Also, how concerned should I be that 90%is sitting in cash at the regional bank?
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Your personal cash or your company's cash? Or the exec personal cash? I'm guessing you shouldn't have more than $250k in cash so you're fine. Also your regional bank is probably fine.
Personal.
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Well under 250k is insured and anything over that probably should be in a different asset (like VTSAX!) unless you have some sort of very special reason to keep over $250k in a single account. If you have more than $250k in an account and can't articulate why, you should consider hiring a fiduciary financial advisor! Might be a good idea anyway.
Or at the very least open an account at a different bank and make sure there is less than $250k in each account.
But I agree there is very little reason to have over $250k sitting around in cash.
I agree, been waiting to deploy it and also have some liquid for bills dealing with a house build/sale and move. After pay tax bill, it will be moved. Thus the question asking about a good money guy.
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