Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

How do I protect money above the FDIC coverage limit?
If you are concerned about FDIC coverage, then yes, you can spread your money across multiple banks. The limit is $250k, so after you invest in property, 4 banks should do it.  That having been said, in my opinion, it would be a waste to keep all this money in a bank's savings account. You will slowly lose value over time due to inflation. I suggest you spend a little money on an independent fee-based investment advisor. Choose someone who will teach you about investing in mutual funds, so you can feel comfortable with it. He or she should take into account your tolerance for risk, look at your goals, and help you come up with a low cost plan for investing your money.  It's certainly okay to keep the money in a bank short-term, but don't wait too long; take steps toward putting that money to work for you.