Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-18-2020, 05:37 PM   #61
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,317
Does anyone know why I can't go to page 6 of this thread to see the last post?

I go from page 5 to page 3.

If I try to link through the notification email, I end up on page 3.

And, yes, I cleared out my cookies.
Buckeye is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-18-2020, 05:38 PM   #62
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,317
Quote:
Originally Posted by Buckeye View Post
Does anyone know why I can't go to page 6 of this thread to see the last post?

I go from page 5 to page 3.

If I try to link through the notification email, I end up on page 3.

And, yes, I cleared out my cookies.
The above post started page 7 and I can go there.
Buckeye is offline   Reply With Quote
Old 06-18-2020, 06:54 PM   #63
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,183
Quote:
Originally Posted by cathy63 View Post
How long would you expect a bank to be able to provide such documentation? I really hope that OP is able to get satisfaction, but I'm afraid the Comptroller is going to say something like "sorry, but it's been 10 years during which the owner made no effort to inquire about the missing funds or report the lack of a 1099, and banks are only required to retain docs for 7 years, so you're out of luck". What if it had been 20 or 30 years instead of 10? There's got to be some limit. I don't know what it is, and I'm just guessing at 7 since that's how long statements are available online.
I worked in financial services for 25 years.... they keep records for a long, long time.... so they have them... whether the can find them with the changes in corporate ownership is a totally different story. We had records going back many, many years and a whole "Records Center" to house them.

But Wachovia sent the owner a 1099-INT for 2009 in 2010, only 10 years ago.

Quote:
Originally Posted by Buckeye View Post
There is a Wachovia 1099-INT for 2008 (as far back as I have her taxes) and 2009. The reason I know the INT refers to the burial CD is because 'BURIAL RESERVE' is right on the 1099-INT. Wells Fargo would have been responsible for the 2010 1099-INT.

I don't have her 2010 taxes to check for a Wells Fargo 1099-INT. Nothing from Wells Fargo in 2011 or beyond. I called the IRS and talked to a human about getting a transcript. Because they are short-staffed and behind, the IRS is only sending out transcripts for recent years for people trying to file their taxes and get their AGI. She said the limit is 10 years so I'm still under the wire. I also called her tax accountant to see if he did her 2010 taxes. I also need to check an older computer to see if I did her 2010 taxes.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is offline   Reply With Quote
Old 06-18-2020, 07:03 PM   #64
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,317
Quote:
Originally Posted by pb4uski View Post
I worked in financial services for 25 years.... they keep records for a long, long time.... so they have them... whether the can find them with the changes in corporate ownership is a totally different story.

But Wachovia sent the owner a 1099-INT for 2009 in 2010, only 10 years ago.
I didn't think 10 years was a terribly long time. Thank you for confirming. I agree it might not be easy but I believe it is their obligation to either look or pay up. "We have no record" is not an acceptable answer from a major bank given the existing information.
Buckeye is offline   Reply With Quote
Old 06-18-2020, 07:09 PM   #65
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,183
Now to be clear.... I worked for a life insurer that was organized in 1848 and it was not at all unusual to have policies issued that were 50 or 70 years old or more... banks may be different but there is clearly a lot of circumstantial evidence that the records vanished when Wells Fargo acquired Wachovia.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is offline   Reply With Quote
Old 06-18-2020, 07:38 PM   #66
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,317
Quote:
Originally Posted by pb4uski View Post
Now to be clear.... I worked for a life insurer that was organized in 1848 and it was not at all unusual to have policies issued that were 50 or 70 years old or more... banks may be different but there is clearly a lot of circumstantial evidence that the records vanished when Wells Fargo acquired Wachovia.
We will be happy to save Wells Fargo the trouble of digging in the archives if they pay out at least the 2010 $12,800 value my friend scribbled on the back of the funeral contract.

She did have a life insurance policy she kept for about 78 years so I know at least one company kept track of her for a very long time!
Buckeye is offline   Reply With Quote
Old 06-18-2020, 09:33 PM   #67
Thinks s/he gets paid by the post
 
Join Date: Mar 2013
Location: Coronado
Posts: 2,419
Quote:
Originally Posted by Buckeye View Post
Does anyone know why I can't go to page 6 of this thread to see the last post?

