BONUS call: SIPC
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 2 January 2018
⏱️ 6 minutes
🧾️ Download transcript
Summary
Raise your hand if you know what SIPC stands for? That's what I thought :) Thanks to Jim, our first BONUS caller of 2018, you're all going to get educated a bit! Have a finance question? We want to hear from you! Email us at askjill@betteroffpodcast.com and we'll arrange to get you on. Don't forget, a brand new episode of the Better Off podcast comes out Thursday so stay tuned for more listener questions plus an informative interview. Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2
Transcript
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| 0:00.0 | Welcome to the Better Off Bonus Call the Week. We're sponsored by Betterment, the largest independent |
| 0:09.0 | online financial advisor. Well, this is one of the great benefits of hosting a podcast. I get to talk to real people |
| 0:17.0 | about what's going on in their financial lives. And if you would like to actually give us a holler, we would love to have you on the program. |
| 0:26.0 | You've got two chances to get on the show. |
| 0:28.0 | We do it on Tuesdays. We have our bonus call, then Thursdays after the bigger show. |
| 0:32.0 | All you have to do is send us an email. bonus call than Thursdays after the bigger show. |
| 0:32.8 | All you have to do is send us an email. |
| 0:35.1 | Ask Jill at better off podcast.com. |
| 0:38.4 | Ask Jill at better off podcast.com. |
| 0:41.5 | Right now we've got Jim, he's on the line from Annapolis. |
| 0:44.7 | Hello, Jim, welcome to Better Off. |
| 0:46.7 | What can I do for you? |
| 0:48.0 | I have actually two questions. |
| 0:49.3 | The first question is regarding SIPC. I understand that S. I. P. P. P. P. P. P. P. |
| 0:55.8 | My security's and up to 500,000. My question is is, is it okay to have accounts more than 500,000 or am I risk by doing that or should I |
| 1:08.8 | split it between different brokerage accounts? |
| 1:11.1 | First of all, Jim, that is one of like the funniest paranoid questions I've received |
| 1:15.6 | in the last eight years and I love it because I am that person. I am you. I always look at the downside. |
| 1:21.2 | So, CIPIC, Securities Investor Protection Corporation, is in place in case of the failure |
| 1:29.7 | of the organization where your securities are domiciled. |
| 1:33.2 | Okay? |
| 1:33.8 | So where do you hold your securities right now? |
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