Ted Bauman is a man who has always had a knack when it comes to helping people save money and protect their wealth. He has been working with Banyan Hill Publishing since 2013. He graduated from the State University of New York with a Bachelor’s degree in Business Administration and earned his Master’s Degree in Finance from Georgia State University. He studied abroad at the University of Cape Town, focusing on economics and history. In an interview with askreporter.com, Ted Bauman gives people some tips to make sure their wealth is intact during a disaster.
The first tip that Ted Bauman gives to people is having a home safe or a lockbox. He says that while the home is not the best place to keep their valuables, people can invest in something that is fire and waterproof. He also says not to keep all the valuables in one place because they are likely to get stolen.
A second tip that Ted Bauman offers people is to keep liquid assets in a safe deposit box at a bank. While the money and valuables are locked away and out of sight, they are not covered by the FDIC (Federal Deposit Insurance Corporation). This is definitely something to keep in mind when it comes to protecting assets.
A third and final tip to keeping the wealth of people safe is a safe deposit box in a foreign bank. One example that he gives is the country of Switzerland. This is one of the safest o[ptions due to the fact that the account is not susceptible to confiscation by government law. Any citizen of the United States that wants to come after that wealth would have to be able to make the case in a foreign courtroom.
These are just a few things that Ted Bauman advises people to consider when trying to protect valuables and liquid assets from disastrous occurrences. Keeping things like these in mind will make sure that a person’s wealth can survive despite the market conditions or burglars. Thinking safety first will ensure that a person’s wealth will last.