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To expound on safety deposit boxes since GP was asking for critiques. From what I’ve read they can be prone to accidents, theft, damage and are a big reasons to
by salad-tycoon 3y ago
To expound on safety deposit boxes since GP was asking for critiques. From what I’ve read they can be prone to accidents, theft, damage and are a big reasons to have them is for showing off. My understanding, which entirely comes from this NYT article, is that banks hate them.
Safe Deposit Boxes Aren’t Safe, NYT, 2019: https://archive.is/NfnL6 https://archive.is/NfnL6
- infecto 3y agoAgreed on Safe Deposit boxes. I would probably invest in a real fire rated safe. Real defined as a safe over $1000. Not the consumer crap that gets shoveled out.
- lapcat 3y agoThis risk is a bit overhyped. Things can happen, yes, but it's pretty rare, and if you're doing regular weekly offsite backups to your safe deposit box, you're not going to suddenly discover that it's gone.