He's 62, She's 64, And 'Are Just About Millionaires' — But She Insists On Keeping $75K Hidden Because 'It Feels Safer'

Core Insights - A 62-year-old man reported that his 64-year-old wife prefers to keep $75,000 in cash at home due to a lack of trust in banks, despite their combined assets nearing $1 million [1][4] - The wife's mistrust in financial institutions stems from her experience managing her late father's estate, which involved extensive scrutiny of financial records [2][3] Financial Stability and Concerns - The couple is financially stable, with no debts other than a $102,000 mortgage, yet the wife insists on keeping a large sum of cash for comfort [4] - Co-host George Kamel highlighted that the underlying issue is the fear associated with financial institutions rather than the actual money involved [4] Recommendations from Financial Experts - Co-host Jade Warshaw suggested that the wife's concerns are rooted in inadequate estate planning rather than actual bank risks, recommending the creation of wills or trusts [6] - Kamel warned that keeping large amounts of cash at home poses greater risks, such as theft, natural disasters, or inflation diminishing its value [6] - To address both comfort and safety, Warshaw proposed a compromise of splitting the cash, with half in a high-yield savings account and the other half secured at home [7]