Comments on: FDIC Limit of 100K or 250K – Who Cares? http://www.creditnet.com/blog/investments/fdic-limit-of-100k-or-250k-who-cares A Blog About All Things Credit Fri, 27 Aug 2010 23:31:23 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Joshua Heckathorn http://www.creditnet.com/blog/investments/fdic-limit-of-100k-or-250k-who-cares/comment-page-1/#comment-50 Joshua Heckathorn Thu, 06 Nov 2008 15:49:02 +0000 http://www.creditnet.com/blog/?p=113#comment-50 Thanks for your comment JoBama. I'm glad to hear the majority of your clients are happy with the change. I didn't say it was a bad thing at all. In fact, I'm pleased with the change as well! My point was that unlike what politicians would have the general public believe, the change will really have little effect on the overall state of the economy and the credit markets. And for those of us who do have more than $100K saved, in addition to our other retirement investments, it has always been easy to insure the cash and spread it across multiple accounts or banks. Who wants to leave it all in the same place anyway? Thanks for your comment JoBama. I’m glad to hear the majority of your clients are happy with the change. I didn’t say it was a bad thing at all. In fact, I’m pleased with the change as well!

My point was that unlike what politicians would have the general public believe, the change will really have little effect on the overall state of the economy and the credit markets. And for those of us who do have more than $100K saved, in addition to our other retirement investments, it has always been easy to insure the cash and spread it across multiple accounts or banks. Who wants to leave it all in the same place anyway?

]]> By: JoBama http://www.creditnet.com/blog/investments/fdic-limit-of-100k-or-250k-who-cares/comment-page-1/#comment-49 JoBama Thu, 06 Nov 2008 12:25:36 +0000 http://www.creditnet.com/blog/?p=113#comment-49 Actually, I work in the investment field. I would say 90% of my clients are happy about this increase and will benefit directly. My average client is retired, making $20K-$50K a year when working; and has saved OVER $100K. The average SHMO has more then $100K saved. So if you dont, consider yourself (SCREWED) when the GREATER depression get's here. Actually, I work in the investment field. I would say 90% of my clients are happy about this increase and will benefit directly. My average client is retired, making $20K-$50K a year when working; and has saved OVER $100K.

The average SHMO has more then $100K saved. So if you dont, consider yourself (SCREWED) when the GREATER depression get’s here.

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