This is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey personality, Ken Coleman.

Pam's in Flagstaff, Arizona. Hi, Pam, how are you?

I'm doing good, thank you. I'll try to make this quick. I'm 69. My husband is 70, and he's still working.

But I want him to retire, and I have been putting money away and money away.

And my bank told me that part of our money is not covered by FDIC.

I think I got that right.

Correct.

And I don't know what to do with over that.

Okay.

We've got $250,000 in coverage each, so $500,000, if it's got both of your names on it, in a typical bank.

So you're sitting on over a half million dollars cash?

No, they told, no, we've only got like $3.50.

Okay.

But they told me that it only covers.

The way you've got it set up.

Okay.

You can just move the other, if you want to keep it all in cash, just move it to a different bank.

Under what a savings or?

Yeah, just put it in the, I mean, what's it under now? Savings. Okay. I mean, hopefully,

okay, there's two issues here. The question you asked and the question you didn't ask, okay, the

question you asked was, how do I get FDIC insurance? Each bank can give you $250,000. So as long as you don't have more than $250,000,

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