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

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

  1. jackpearson

    jackpearson

    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?
     
    #1     Oct 31, 2011
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  2. denner

    denner

    Assume the fetal position Jack.
     
    #2     Oct 31, 2011
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  3. jackpearson

    jackpearson

    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?
     
    #3     Oct 31, 2011
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