> Exceedingly few people have that much cash on hand. Minimal comfortable retirement at 65 requires is what, ~ 1M USD in assets? What the FDIC rule implies, i

> Exceedingly few people have that much cash on hand. Minimal comfortable retirement at 65 requires is what, ~ 1M USD in assets? What the FDIC rule implies, is you can't do this in cash. So obviously, inflation makes it stupid to do that in cash, but even without inflation this FDIC rule basically forces you into playing the wall street game (aka subsidizing rich people) in order to retire comfortably. Think about that! Of course, in our economy inflation is real, too, so pretty soon they are going to have to increase this to beyond $250k even.