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Economy

in2herbs

(3,183 posts)

2. I'm looking around for a place to park some of my money while keeping within

Reply to mahatmakanejeeves (Original post)

Tue Jan 24, 2023, 12:21 PM

Jan 2023

the FDIC coverage. A higher interest rate is of no use to me if the money is not govt. insured.

Congress should allow owners of 401ks that are less than $500,000 in value to withdraw and/or close their 401k and put $$$ into an interest bearing account that is not at risk of stock market fluctuations and protected by FDIC.

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Rich Customers Pull Money From Banks Offering Paltry Interest Rates [View all] mahatmakanejeeves Jan 2023 OP

I am not wealthy but I sure am not leaving my money in a bank that pays .20% interest. nt doc03 Jan 2023 #1

I'm looking around for a place to park some of my money while keeping within in2herbs Jan 2023 #2

"to withdraw and or close their 401k" either that, or mandate that all 401k plans offer these progree Jan 2023 #3

Last I read the average 401k was $140,000. Leaving it in a 401k it will be subject to stock market in2herbs Jan 2023 #4

I think virtually all 401k's allow for fixed income investments? But not necessarily all the progree Jan 2023 #5

I thought I read that under a bill Congress just passed that withholdings are now in2herbs Jan 2023 #6

No, not IRAs, but yes, I believe that's true for 401k's, unfortunately progree Jan 2023 #7