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Old 01-23-2013, 06:09 AM   #21
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My DW and I have VG for our Roth's, Rollover IRA's and brokerage. Our 401K / 403b funds are with Fidelity. I had planned to roll it all into VG, however now that the Fidelity Spartan Adv class shares are very close to VG Admiral in expenses we may keep them separate just in case.
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Old 01-23-2013, 07:32 AM   #22
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When I was nearing my ER date in 2008, I became a little concerned about the $500k SIPC limit. However, Fidelity has excess insurance coverage of assets which made me feel better.

Back in the 1990s I had a more even split of investments (excluding my 401(k)) between Fidelity and another company. But in the 2000s, after a few bad returns in the funds of the other company, I stopped investing more money with them. Still, I am glad to have not quite all of my eggs in a single investment company basket. If something strange happens with Fidelity and I can't access my money from them for a short time, I can still go to the other company to tap into funds in a pinch, like an "emergency brokerage company."
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Old 01-23-2013, 07:34 AM   #23
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Quote:
Originally Posted by scrabbler1 View Post
When I was nearing my ER date in 2008, I became a little concerned about the $500k SIPC limit. However, Fidelity has excess insurance coverage of assets which made me feel better.
Many institutions have additional insurance coverage above the SIPC limits.

Here is vanguards

https://personal.vanguard.com/us/wha...ountprotection
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Old 01-23-2013, 07:39 AM   #24
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Note the above refers to 'brokerage accounts'. This should get your attention:

Quote:
Vanguard Brokerage Services is a division of Vanguard Marketing Corporation. Vanguard is a member of SIPC, which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). Explanatory brochure available upon request at www.sipc.org.*

In addition, a private company provides for coverage of losses in your brokerage account that would exceed the SIPC limits. Neither SIPC or private coverage protects against loss in the market.

Vanguard mutual funds, including any Vanguard money market fund linked to your Vanguard brokerage account, are not covered by the SIPC.
https://retirementplans.vanguard.com...kInsurance.jsf

And from Fidelity:

Quote:
While SIPC and Lloyd’s of London protection applies to brokerage accounts, it does not apply to directly–held mutual fund accounts.
http://personal.fidelity.com/global/...priority.shtml
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Old 01-23-2013, 08:34 AM   #25
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Good point ( probably overlooked ) MF in general are not covered. If held in a brokerage account, they are.

I thought the Treasury Dept back stop program for MMFs got extended but I can't find a link for it.
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