Safe Money – Annuities – Should You Buy One?

Deposit safes, sometimes called drop safes, money safes, depository safes, or drop boxes, are used to store cash for the short term – until bank deposits can be made. As a business owner, a deposit safe is an important tool you can use to protect your money from both outside thieves and employees who are thinking of stealing money from you.

Valuables include items such as your passport, jewellery, money and even documents these days and it’s very important because of fraud, that no one gets hold of your passport or any sensitive documents. Make sure you’re safe by getting yourself a security system. Most safes are very high tech these days and the industry is always keeping up with how thieves work.

Information on your outstanding debts, due dates, and contact information. It’s important to keep tabs on your finances and protect your credit, in the event you’re displaced by a fire.

Perhaps someone you trust, who has nothing to gain from suing you, should be given a sealed power of attorney or an assignment plus a valid will so that all loose ends are tied up. Without this, in Switzerland for instance, the bank just keeps your assets! Simple as that. In English speaking countries there is usually an escheat law covering dormant accounts and abandoned watch safe box contents. In England, unclaimed money and assets go to ‘The Crown.’ In California, box contents and accounts dormant for over seven years go to the Teachers’ Pension Fund.

Up until the FDIC was created in 1933, you really had to have a ton of trust in your bank if you were going to open of a certificate of deposit. Similarly to today, much of the trust had been eroded, and the FDIC was created to guarantee the deposits that the bank held. Up until last year CDs were guaranteed by the federal government up to $100,000. You can actually have far more insured if things are structured properly, but that is an article for another day. However, this last year, Congress passed, and President Bush signed into law a temporary increase to $250,000 that is set to expire 12/31/2009. So the first benefit, unlike your investments in the stock market, mutual funds, ETFs, etc., your principal is backed by the full faith and credit of the US Government.

A list of family doctors, prescription medications, and contact information for all pharmacies you use. You may need these to get new supplies of medications you use on a regular basis.

These safes come in so many common containers that look and feel just like the real thing that a burglar won’t have a clue as to which is which. And, he won’t want to spend the time to check them all out to see which is real and which is fake. There are books, electrical outlets, salt containers, peanut butter jars, flower pots, stones, all kinds of popular soda cans, cleaner cans and more. They range in price from $9 to $39, a small price to pay for convenience and peace of mind.

Keeping your safe deposit box safe is a tricky matter. However you end up solving this little dilemma, as long as you know this potential problem exists, you are already way ahead of the game. I suggest you use a combination of insurance for the high-worth items and diversification for all the others.

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