[politicket]

Have no more than $100,000 in any one bank. This is not a problem for some.

That is good advice for banks, but it doesn't apply to 401K accounts where most individuals have stashed their retirement income.

[Thinkin]

That will happen to a 401K when $$ is in
Money Market not stocks?

[RightWhale]

I don’t know about 401K, it coming on line when I was already decompressing for retirement. The question there might be whether funds and stocks might retain their value, I suppose. Funds might shut down. Stocks: you own. If the Company stays in busines, you would still own a piece.

[PAR35]

That is good advice for banks, but it doesn't apply to 401K accounts where most individuals have stashed their retirement income.

Qualified retirement accounts are insured up to $250K. If you have more than that in cash, you need more than one bank - or better yet, set up a treasury ladder.