I go from page 5 to page 3.

If I try to link through the notification email, I end up on page 3.

And, yes, I cleared out my cookies.
No idea on the paging issue. I have my forum settings for 100 per page, so this is a one page thread for me. Here's the permalink for post #60 in this thread though: https://www.early-retirement.org/for...ml#post2444588

Does that help you get to your page 6?
cathy63 is offline   Reply With Quote
Old 06-18-2020, 09:35 PM   #68
Thinks s/he gets paid by the post
 
Join Date: Mar 2013
Location: Coronado
Posts: 2,419
Quote:
Originally Posted by pb4uski View Post
I worked in financial services for 25 years.... they keep records for a long, long time.... so they have them... whether the can find them with the changes in corporate ownership is a totally different story. We had records going back many, many years and a whole "Records Center" to house them.

But Wachovia sent the owner a 1099-INT for 2009 in 2010, only 10 years ago.
It's good to know it should be possible to track this down if someone is willing to make the effort. I hope it works out.
cathy63 is offline   Reply With Quote
Old 06-18-2020, 10:57 PM   #69
Confused about dryer sheets
 
Join Date: Apr 2020
Location: Broken Arrow
Posts: 1
Worked at large credit union in senior management for a number of years and this issue came up several times. Family looking at an old statement and wanted to know where all the money went. I was always able to explain the differences. A lot of manual work, not much fun. That’s probably why Wells is telling you no records, they are thinking the work and time involved.

Your best bet is to search old statements and see if you can find a statement with the CD listed and then moving forward, a statement without the cd listed. Then you narrow the timeframe. If you do not have the statements, you can ask Wells to provide you the statements.

Wells will likely want $$$$$ to retrieve the old statements. That’s were the COC can be your friend. Ask the COC for some help with reduced statement fees.

Good Luck.
Thunder Up is offline   Reply With Quote
Old 06-19-2020, 07:52 AM   #70
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,183
^^^ Good info.

The funeral home financing for my great-aunt only sent statements annually... but they did send them... IOW, it wasn't at a financial institution that she had other accounts at that she might have received a statement more frequently.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is offline   Reply With Quote
Old 06-19-2020, 04:01 PM   #71
Recycles dryer sheets
 
Join Date: Dec 2017
Posts: 144
My first thought is Wells Fargo - they suck. They have run so many scams that hurt people.

As for your friend, it seems like she would not have cashed it out since it was for burial. Did you check PA unclaimed property (I think you had mentioned FL)? Otherwise, you need to push WF to do the research. You must have an acocunt number. They should be able to track it. Ten years is a short time period when it comes to finances.
samcat is offline   Reply With Quote
Old 06-19-2020, 04:36 PM   #72
Recycles dryer sheets
 
Join Date: Aug 2017
Location: claremont
Posts: 281
Wow, what a saga. Reminds me to pinch myself and smile for consolidating accounts and simplifying my paperwork. Hmmm, better back up that hard drive one more time...
indiajust is offline   Reply With Quote
Old 06-19-2020, 04:47 PM   #73
Confused about dryer sheets
 
Join Date: Jul 2017
Posts: 1
https://www.nbcbayarea.com/news/loca...000-cd/183885/


https://www.nbcbayarea.com/news/loca...sh-it/2003595/


Apparently, at least according to one of these reports, WF has lost at least 500 CDs over the past several years, with the excuse that they only are "required" to keep records for seven years.



