How Should Investment Accounts Be Titled

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• Are IRAs and 401Ks A Good Investment

  Typically, yes. It’s always worth investing in one’s self. 401K vehicles are controlled by the employer, who matches the investment typically 1:1 for the first 3% and then 1:2 for the next 2%. This is like getting paid an extra 4% on top of the ...

• Can A Single Trust Have Multiple Bank Accounts & Accounts At Different Banks

  Yes, one can open multiple bank accounts with a single trust.

• Is It A Good Idea to Open Additional Trust Accounts While At The Bank

  Yes, open any additional accounts while at the bank. Opening additional accounts will take an extra 20-30 minutes compared to 2-3 hours if one came back another day.

• Does Fighting A Debt With A Bank Mean Other Cards and Accounts With The Same Bank Will Be Closed

  No. Removing a debt from a bank will not affect any other accounts, save the credit score reduction while fighting the debt.

• Should The Checking / Saving Accounts Be Closed Since We Use A HELOC Operating Account Now

  Not necessarily. More than likely the bank providing the HELOC will require a checking account with them as well.