie Madoff (or a Bernie Sanders) and takes all your money, you are out of luck.