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Fdic Insured Investments

Posted on February 15, 2010.
Fdic Insured InvestmentsI have a Roth IRA investment WAMU Inc., which is not FDIC insured. What can I do to protect my money? ?

Should I transfer my money to an FDIC insured bank / institution?

This would be the best choice. I have over 100K in WAMU and I am very nervous. You do not know what I would do. Good Luck.

The investments are protected by SIPC, not FDIC. The only way to transfer to an account that is protected by the FDIC is to ensure that the account contains only instruments that are protected by the FDIC (checking, savings, CDs, etc..)

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