Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Our local Chase Bank is closing and Chase corporate has decided not to offer safe deposit boxes any more if that happens to your branch. We just have documents, paper iBonds, and a few minor somewhat valuable items. Most of this can be recovered with some annoying troubles such as iBonds if destroyed.
We went through 2 evacuations in recent years due to fires in the area and it is a real worry. It's no fun putting all your stuff in a car and leaving your beloved nest. But it could happen again.
So we have these options:
1) Set up a safe deposit box at another bank like Bank of America
So what are your thoughts?
We went through 2 evacuations in recent years due to fires in the area and it is a real worry. It's no fun putting all your stuff in a car and leaving your beloved nest. But it could happen again.
So we have these options:
1) Set up a safe deposit box at another bank like Bank of America
2) Keep everything at home in a place that is difficult to detect but "in plain site"I talked to BOA and they require a checking account with something like $1500 in it to waive fees. Then you still have to wait 6 months to open a box. And for us I have to lift a security freeze temporarily. Plus there are a few other things to do. Adds another institutions complexity to our financial picture.
3) Buy a fire proof house safe.This is the easiest option to implement as I have a few ideas in mind. Would put this stuff in a "grab and go bag" and place in an innocuous location. Probably a foreign agent would find it but not likely a burglar.
I saw this articles with pretty cool ideas and pictures:
https://www.familyhandyman.com/list/the-ultimate-guide-for-secret-hiding-places-in-your-home/
Well there really is no such thing as fire proof safes at the consumer level. I talked to one fire victim whose stuff was incinerated inside his safe when the house was totally destroyed. Plus it would have to be heavy and hard to carry out by a burglar.
So what are your thoughts?