Since the weather has finally stopped freezing every night, all my chickens have started laying again. The girls love getting the eggs and giving them treats. While its still too cold for me, there is at least a glimmer that Spring is coming.

Since this weeks Newsletter is about not putting your eggs in one basket when it comes to banking, I couldn't let the opportunity pass to feature my chickens!

Mondays for Moms: 🥚 Don’t put all your eggs in one basket! In order to secure your financial legacy in the future you need to be strategic today.

Being strategic means spreading out your money across multiple banks so you can take advantage of FDIC insurance.

Protecting your financial legacy isn't just about security today—it's about ensuring that the fruits of your labor continue to benefit you and potentially your loved ones well into the future.

At The Law Office of Melissa L. Carvajal, PC, I support you to protect all your assets and keep your loved ones out of court and conflict so your Estate Plan works when you need it to.

TV Appearance

Thank you to New York Homicide for featuring me on their show, showcasing the important work that I did when I was the Deputy Bureau Chief of the Homicide Bureau at the Brooklyn District Attorney's Office.

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Did you know?

Understanding and addressing FDIC insurance limits is a crucial part of protecting your legacy. FDIC insurance has different coverage categories that could protect more than $250,000 at a single bank? 🏦 🤔 Credit unions offer similar protection to banks through the NCUA, covering up to $250,000 of your deposits.

💬 Smart financial planning means knowing how to protect your life savings from bank failures. In order to secure your financial legacy in the future you need to be strategic today. 

WEEKLY FAQ:  How can I protect my money if I have more than $250,000 in savings?



Answer:

First, know that different account categories are insured separately – individual accounts, joint accounts, and retirement accounts each get their own coverage. For example, a married couple could protect up to $1 million at one bank by having individual accounts ($250,000 each) plus a joint account ($500,000). Another approach is spreading money across multiple banks, gaining $250,000 coverage at each institution. For larger amounts, consider cash management accounts that automatically distribute your deposits across multiple banks, or Treasury securities backed by the U.S. government. The key is creating a plan that balances protection with your broader financial goals.