“Can I then withdraw it from the bank in cash? I know there will be a waiting period but will banks give you cash?”
Sorry I didn’t answer you sooner, been doing actual physical things away from computer. The answer to your question is YES. I deposited a check of $75,000 at my branch bank. As I was leaving, the bank manager stopped me and said if I wanted cash, he didn’t have that much in the bank - he would have to get it for me from their main bank in the city. I told him I wouldn’t be asking for cash.
I used that money when I bought a house a few months from then, but it wasn’t cash, was a check so it was a money transfer on paper. I could have had the cash if I wanted it.
That is your money and you can get the cash. Where you keep it is up to you. I once had a book, think I still have it somewhere, that suggested places to hide things in your house - neat book. Maybe I can find the name of that book if I do a search.
You can start here to give you an idea about hiding valuables:
http://www.diyncrafts.com/3833/home/15-secret-hiding-places-will-fool-even-smartest-burglar
Thanks so much for your reply! I would be afraid to keep too much at home but it definitely wouldn’t hurt to keep some. I had heard horror stories of banks refusing to give a person cash and that seemed illegal to me. I’m glad to hear it isn’t true. I keep telling myself to leave the stock where it is and I hate to remove any of it because if you do it can’t grow but if the government gets it you still don’t have it. :-)
I have a small fireproof safe but it would be easy for somebody to carry it off. We have a larger gun safe that bolts to the floor but it’s not fireproof. My house is an older farm house built in the early 50’s and fire always worries me. I will take a look at your link. I remember my grandfather hiding his valuables in tin coffee cans under the house. LOL A lot of people did that after the depression. I guess I could always lock the little fireproof safe up in the big safe.