With the current state of the economy there, is growing concern for our financial institutions stability. Remember that your checking and savings accounts are only FDIC insured up to $100,000 per person per institution. Any moneys over $100,000 could and would be lost if there was a collapse of that bank. Some banks' accounts (mutual funds and annuities) are not insured at all, please contact your bank to find out more about those accounts.

Your IRA accounts are FDIC insured up to $250,000 per person per institution.