OP here - thanks, all!!!!

Anonymous wrote:Investments accounts are never FDIC insured.

This. Your IRA isn’t FDIC for the same reason. They are both likely protected by SIPC though (which isn’t an apples comparison).

Get the tax deduction. Put it in bonds if the kid is close to college. Otherwise take advantage of the dip.

Any investment is not FDIC insured - 529, 401k, brokerage. You could put in a money market at a bank, but you would t get any tax benefits on the initial investment or the growth.

If you are close to using it and really scared that your 529 investment firm might fail, then I guess maybe it is worth it? But generally the tax benefits are worth it in my opinion.

Investments accounts are never FDIC insured.

I realized I did not give to our 529 in 2024 (I usually do a lump sum of $4K per kid for the tax benefit) - I was just about to do it for this year when I read on the website that it is not FDIC insured. I used to gloss over this stuff, but with the current state of affairs, I'm now thinking, should I hold off?? Anyone else thinking the same? Safer to invest elsewhere perhaps? Or not?