Hi,

Please enlighten me or direct to the tread that explain what happen when financial institution issuing mutual fund goes under.

As I understand the FDIC is taking over the institution, pay off the insured accounts and sell off the institutions assets at current market price to recover FDIC funds already paid to insured accounts.

The IRA accounts that contain mutual funds are FDIC insured so they are going to be paid off.

The only accounts not being paid will be company sponsored retirement accounts. Thy are not insured. In my case (403B) is a replacement for my social security.

Please comment.