wealth building

What Actually Backs Bank Deposits, and What Doesn’t?

What Actually Backs Bank Deposits, and What Doesn’t?

Quick answer: Bank deposits (checking, savings, CDs) up to $250,000 per depositor per bank are backed by the FDIC, an independent federal agency - this is real, verifiable insurance, not a claim that your savings are secretly 'collateral' for something else, though amounts above the coverage limit...

Does a Gold IRA Actually Protect You From Creditors?

Does a Gold IRA Actually Protect You From Creditors?

Quick answer: Partially, and it depends on where you live. IRAs (including Gold IRAs) get a federal bankruptcy exemption, but protection from creditors outside of bankruptcy is set by state law, which varies a lot. This article is grounded in the topic actually covered by the referenced video...

U.S. National Debt

The current U.S. national debt:
$40,047,726,949,770

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