Q: If one is rolling over a 401(k) into an IRA and the amount of money is over $500,000, should the money be divided up between institutions to be covered by insurance, should the institution go under? Fidelity says that all amounts over that are covered by an insurance policy by Lloyds of London. Is that sufficient or should the money be rolled into two or three IRAs at different companies? More in the Sacramento Bee here.
