Are IRAs at Brokerage Houses Insured by the Federal Government?

Answer No. Investments at brokerage houses are protected by the Securities Investor Protection Corporation (SIPC), which will cover your losses up to $500,000 in the event of brokerage house failure or fr... Read More »

Top Q&A For: Are IRAs at Brokerage Houses Insured by the Fed...

Are certificates of deposit insured by the federal government?

On One Hand: FDIC Does Insure Certificates of DepositThe Federal Deposit Insurance Corporation (FDIC) does insure certificates of deposits for up to $250,000 per depositor for each separate thrift ... Read More »

What year did the government allow regular IRAs to roll over to Roth IRAs?

Roth IRAs were formally legislated as a result of the Taxpayer Relief Act of 1997. This legislation permitted new Roth IRAs to be created for tax year 1998 as well as the "conversion" of traditiona... Read More »

Are IRAs insured?

On One Hand: Most IRAs Have Some InsuranceThe Federal Deposit Insurance Corp. (FDIC) covers IRAs at federally chartered banks against bank failure. The Securities Investor Protection Corp. (SIPC) c... Read More »

Are brokerage accounts insured?

The Securities Investors Protection Corporation, a non-government entity, protects investors when a brokerage firm closes because of bankruptcy or other financial reasons. It insures up to $500,000... Read More »