Safety of funds at Vanguard

We plan on purchasing some T Bills in our Vanguard account. Adding this cash will take our balance up a ways when including our retirement accounts. At the bank, we have FDIC insurance to cover to 500K. Does SIPC insurance act in the same way? Is our money protected at VG, FIDO, etc?

When you say “protected” what is your expectation?

I guess the same as a bank; if they go out of business or get taken over, my funds are protected. I’m aware that losses from investing are not covered.

Treasury bills are guaranteed by the US government and thus have a default risk that is very low ( zero?). I elected to purchase Treasury Bills through Vanguard
Treasury Bills of course have a yield risk.

Great minds think alike… I just make a new post all about this.

Not the same, read my latest post