I confess ignorance

[kjfreeze]

Bank failures are imposing fear. Is my money safe sitting in a bank right now? And what about retirement plans? Gold? Silver? Do nothing?

The System Is Starting to Unravel at a Pace That Is Absolutely Breathtaking​

https://conservativeplaybook.com/20...el-at-a-pace-that-is-absolutely-breathtaking/

 

[Capt Ron 1]

Bank failures are imposing fear. Is my money safe sitting in a bank right now? And what about retirement plans? Gold? Silver? Do nothing?

The System Is Starting to Unravel at a Pace That Is Absolutely Breathtaking​

https://conservativeplaybook.com/20...el-at-a-pace-that-is-absolutely-breathtaking/

As long as you do not have more money in one bank than the FDIC will insure...you are OK. 250k is what they will cover

 

[NavigatorII]

As long as you do not have more money in one bank than the FDIC will insure...you are OK. 250k is what they will cover

250k per person. Joint accounts are 500k. Trusts are 250 per beneficiary.

 

[Mdfgator]

The issue is why are you sitting with any decent amount of cash in an account likely paying close to nothing. Buy some t bills or a treasury mm. Don’t be a sheep.

#sheeple

 

[NavigatorII]

The issue is why are you sitting with any decent amount of cash in an account likely paying close to nothing. Buy some t bills or a treasury mm. Don’t be a sheep.

#sheeple

Don't be a dumbass. Why tie up money that long with the Potato in office, inflation ain't going away with him in there. Bank CD rates are as high as 5% for 7 months. Ask me how I know.

 

[Mdfgator]

Don't be a dumbass. Why tie up money that long with the Potato in office, inflation ain't going away with him in there. Bank CD rates are as high as 5% for 7 months. Ask me how I know.

Mm are liquid and tbills are 1 year and less. They are also state tax free. You seem like a cd type though…

 

[NavigatorII]

Mm are liquid and tbills are 1 year and less. They are also state tax free. You seem like a cd type though…

Only sheep live in states that tax CDs. 😂