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Yes, it is generally wise to invest in a FDIC insured account because it offers protection for your deposits up to a certain limit in case the bank fails.

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5mo ago

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Is it adviseable to move my current 401K to an FDIC insured institution?

If you withdraw from your 401k it might come with a penalty. It might be wise to leave your money in and ride the wave back up when the market rebounds. So is there any way to not be penalized to withdraw from 401k with out a medical reason?


Do I need a Wise account in order to receive money?

Yes, you need a Wise account to receive money.


Why should life insurance not be used as an investment?

It's a very wise question. Because life insurance is a contract between the insured and insurer by virtue of which the later agrees to pay the agreed sum in the case of any eventuality of the insured. Treating life insurance policy as an investment is superfluous in the sense that it serves the dual role as compensation against loss of life vis a vis as an investment instrument,


Are there any online seminars that teach you how to invest?

Yes, there are. Check out this website for a variety of online seminars that teach wise usage of retirement funds: http://www.mrren.com/default/index.cfm/events/online-seminars/how-to-use-retirement-funds-to-invest-in-real-estate/?month=2&year=2011&categoryID=&relatedID= and the online seminar calendar at http://www.mrren.com/default/index.cfm/events/online-seminars/.


What is important to know if you compare online savings account rates?

The first thing most people look for when comparing online savings account rates is obviously a great interest rate. However hidden fees may drain the account in the long run. It is always wise to read the fine print before making a decision.

Related Questions

Is it adviseable to move my current 401K to an FDIC insured institution?

If you withdraw from your 401k it might come with a penalty. It might be wise to leave your money in and ride the wave back up when the market rebounds. So is there any way to not be penalized to withdraw from 401k with out a medical reason?


Is it wise to invest in cruise insurance if I am going to Alaska?

It is always wise to invest in cruise insurance no matter where you are going. This will make you feel better about if you get hurt or something goes wrong yu know you are covered.


Is it wise to invest in fine art paintings at the moment?

Depending if you're a Art lover, it would be wise to invest in simple paintings that are the fine art ones. Don't go for the large Rembrandt or Vespucci.


Do I need a Wise account in order to receive money?

Yes, you need a Wise account to receive money.


Is it wise to be a part of investment banking before the age of 25?

Yes it is wise, it is never too early to invest. Plus, if you invest and have enough money you might be set for life. Start early.However make sure you know what you are doing.


Is it wise to invest a large sum of money in penny stocks?

It is not wise to invest a large sum of money in penny stocks, since it is easy for the investments to go bad and one would then lose a lot of hard-earned money.


Is it wise to borrow money from the bank to invest in the stock market?

That is a breathtakingly bad strategy.


Financial Investing?

form_title=Financial Investing form_header=Invest Smart. Invest Wise. Have a financial expert help you achieve your financial goals. Where is your money currently invested?*= _[100] Do you own stock options?*= () Yes () No Do you have an IRA or a 401k account through your present employer?*= () Yes () No Do you currently work with a financial planner or investment professional?*= () Yes () No


How do you prepare final account in tally?

bill wise detail (on account)


Is it wise to combine my checking and savings account, and why?

It wouldnt be wise to combine unless you are putting money from checking into your savings. A savings account is a little more protected and shouldn't be used as a checking.


Is it wise for a business to invest in online project management software for their employees?

Most of this software is overkill, so it does not make sense to invest in it. A simple spreadsheet can do the trick for most companies. But if you are doing massive projects it would be worth it.


Would it be wise to own a Checking account if one was engaged in Business dealings?

It would be wise to open a checking account. You want to keep your business and personal finances separate in most cases, so this is a good way to help do that.