Is your bank deposit at risk? FDIC and SIPC Insurance demystified.

In the wake of the failures of Silicon Valley Bank SVB and Signature Bank, many are wondering if their life savings invested in bank deposits are at risk.  The FDIC covers each deposit upto 250K but this insurance can be maximized with different account types and banks.  For those who have large deposits, it is important to understand the FDIC insurance and its limitations and understand the Plan B to protect their savings.  

NANBENs Mark Chockalingam and Sathu Alagappan will be hosting a panel of Financial Planners  Ari Strait and  Nick Blencowe, both based out of the Maryland offices of Schwab to discuss the following topics.  

1. FDIC Insurance – What is it, What does it cover, How can one maximize it

2. SIPC Insurance – What is it, What does it cover, What does it not cover. How is it different from FDIC?
3. Brokered CDs – What are they and what purpose do they serve
4. Money Market Funds - Are they right for you?
5. Direct Ownership of Treasury Bills, Bonds, and Notes, as well as ETFs of the same

Please join us for an insightful and educational session on what safeguards are available to protect your savings and minimize risk. 

Webinar recording is available here (restricted to members only, please login/sign up)