Is it true that any IRA's at brokers over $250k are uninsured?

[jackpearson]

Only the first $250k is insured if your position is only cash?

The rest is uninsured should the broker or the clearing firm go bust?

 

[denner]

Quote from jackpearson:

Only the first $250k is insured if your position is only cash?

The rest is uninsured should the broker or the clearing firm go bust?

Assume the fetal position Jack.

 

[jackpearson]

Quote from denner:

Assume the fetal position Jack.

huh?

It's just a question.

My IRA account isn't up to $250k. I'm just thinking ahead. (hopefully)


Can you take 1 IRA and move only some of it to another broker? If so do you need to send forms to the IRS?