Many of you may have noticed the Dow spiraling downward. Several people are losing their 401K because it’s value is decreasing. Many are seeing their pensions vanishing. There’s a lot of financial uncertainty right now, but there’s a way to have financial certainty if you are like 95% of the rest of the country. Here’s how.

The new bail out bill had one bright spot: a new FDIC deposit insurance of $250,000. What this means is very simple. If you have money in a bank in a savings account and that bank goes belly up, you have up to $250,000 insured by the FDIC. So even if the bank goes bankrupt, you will still get up to $250,000 of the money you had in the bank.

Now 95% of Americans make $250,000 or less each year, so it’s pretty safe to assume that most of us don’t have more than $250,000 in the bank or other investments. So here’s what you do: put your money in a savings account right now! The best money is safe money, and nothing is safer for most of us than a bank savings account right now. Even if all $200,000 we have in the bank is lost by the bank going bankrupt, we don’t lose anything, we will get back that $200,000 because it is FDIC insured. How’s that for certainty in uncertain times?

So sell your stocks, sell your investments, get all your money into one place- a safe place. That place is a bank savings account. Once the market has bottomed out and stops falling and begins to grow again, then take money out of your savings and start to buy investments and stocks again. But just as you hide in the basement during a tornado and come out again when the storm has passed, so must everyone safeguard their money in a savings account and wait out this financial storm. It will clear up- it always does. Even the Great Depression had an end. Be patient and the economy will get back on track. Once it does, buy up the investments that will be very cheap at that point and watch your money grow with the economy!