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From Bloomberg News
As expected, the Federal Deposit Insurance Corp. more than doubled the amount of insurance on some retirement accounts, raising the ceiling to $250,000 from $100,000, the first increase in more than 25 years.
The new limit takes effect April 1. The higher limit will apply to deposits including Keogh accounts, Roth IRAs and 401(k) plans, the FDIC said Tuesday. Insurance on other accounts will remain at $100,000.
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