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Personal Investments • Where to park $1.8mil?

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Get a revocable living trust. In it, include multiple beneficiaries. Your FDIC insurance increases substantially - $250k per beneficiary per account owner if I remember correctly. So it you have 4 beneficiaries, you and your wife would have 2 million in insurance.

To calculate your FDIC insurance within a trust:
https://edie.fdic.gov/index.html

Statistics: Posted by LISD — Mon May 20, 2024 11:44 pm — Replies 21 — Views 4628



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