Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Federal MMF insurance ends today.
Old 09-18-2009, 12:39 PM   #1
Thinks s/he gets paid by the post
IndependentlyPoor's Avatar
Join Date: Jul 2009
Location: Austin
Posts: 1,142
Federal MMF insurance ends today.

Today the Treasury's temporary money market insurance ends. Anybody worried?

money-funds-lose-a-safety-net.html: Personal Finance News from Yahoo! Finance

IndependentlyPoor is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-18-2009, 01:18 PM   #2
W2R's Avatar
Join Date: Jan 2007
Location: New Orleans
Posts: 34,843

Now, if only interest rates on VMMXX (Vanguard Prime MM) would rise to a reasonable level again, I'd be really happy with it.

"You can never cross the ocean until you have the courage to lose sight of the shore." - - - C. Columbus
W2R is offline   Reply With Quote
Old 09-18-2009, 01:48 PM   #3
Full time employment: Posting here.
Lusitan's Avatar
Join Date: Jan 2006
Location: Boston
Posts: 620
I'm not greatly worried about Vanguard's money market funds, but I do admit that the news gives me pause and makes me consider the amount of money I have in money market funds versus FDIC insured account.

Last year when SHTF I made sure all my emergency fund was in FDIC insured accounts. The other short term savings I hold is generally earmarked for something specific (a car, a large payoff amount for student loans etc.) and doesn't sit there very long, but good to remember these accounts are not backed by the FDIC.

Although, these days, isn't everything 100% guaranteed by the government, including the value of my baseball card collection? ;-)
Lusitan is offline   Reply With Quote
Old 09-18-2009, 02:15 PM   #4
Thinks s/he gets paid by the post
Bikerdude's Avatar
Join Date: Jul 2006
Posts: 1,901
Originally Posted by Lusitan View Post

Although, these days, isn't everything 100% guaranteed by the government, including the value of my baseball card collection? ;-)
My Mom threw mine out in 1969. Do you think I have a claim?
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Federal Long Term Care Insurance Premium Increases Purron Health and Early Retirement 77 11-24-2009 07:17 PM
USA Today Article on Health Insurance tomz Health and Early Retirement 2 01-22-2008 11:47 AM
FDIC/NCUA insurance question (re: Pentagon Federal) magellan_nh FIRE and Money 24 01-10-2007 04:22 PM
Comparing yield between Vanguard MMF and Emigrant Direct? soupcxan FIRE and Money 26 11-24-2006 08:51 AM
CD/MMF - What Rate Are You Getting Danny Other topics 9 05-17-2006 06:41 PM


All times are GMT -6. The time now is 04:53 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.