Dawg52
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Fidelity, Penfed and a regional bank.
02% LOCAL BANK
01% INTERNET BANK
09% TAXABLE INVESTMENTS
44% TAXFREE, ROTHs, SEP-IRA
13% 403(B)
25% 401(K)
06% 401(K)
Do you need 20? Good to consolidate same types of accounts for investing scale and administrative ease.
We have tIRAs, roths, rollover IRA and taxable at Etrade. 6 accounts.
Plus co 401k at Schwab. Cash at Capital one. HSA at HSA Bank. One brick and mortar bank for checking.
Maybe this question hasn't yet been fully explored. Could be an opportunity for a poll.
Please consider consolidating. While we expect and hope you will be around for a long, long time, this many accounts can be a real exercise for your loved ones. It seems every bank, every institution has its own requirements when it comes to settling an estate, and they make you jump through their hoops. My FIL had accounts at numerous banks, and DW and I spent a lot of time getting everything settled.
Two or three, plus maybe a local place for banking should be plenty.
-ERD50
They do not know yet how much money is there. I think they suspect it's more than $1M, but not how much more.
Maybe my children expect some money, so they are so nice to us. Like buying me expensive booze for Father's Day and birthday.It would be fun, wouldn't it, if we were able to look down on earth after our departure, and see the faces of the folk to whom we leave money.
The problem is, we might get to see and hear things we'd rather not. Perhaps things are better left the way they are
13 eggs, and must be shared equally by 2 children. Would love to see that!Maybe my children expect some money, so they are so nice to us. Like buying me expensive booze for Father's Day and birthday.
Anyway, just two children, both doing well financially now, and they get along well (they hang out together a few times a week, and take vacation together), and I leave them 50/50 so there will not be any fighting.
Why can't the 13th egg get turned into a scrambled omelette, then shared?13 eggs, and must be shared equally by 2 children. Would love to see that!