Are Your Retirement Accounts Safe?

With more banks expected to fail, it's a good time to look into the protections available for your retirement accounts

In the wake of the historic government bailout of Fannie Mae (FNM) and Freddie Mac (FRE), investors wonder which bank will fail next. Indeed, images of customers lined up last July outside offices of the failed IndyMac Bank to withdraw their money are hard to forget. The Federal Deposit Insurance Corp. (FDIC) recently reported that 117 banks, the highest number in five years, are on its "problem" list, and "more banks will come on the list as credit problems worsen."

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