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Permanent award finally!!!!
08-21-2008, 12:26 PM
Post: #15
RE: Permanent award finally!!!!
It's not depositing the check. It's the Award Contract, and Stips that have to be read real closely.

Also, I don't know how much the check is for, and I don't need to know. But as I said prior, it's one of my better opinions, that you do open up an Interest Bearing Checking Account with it. And not in the same Bank you use currently. Never ever place all your funds in one bank, or just in one account.

(EXAMPLE) say a person has $200,000.00. I would suggest $75,000.00 in one bank, $75,000.00 in another, both Interest Bearing Checking Accounts. $20,000.00 in United States Savings Bonds, not just in your name alone. And then $30,000.00 in your current Accounts.

To better protect your money, have other family members on the accounts that are allowed to write checks and such. That way if anything ever happens in life, there will be no problems for them to access it.

Then if you need money, make loans against an account. You then can claim the Interest come Income Tax time.

Remember before an Interest Bearing Checking Account reaches close to $100,000.00, to remove the funds to make the Account back to $75,000.00, and open a new account with those funds from your interest bearing Accounts.

(EXAMPLE ONLY)

Reply's are intended solely for informational purposes. They are based on personal opinions, experience, or research and are "not to be taken as fact or legal advice", otherwise, always consult an attorney or a doctor.
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Messages In This Thread
Permanent award finally!!!! - sparkey - 08-19-2008, 12:23 PM
RE: Permanent award finally!!!! - 1171 - 08-19-2008, 04:39 PM
RE: Permanent award finally!!!! - sparkey - 08-19-2008, 08:14 PM
RE: Permanent award finally!!!! - Pooh - 08-19-2008, 08:19 PM
RE: Permanent award finally!!!! - sparkey - 08-20-2008, 05:42 AM
RE: Permanent award finally!!!! - kate - 08-20-2008, 09:57 PM
RE: Permanent award finally!!!! - sparkey - 08-20-2008, 10:17 PM
RE: Permanent award finally!!!! - kate - 08-20-2008, 10:32 PM
RE: Permanent award finally!!!! - sparkey - 08-21-2008, 05:47 AM
RE: Permanent award finally!!!! - sparkey - 08-21-2008, 12:08 PM
RE: Permanent award finally!!!! - Bad Boy Bad Boy - 08-21-2008 12:26 PM

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