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Home > Consumer Protection > Consumer News & Information > FDIC Consumer News |
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FDIC Consumer News
Winter 2003/2004 Test Your Deposit Insurance IQ 6. If you picked "False" you are correct. All of your self-directed retirement accounts at the same insured bank (self-directed means that you decide where the money is deposited) are added together and the total is insured up to $100,000. Opening multiple IRAs or adding beneficiaries will not increase insurance coverage.
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Last Updated 01/22/2009 | communications@fdic.gov |
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