If the concern is having someone able to manage your affairs if you are incapacitated or deceased, why not just have a single piece of paper that says "these are my accounts" with the account number and institution? That seems like the simplest solution.It is a background dread of mine that in the unlikely event of death, there will be no hard evidence of a TreasuryDirect account,Hi - it's never occurred to me that I do all of my investing digitally and I don't have a shred of paper that says I own any of the investments I have. Do you regularly print out hard copies of your balances so if there was some kind of massive outage/hack/etc. you'd have some proof of what you have?
as no yearly 1099 or interest, no paper statements. I have setup a beneficiary, and they are vaguely informed.
What other reasons would you have for saving every single statement either digitally or in paper format?
And for those still getting paper statements, are you not concerned about security? There have been a rash of mailbox burglaries around here because criminals have stolen master keys from postal workers, and then they go and empty out mailboxes. If you have a bunch of statements in there with your account numbers all over them, imagine the hassle if they got into a criminal's hands?
Statistics: Posted by NYCaviator — Sat Dec 07, 2024 7:03 am — Replies 84 — Views 3855