It is no longer safe to keep your money in your checking account nowadays. Let’s find out together what the risk factors are
Most Italians are convinced that one of the safest ways not to waste money is to keep your money in the bank. Today there are about forty million savers in our country who leave their savings in their checking account. However, according to the suggestions of some experts, they seem to be there a number of risks so this kind of strategy is not worth it.
Certainly it is necessary keep your savings safe, especially in a moment of crisis like the one we are currently experiencing. Due to the war in Ukraine and, even before, Covid, the economic situation has drastically worsened, with the consequence that taxes have pointed upwards.
At this point we need to find a plan to preserve earnings so as not to risk running out of money. In this regard, now let’s find out what are the reasons why it is better to take the money out of the banks.
Checking account, that’s why remove the money
As reported by the consulenteassicurativo.org website, there are five main reasons why it would be preferable not to leave your money in the bank. The very first is that relating to a possible failure. In case of “bail in”or rather a situation of bank debt, the first to risk are the shareholders, subordinated creditors and all the people and companies that have a deposit exceeding one hundred thousand euros.
Another reason is undoubtedly linked to inflation, due to which the purchasing power is always lower with the passage of time. Therefore, keeping money in the bank is certainly not such a good idea. Then later there is the seizure of the tax authoritieswhere in the event of non-payments the current account is blocked and thus unusable.
The last two reasons why it is better not to leave too much money in the banks are respectively property tax e le tax taxes. As regards the latter, a stamp duty of just over 34 euros must be paid on an account with a balance of five thousand euros.
At this point, we underline how every investor is free to follow his own strategy. For those who no longer want to keep their money in the bank, there are for example various types of investmentsfor which, however, it is necessary to contact experts in the sector so as not to incur irreparable errors.
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