The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks.
That's the bank limit for all trusts only. Each ownership category still gets its own $250K per owner, except trust coverage is calculated per owner per beneficiary. (A trust with two owners and 5 beneficiaries gets coverage of $250K x $2 owners x 5 beneficiaries = $2.5M.)
A POD account is considered a trust account and an IRA is considered a "certain retirement account" - two different ownership categories. So the former is covered up to $250K/beneficiary and the latter gets its own $250K limit.
The rule change is that the coverage on trust accounts is limited to $250K/beneficiary per trust owner, but now only up to 5 beneficiaries, i.e. up to $1.25M if you name five or more beneficiaries. It used to be that if you named six beneficiaries, you'd get 6 x $250K = $1.5M coverage.
(There is a second rule change that combines revocable trusts and irrevocable trusts into a single ownership category.)
So if you have
- $1.8M in a POD with 6 beneficiaries and
- $300K in an IRA (retirement account) at the same bank
you used to get $1.5M coverage for the POD (6 x $250K) and $250K coverage for the IRA.
Now, you get $1.25M coverage for the POD and $250K coverage for the IRA. The remaining $550K in the POD and the remaining $50K in the IRA are uninsured.
You can check this with the FDIC calculator. https://edie.fdic.gov/calculator.html
For a complete description, see:
https://www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits/index.html

MFO Premium FLOW for MRFOX shows huge AUM growth in 2 yrs.

Positive vibes on this fund is for a couple reasons. Long term record going back 30 years with same strat is outstanding vs sp500. Up/ downside not even close. Very experienced fund MGMT, not just one star manager. Doesn't hold any of the glamour tech stocks
Negative vibes are doesn't hold any of the glamour stocks. Concentrated. Hope they don't get stuck so to speak in large positions ala AKREX.
Still my largest position but watching it like a hawk.
Best regards
Baseball fan

@fred495 - to reinforce yogi, the trick here is to buy brokered CDs through your brokerage, and spread them around through different banks. Maybe 50k here, 50k there.

However, my plan is to buy five CDs through my brokerage firm in my TOD and in my IRA accounts at $250K each, for a maximum of $1.25 million. Of course, I will spread the CDs around at five different banks.
Do see a problem with that in terms of being fully covered by FDIC insurance?

@fred495 - to reinforce yogi, the trick here is to buy brokered CDs through your brokerage, and spread them around through different banks. Maybe 50k here, 50k there. I try to look for banks that are more or less main-line. But be careful on "callable"- Morgan Chase has good rates but their stuff is mostly callable before maturity.
Also consider Treasury bonds- I use Schwab, and at the moment Treasury maturity rates in the secondary markets are pretty close to CD rates. My ladder goes out to early 2028, with a mix of CDs and Treasuries.

You can have brokered CD from a bank, and then at bank itself, you can have personal a/c, joint a/c, IRA a/c, multiple POD/TOD CDs. Under the current system, all that can add up to a lot at the same bank. But the new FDIC limit will be $1.25 million for all assets associated with a person.
Since you are planning to buy brokered CDs from DIFFERENT banks, you are well covered just by the $250K FDIC limit per bank.
As I read your OP, you shouldn't be concerned. But don't fish for bad banks thinking that FDIC will protect you. In a way, it will if the bank fails, but your CDs may be reissued at lower rates.

The relentless inflows continue with April inflows. Each month this year saw more inflows than the previous month or at anytime in the history of the fund. With its short term redemption fees, this is a fund for long term holders so YTD performance is not necessarily important but it happens to be at 57 percentile rank at M* in the large growth category (misclassified? In stock style history, the fund is in the large growth box in 2024 but in Stock Style Map it is on the border of growth and blend, and in blend category it seems to do fine.). Fund still not available at Fidelity. I do not have any other update. Any one else?

The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks. The FDIC coverage kicks in when the bank fails.
For cash and securities held at brokerage, the SIPC insurance limits would apply. The SIPC kicks in when the brokerage fails.

Thanks for your reply, yogi.
However, I am confused when you say that: "The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks."
Based on my example, which "various tricks" are you referring to? How should I modify my plan to avoid using any "tricks"?
Thanks.

The FDIC coverage is for all personal assets held at a bank with the new max $1.25 million considering various tricks. The FDIC coverage kicks in when the bank fails.
For cash and securities held at brokerage, the SIPC insurance limits would apply. The SIPC kicks in when the brokerage fails.

Here is, I am sure, a stupid question, but I need some reassurance.
I have a TOD and an IRA account at a brokerage firm. Before CD rates decrease, I plan to purchase several CDs in both accounts from different banks.
Does the FDIC insurance maximum of $250,000 apply to the CD's of each bank, or to the TOD and/or IRA brokerage account?
In other words, can I have, for example, three CDs of $250,000 each in three different banks in my IRA brokerage account, and two CD's in my TOD account also of $250,000 each in other non-overlapping banks, and be fully FDIC insured for a total of $1,250,000?
Your reply is much appreciated.

