The maximum insurance limit on qualified retirement deposits was raised from $100000 to $500,000.

Question

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The Federal Deposit Insurance Corporation (FDIC) insures deposits at banks and thrifts, and the National Credit Union Administration (NCUA) insures deposits at credit unions, both up to $250,000 per depositor, per insured bank, for each account ownership category. There has been no increase to $500,000 for retirement deposits specifically.

The Maximum Insurance Limit on Qualified Retirement Deposits Was Raised