3min chapter

The Long View cover image

Michael Kitces: How Higher Yields Affect Asset Allocation and Retirement Planning

The Long View

CHAPTER

How to Affect Your Assets Across the Two Silos

The federal money market mutual fund, no FDIC protections relative to the bank FDIC insured deposit. How should people size up the risks there and approach how to apportion their assets across those two silos? The irony is that my treasuries are backed by the full faith and credit of the United States government. Ultimately, if my government is going to default, if that's the thing we're worried about, FDIC isn't going to have a lot to say as well at that point.

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