Tag Archives: simplified employee pension

Sally Writes In And Says “If The Bank Fails My Mother Will Lose $100,000″

“Dear Steve, My Mother has a CD worth $200,000.00 at our local bank. What should we do since the amount wouldn’t be insured if something were to happen? They automatically re-upped the account saying Mother didn’t respond to a letter they sent. She’s 88 yrs old and doesn’t remember receiving any such letter. She has [...]