The 10th anniversary of the 9/11 attacks should remind us how important it is to be prepared in case the worst happens -- and part of that preparedness requires money.
Not in your bank. Not tied up in stocks. And not in the uncashed birthday check from Grandma Gertie.
In the wake of any major emergency, you'll need cash on hand to pay for the necessities -- food, water and anything else to to stay safe until the chaos subsides.
Article by Ron Dicker
For those seeking additional peace of mind, Siciliano recommends knowing how financial institutions protect your assets during the unforeseen. Call your branch and ask. Banks, especially smaller ones where an actual person can address your needs, he said, might volunteer some useful information on their backup systems. "They're not going to tell you everything, like where the servers are," he said. "That same intelligence can be used by the bad guys to do bad things."
Mitch Slater, senior vice president of investments at UBS Financial Services, said many firms have a "How Secure Are Your Assets?" brochure that can address basic concerns. (Not all banks will be so forthcoming: We reached a Chase spokesman who said the bank would not divulge anything about security procedures.)