Is it true that any IRA's at brokers over $250k are uninsured?

Discussion in 'Retail Brokers' started by jackpearson, Oct 31, 2011.

  1. Only the first $250k is insured if your position is only cash?

    The rest is uninsured should the broker or the clearing firm go bust?
  2. Assume the fetal position Jack.
  3. huh?

    It's just a question.

    My IRA account isn't up to $250k. I'm just thinking ahead. (hopefully)

    Can you take 1 IRA and move only some of it to another broker? If so do you need to send forms to the IRS?