To determine your deposit insurance coverage or ask any other questions specific to deposit insurance, please visit the FDIC Information and Support Center or call 1-877-ASK-FDIC (1-877-275-333). When an economic crisis hits and the stock market crashes, people worry about their money and how to protect it. If you have a retirement account that is a traditional IRA or a Roth IRA, you may be wondering whether it is protected by FDIC insurance. Here’s what you need to know. You can use the FDIC’s Bank Find website, call the agency at 1-877-275-3342, or look for official FDIC signs at bank locations. Banks are insured with the FDIC, but it doesn’t hurt to confirm this for peace of mind.
Since different self-governing IRA custodians accept different types of investments, the key is finding the right company to help you with this process. Your self-managed IRA may hold real estate that is titled in the IRA’s name, or shares in an LLC or LP that owns real estate. While the FDIC covers deposit accounts held within a traditional IRA or Roth IRA with a financial institution insured by the FDIC, not all IRA accounts fall into
this category.
