Quote:
Originally Posted by rsmurano
IMO, don’t have a lot of your money just sitting around as cash because the banks are having major issues and money just sitting around above $250k ($500k if joint) because fdic only covers $250k or $500k. I moved most of our money to 1 money market paying 4.85% a month ago
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Yeah, I'm keep an eye on that. I bought some CDs through Vanguard that, even tho FDIC insured, are currently making me nervous. Having more than 500,000 in Vanguard MM would make me nervous too.