Welcome to another edition of Finance University, where we explore all things finance with the goal of helping you understand and be educated about financial and economic topics.
Today Paul helps us understand what protection SIPC really offers to investors. The limit is $500,000 for assets and $250,000 for cash per account.
This offers some additional protections if multiple accounts are involved but Paul discusses that there are some details that matter, so be sure to pay attention to those if this is of interest to you.
Further, everything is only as good as the SIPC fund as compared against the potential losses. Everyone has to make their own assessment of that ratio. For my part, I am convinced that Congress would be nearly unable to provide the necessary bail-out funds should the SIPC be overwhelmed, but your assessment may be different.
As always, we hope you enjoy the show!
Peak Prosperity endorses and promotes Kiker Wealth Management’s financial services. To arrange a completely free, no-obligation discussion of your personal financial circumstances and goals with someone who speaks your language and thoroughly shares your outlook on the world, please click this link to go to Peak Financial Investing to begin the process.
FINANCIAL DISCLAIMER. PEAK PROSPERITY, LLC, AND PEAK FINANCIAL INVESTING ARE NOT ENGAGED IN RENDERING LEGAL, TAX, OR FINANCIAL ADVICE OR SERVICES VIA THIS WEBSITE. NEITHER PEAK PROSPERITY, LLC NOR PEAK FINANCIAL INVESTING ARE FINANCIAL PLANNERS, BROKERS, OR TAX ADVISORS. Their websites are intended only to assist you in your financial education. Your personal financial situation is unique, and any information and advice obtained through this website may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.
by talcatcha