2. If you picked
"True" you are correct. Individual Retirement Accounts (both
"traditional" and "Roth" IRAs) are insured to $100,000 separately from
your non-retirement accounts at the same bank. (Note:
The deposit insurance rules for retirement accounts and pension savings can be confusing.
For example, the rules treat traditional and Roth IRAs differently than employer-sponsored
401(k) retirement plans that may be deposited in the same bank. If all your
retirement-related money in the same bank is near or above $100,000, you may want to
consult the Division of Compliance and Consumer Affairs.)
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