Long Term CD's - What Happens to FDIC Insurance?
This is not really retirement related but here goes:
I help manage the finances and investments for our home owners association. We recently placed several jumbo CD's for 3 to 5 year terms ($225,000 each). The increased FDIC insurance limit of $250,000 is scheduled to expire after 2013. Does anyone know if these will be "grandfathered" with the higher insurance limit if the increase is not made permanent?
...you can check out any time you like, but you can never leave...