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Dont keep large amounts of cash; Put them safe in the bank. If you keep money around in your home ensure its out of the way of casual visitors. Talk to others, if something feels wrong. Dont be scared to ask questions.
The FDIC insures your bank account to protect your money in the unlikely event of a bank failure. Bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC), which is part of the federal government.
5 Types of Insurance to Help Protect Your Wealth Life Insurance. Life insurance can provide for a spouse, children or other loved ones upon your death. Health Insurance. Homeowners/renters Insurance. Auto Insurance. Long-term Disability/Long-term Care Insurance.
Wealth preservation: Key strategies to protect your wealth Create a financial plan to protect family wealth. Save for emergencies or large purchases to protect family wealth. Diversify your investment portfolio to preserve wealth. Invest in insurance to protect family wealth. Be tax smart to preserve wealth.
Preserving personal wealth requires legal planning, adequate insurance and creditor protections. To safeguard a business, consider buy-sell agreements, key person insurance and proper entity classification. Growing personal wealth involves the use of qualified retirement plans, estate planning and philanthropy.
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5 Ways to Keep Your Money Safe Understand deposit insurance. With the rise of Internet banks, you now have more savings and checking account options than ever before. Keep track of your accounts. Review your credit report. Check in on your investments. Dont be reactive.
Preserving personal wealth Get your legal house in order. Bad things happen to good people every day, so its important to draft a will in the event of your death. Monitor your accounts. Establish creditor protections. Business succession planning. Opt for key person insurance. Weigh entity classification.
Though experiencing emergency events like floods and hurricanes may be difficult to imagine, the best step to protecting your finances when disaster strikes is to plan ahead. Collect, Copy, and Store Your Financial Records. Save, Save, Save! Be Mindful of Scams. Check Your Credit. Manage Your Insurance.

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