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Attorney Ike Devji

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Are money market funds still FDIC-insured? – Asset Protection

May 9, 2012 by Ike Devji, Asset Protection Lawyer Leave a Comment

Question: A few years ago, I remember hearing that money market funds were covered by FDIC protection just like certificates of deposit and savings accounts. Are money market funds still FDIC-insured? The short answer is no, money market fund holders don’t have the same (very limited) guarantees that holders of CDs, money market deposit accounts, […]

Filed Under: Asset Protection, Cash Alernatives, creditor protected cash alternatives, financial literacy, recession survival, THE VAULT Tagged With: Asset Protection, bank solvency risk, FDIC, money market funds

Former NFL Star, Jim McMahon named in FDIC Lawsuit – Board Member Liability – Asset Protection

April 12, 2012 by Ike Devji, Asset Protection Lawyer Leave a Comment

The FDIC brought a lawsuit against Illinois Broadway Bank and former NFL player Jim McMahon is one of the seven former board members for the bank.   The FDIC is suing to recover $104 million from 17 bad loans that the bank made before it shut down in 2010. We warn all clients about Board […]

Filed Under: Asset Protection, business legal planning, CEO, Leadership & Management, liability, liability insurance, Loan default, professional athletes Tagged With: Asset Protection, bank solvency risk, bankers, ceo, cfo, coo, Executive and Board Member Liability, Ike Devji, Jim McMahon, lawsuit, Professional Athletes

THE VAULT: Asset Protection, Cash Alternatives and Life Insurance – UPDATED

September 2, 2011 by Ike Devji, Asset Protection Lawyer Leave a Comment

In the week ending august 14th another 24 Billion dollars left the securities market for the relative perceived safety of cash. These billions  of dollars simply added to the trillions of dollars already allocated that way because of fears of instability in the securities and real estate markets.  This large liquidity position has not gone un-noticed, unfortunately […]

Filed Under: Asset Protection, Best Money Market rates, creditor protected cash alternatives, Family Office, finacial advisors, Finance, financial advisors, high net worth, investment exposure, Jeff Christenson, Jumbo CD Rates, Life Insurance, Life Insurnace Conversions, Municipal Bonds, physicians, professional athletes, recession survival, Uncategorized, worth magazine Tagged With: Asset Protection, bank solvency risk, cash alternatives, COLI, Doctors, Ike Devji, Jeff Christenson, Jumbo CD, life insurance, money market, Vault, Wealth Preservation

See Ike’s Work In Action

· Ike Devji on Acrimoney.com
· Ike Devji on CFO ADVISORS
· Ike Devji on Infosec Island
· Ike Devji on Risk and Threat Management

Money Matters Interview

Recent Posts

  • The Business Roundtable Podcast: Asset Protection
  • The Risks of Doing Business With Family Members
  • Campaign Contributions: What Business Owners Need to Know
  • Recession Asset Protection – Is My Bank Safe?
  • Asset Protection for Pain Management Doctors and Anesthesiologists

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