Actually stilloutthere is correct, and this is not known by most people. The initial coverage of $250,000 was only until the end of this year. In May of this year, FDIC extended the $250,000 coverage until the end of 2013. Starting 1/1/2014, all insured deposit amount will return to $100,000 unless another extension is granted. Check out here for more information.

So stilloutthere is not correct, because his/her post stated that the limit would be reduced at "the end of the year," implying the end of this year. Since the limit is good through 2013, we don't have to worry about that issue for over 4 years.

250K coverage is per owner of each account, duration is extended on May 26, 2009 to Dec 31, 2013!
http://www.fdic.gov/deposit/deposits/DIfactsheet.html

Things are really much worse than what the government and Wall Street want you to believe:
Here is the Aug 27 statement from Sheila Bair

http://www.fdic.gov/news/news/press/2009/pr09_qbp.html

Sorry my post wasn't clear. I meant stilloutthere was partially correct the higher limit was extended and he missed it. I then wanted to point out the higher limit was not permanent, but would expire at the end of 2013 (initially the end of this year). A lot of people I came across were not aware of this part.

Buy another house.

$2,750 / (112,500+21,525) = 0.0205+

The calculation is based on the amount we would otherwise pay to fly MIA-LHR-MIA. $2,750 is a typical discounted business class fare on Virgin Atlantic, excluding taxes and fees. 112,500 is the amount of miles we would redeem on AA (eastbound in first class, westbound in business). 21,525 is the miles we would earn on a paid VS ticket.

We have no problem redeeming awards on this route, in part because all three non-stop carriers (AA, BA, VS) offer one-way awards. We accumulate miles in all three programs and can mix carriers based on availability.

Texas Capital Bank, NA which owns BankDirect is rated four stars, but with a "declining" Predictive Indicator.

http://www.bankrate.com/rates/safe-s...?fedid=2618780

Obviously, since May.

Forget the points, earn interest.

+1 to Alliant. I've found them to be an excellent Credit Union. Great web site, great service, friendly people, and their checking/savings rates are awesome (currently 2.0% savings, 1.75% checking)

They are the 7th largest in the county (http://creditunionaccess.com/top50creditunions.htm ). They have more than $6 billion in assets, and over 250K members. So, I don't think between their size and the backing of the FDIC like NCUA you have anything to worry about. That is unless you are thinking the banking system in general going to collapse. If you do, I'd recommend Krugerrands.

BTW, they were originally United's employee credit union "back in the day". Your first free order of checks feature United aircraft. :)

I wonder how long it'll take their printers to run out of that particular paper stock? :)

What are "checks?" ;)

Regards

Funny thing is every 5th check is a "Ted" A320. :D

I believe this might be the correct answer.

Have you checked the tax implications of selling your house? If you had a capital gain, you may want to roll that into another property soon (even if it's an investment property) in order to avoid paying the capital gains tax.

Deleted.

Capital gain on selling a house that is one's primary residence and occupied 2 out of the 5 years preceeding the sale, is only taxable ABOVE 250,000 gain. Hard to imagine a $150K proceeds would have a capital gain higher than 250K. Besides, only the portion above 250K is taxable.

Only investment property requires the roll-over method to DEFER tax.

If OP inherits the property, the value is determined as market value at the time he inherits it - chances are, the market value would be much higher when the inheritance taken place than now.