Thanks @hank. Amazingly, the statistics for these 2 funds are so close over the past 4 years (shown below from portfolio visualizer). You wouldn't know one invested in stocks and the other in ETFs. I hold LCR now, just because it's easier to buy ETFs on dips. At least in my mind. I intend to work the fund up to 5% of my portfolio. Once I do, I may convert to LCORX, or not. Based on the numbers it probably doesn't matter much.
ticker CAGR STD bestY worstY Sharpe Sortino
LCORX 7.34% 10.64% 15.2% -6.8% 0.52 0.78
LCR 7.23% 10.57% 13.8% -7.6% 0.51 0.79

LCR holds 4.07% in Direxion Daily S&P 500 Bear 1x Shares.

Don't look now but a utilities fund I follow (UTG) is up 6.5% over the last 3 weeks. Hopefully Giroux is on to something.

They started doing well shortly after Buffet said he wanted no more to do with them. That's the way it seems to me anyway. :)

If I had turned down all but 4-5% of the most attractive investments (or dates) in my lifetime I would have no nest egg today and I’d still be trolling dating sites instead of being married for 58 years. Sometimes it pays to accept some risk and the reality that some bets don’t pay off. The joke seems to be on the person who thinks he/she is as attractive as the top 5% of the datable market.

This morning, Multisearch isn't working and ends with the following message:
"This site can’t be reachedwww.member.mfopremium.comhttps took too long to respond.
Try:
Checking the connection
Checking the proxy and the firewall
Running Windows Network Diagnostics
ERR_CONNECTION_TIMED_OUT"
Other features seem to be working fine.

If I’m reading M* correctly, BRUFX is holding over 30% in cash while WBALX holds only around 8%. However, WBALX is quite heavily invested in bonds of varying maturities. Those bond holdings are substantial enough to lower WBALX’s overall equity weighting (44%) to below that of BRUFX (65%). Difference in longer term risk profile (assuming competent managers) IMHO doesn’t amount to ”a hill of beans” as grandma used to say. And @msf is spot-on here.

Is it working for you? When did you switch?
If it was on Dec 29 (Dec 30, 31 was a weekend), then yes, it is working for you.
If it was 6 months ago, then you're behind, +7.33% vs. 10.67%.
If it was 3 months ago, then you're behind, +1.13% vs. +2.27%.
If it was 2 months ago, then you're behind, -0.58% vs. +1.17%.
If it was 1 month ago, then you're behind, -0.58% vs. +0.03%.
1 month, 2 month, 3 month, 6 month data from M* chart comparisons as of 5/8/24 close. You wrote about switching two months ago, here and here.
IMHO it is silly to look at such short time frames. Also with just a 7 basis point "win" YTD, WBALX could easily drop behind in a single day. Talk about short term!
Not intending to burst your bubble, just suggesting that switches don't prove themselves out one way or the other with short term performance unless you are a frenetic trader. Give it time.

New MFO Premium FLOW tool provides the asset flow history for TCAF.
https://i.ibb.co/rs7vB9g/TCAF-MFO-FLOW-050924.png

AAII Sentiment Survey, 5/8/24
BULLISH remained the top sentiment (40.8%, above average) & bearish became the bottom sentiment (23.8%, below average); neutral became the middle sentiment (35.4%, above average); Bull-Bear Spread was +17.0% (above average). Investor concerns: Elections, budget, inflation, economy, the Fed, dollar, Russia-Ukraine (115+ weeks), Israel-Hamas (30+ weeks), geopolitical. For the Survey week (Th-Wed), stocks up, bonds up, oil up, gold flat, dollar down. Major indexes rose above 50-dMA. Poor seasonality May 1 - Oct 30. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1466/thread

Before doing anything, you might first consider checking your credit reports from all 3 agencies. (You could get those free here: https://www.annualcreditreport.com)
Hopefully, you will not see anything alarming and the entire incident would turn out to be a nasty hoax.
However,
If there was indeed a personal loan taken out in your name, you would see the details on the report, and would have the relevant information to contact SBA; or
If the loan was taken in your name on a business, you would at least see an SBA inquiry on the report, and again would have something concrete to contact SBA with.
In either case, doing a credit freeze as Old_Joe suggested would seem like a good idea then, until you have a chance to sort things out with SBA.
Finally, it would have been difficult for and, likely, not the goal of anyone to collateralize this loan - assuming it was actually made. If so, I believe the amount would be $14K personal / $25K business at the most, so it is unlikely to be a six or seven figure loan and should be relatively easier to clear up. (I could not find the SBA link for this, so here is one from the lending site.)
Hope this helps.