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Re: dstock07734 post# 564781

Saturday, 02/04/2023 2:03:17 AM

Saturday, February 04, 2023 2:03:17 AM

Post# of 701758
Thanks dstock it helped with respect to the brokerage, 401K, traditional IRA, Roth IRA, accounts each being protected $500k, with cash being protected up to $250K.

Not sure how sipc applies to accounts kept with multiple brokerage companies, whether each company gets independent treatment.

The bulk of my financial life is tied to one company, as it happens my former employer uses the same company to administer the pensions and the retirement savings plan (401k). However I think the pension falls under a different category and is backed by former employer pension obligations and funds, with the government pension guarantee protection of a certain fraction of the pension.

Not sure how the retirement plan assets are treated and protected.

So net-net, I think we should be careful to distribute the brokerage account assets and cash if sipc treats accounts at different brokerage companies independently.

If we gain vast riches from our nwbo investment we may want to move some eggs into different baskets smile
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