Those with high cash investments can rest a little easier. The FDIC and NCUA Insurance levels of $250,000 were extended another few years and will now expire December 31, 2013.
Also, keep in mind that most banks have enrolled in the TAGP plan which offers unlimited insurance to non-interest bearing accounts (checking accounts - see footnote one). Unless you are a business you shouldn't have too much cash laying around in a noninterest bearing account though.
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IRS CIRCULAR 230 DISCLOSURE REQUIREMENT: IRS Circular 230 requires us to notify you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed by law.
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