4 thoughts on “5 Steps to Secure Your Investment Account Now and 1 Step to Take Weekly

  1. Thanks, Handy Millennial for helping us understand company privacy policies! Nice information. But I have to say the hammer falling on the egg…too scary! 🤤

    • Hi Bob! Thanks for stopping by! I’m glad you found this helpful. I was quite surprised to learn all of this myself. It’s always better to know!

  2. Another thing to consider on the question “Are you protected?” is whether the company has the money to guarantee the protection.
    What if coordinated hackers stole $250,000 from 10,000 people’s 401k’s in a single day. Even if Schwab admits to a mistake and wants to do the right thing, they don’t have 2.5 billion to reimburse customers.

    I would not do well on any of those good practice checklists.
    This post gives me something to think about.

    • Hi Mr. Jump Start! Nice to see you here. Great point you are bringing up. It’s always an open question whether the companies can withstand the financial liability they are taking on. This is also the number 1 argument I hear against annuities. You are essentially trusting an insurance company to stay solvent at a time in your life when you are least able to earn supplemental income. I think this is why guarantees like the FDIC are critical for ordinary folks like you and me.

      But at this point we just have to put on our helmet, strap on our safety belt, and head out. The best we can do right now is to get educated!

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