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Reply to "Is it safe to move mothers savings to high interest online banks?"
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[quote=Anonymous][quote=Anonymous]It is safe, but your mom may not be happy with not having a local bank. We had to keep 100k in a no interest checking account to keep my paranoid MIL comfortable. You should definitely discuss it with her.[/quote] I’ve discussed it with her and she is fine with it. She is pretty much home bound and my siblings pay for her groceries and I pay for her Amazon orders. Her full time caregivers are paid with her investment income. My mom did freak out when I changed her accts to paperless. Haha I finally was able to drag her into 2023. Plus she has come to the point where she doesn’t want to be bothered with anymore financial issues. She trusts her children. [/quote]
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