A masterâs degree is the first level of graduate study. To apply for a master degree you usually must already hold an undergraduate degree (a bachelorâs degree). A masterâs degree typically requires a year and one-half to two years of full-time study.
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. The SIPC will cover up to $500,000 in securities, including a $250,000 limit for cash held in a brokerage account.
The money in a savings account is FDIC insured up to $250,000 per depositor, per insured bank. FDIC coverage does not insure investments, including stocks, bonds and mutual funds. Brokerage accounts carry a different kind of coverage, called SIPC. This coverage protects customers if a SIPC-member broker fails, but it does not protect against investment losses. SIPC coverage is up to $500,000 per customer per institution, with a $250,000 limit on cash.