There are some additional agencies listed as being recommended to contact for these types of issues
AvocadoRV is offline   Reply With Quote
Old 06-19-2020, 04:59 PM   #74
Thinks s/he gets paid by the post
rk911's Avatar
 
Join Date: Dec 2018
Location: DuPage County IL
Posts: 1,403
Quote:
Originally Posted by COcheesehead View Post
What is more likely: multiple systems showing no record or over decades of time someone cashes them out? ...
ordinarily i’d have agreed with this but Wells Fargo has demonstrated enough unethical behavior to warrant an investigation.
rk911 is offline   Reply With Quote
Old 06-19-2020, 05:09 PM   #75
Thinks s/he gets paid by the post
 
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,187
I'm getting more outraged at Wells Fargo as I follow this interesting thread. I remember reading about Swiss Banks, after WW II, refusing to give back Holocaust survivors their money because they didn't have enough proof. The banks had figured no one would come back to them for their money.
Maybe OP could contact a newspaper and suggest this angle.

Edit to add: But in this case OP's friend's family has the proof, which make WF's actions even more egregious.
mystang52 is offline   Reply With Quote
If Cash
Old 06-19-2020, 05:19 PM   #76
Confused about dryer sheets
 
Join Date: Sep 2016
Location: Wantagh
Posts: 6
If Cash

Quote:
Originally Posted by COcheesehead View Post
The first thing that occurred to me was that they were cashed out at some point. That is why no record exists.
At whatever institution a record must exist I’d say thieves at Wells need to be investigated Comptroller best bet Let us know and good luck
lewp56 is offline   Reply With Quote
Old 06-19-2020, 05:21 PM   #77
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 4,033
Quote:
Originally Posted by Buckeye View Post
The above post started page 7 and I can go there.
I only show this thread having 4 pages.
COcheesehead is offline   Reply With Quote
Old 06-19-2020, 05:25 PM   #78
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,183
The number of pages varies depending on what you have elected in terms of the number of posts to show per page under Your Control Panel/Edit Options/Thread Display Options/Number of Posts to Show Per Page
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is offline   Reply With Quote
Old 06-19-2020, 05:29 PM   #79
Recycles dryer sheets
 
Join Date: Jan 2019
Location: Sunny California
Posts: 430
Quote:
Originally Posted by COcheesehead View Post
I only show this thread having 4 pages.
Me to, I'm using linear display mode
RetiredAndLovingIt is offline   Reply With Quote
Old 06-19-2020, 08:47 PM   #80
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,317
Quote:
Originally Posted by RetiredAndLovingIt View Post
The OCC does not do much more than pass the complaint along. I filed a complaint last year on Synchrony bank lying to me and taking more than three weeks to transfer IRA funds to another institution. Customer service insisted the finds were transferred the day after my request and must be lost but they would not reissue the check for a full month. When the other institution finally got the funds, I requested a copy of the envelope and sure the postmark date was three weeks after my request. After my complaint Synchrony called me once and left a voice mail. I called back within a few minutes and three times after that with no return phone call. They sent me a small check for my loss of interest along with a letter that they had attempted to contact me multiple times which was a lie and reported to OCC that case was resolved. OCC then closed my complaint without communicating with me to see if I was satisfied.
Thanks for the heads up. It sounds like you received the money you were owed though which is good to know. I have started to investigate small claims court. Her son would have to give me power of attorney (I'm assuming) to be his representative in court. He lives in PA. The max amount I can sue for is $8,000 so I might have to do 2 cases, one for each CD (originally $1,000 and $2,000). The last known value is $12,800 so it would be one case for $8,000 and one for about $4.300.

I have to file in the county she lived (and we used to live) which is a 100 mile drive to the courthouse but I'm fine with that. All sorts of stuff can be done online nowadays. I learned a lot about the system when I processed the Order for Summary Administration. I will have evidence to present and all Wells Fargo will tell the judge is, "Can't find nothin'."
Buckeye is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Help on finding a part-time job making additional income xmanz3 Other topics 14 06-28-2006 12:05 PM
Finding the perfect U.S. retirement tax haven REWahoo Life after FIRE 0 11-07-2005 04:39 PM
Finding local investment clubs? dandan14 Young Dreamers 9 09-11-2005 06:37 PM
Finding Good post-ER Health Insurance NYC Guy FIRE and Money 24 06-23-2005 04:20 PM
Finding work after 50 MRGALT2U Life after FIRE 19 04-28-2005 06:27 PM

» Quick Links

 
All times are GMT -6. The time now is 12:47 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.