Godlike Productions - Conspiracy Forum
Users Online Now: 2,955 (Who's On?)Visitors Today: 997,845
Pageviews Today: 1,518,421Threads Today: 433Posts Today: 9,548
01:17 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

***NEED HELP***Anybody know what an ""ING" Account is

 
Anonymous Coward
User ID: 276543
United States
08/11/2007 07:59 AM
Report Abusive Post
Report Copyright Violation
***NEED HELP***Anybody know what an ""ING" Account is
ING they advertise on TV and such my Dad who is very old and suffers from dementia has about 100K in an ING account. should I be worried or call someone to have it moved elsewhere--that money is for his caretaking and VERY important--Thanks
Anonymous Coward
User ID: 160259
Netherlands
08/11/2007 08:03 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
ING they advertise on TV and such my Dad who is very old and suffers from dementia has about 100K in an ING account. should I be worried or call someone to have it moved elsewhere--that money is for his caretaking and VERY important--Thanks
 Quoting: Anonymous Coward 276543


You mean ING as in ING the Dutch Bank?
Anonymous Coward
User ID: 254467
United States
08/11/2007 08:03 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
ING is a good place to put your money. It's got one of the highest interest rates going. But if your dad has dementia, I'd find out the login information if you or someone needs to access it later on. That money is building interest.
the Helper
User ID: 280883
United States
08/11/2007 08:07 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
It is a an internet banking service that is linked to your local bank electronically.To move funds you need to have passwords to enter the Ing webpage account , then transfer funds into your local bank account to access as normal.
It's purpose is to give a higher intrest rate for your savings. Basically you 'park' the money there until you need it through your regular banking account.
Anonymous Coward (OP)
User ID: 276543
United States
08/11/2007 08:09 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Yes ING the bank--I was just worried since people were talking about money market funds and such going down. We do have it online I will call the DPOA and get the login codes. Also Is it sane to keep that much in 1 place or should some be dispersed. Actually my dad can give money to his grandchildren and such that was one of his wishes.
Anonymous Coward
User ID: 160259
Netherlands
08/11/2007 08:18 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Yes ING the bank--I was just worried since people were talking about money market funds and such going down. We do have it online I will call the DPOA and get the login codes. Also Is it sane to keep that much in 1 place or should some be dispersed. Actually my dad can give money to his grandchildren and such that was one of his wishes.
 Quoting: Anonymous Coward 276543


Hi, I assume it's this ING:
[link to www.ing.nl]

Being in the Netherlands, I didn't hear any untrustworthiness about ING.

If you are uncertain about your father's savings, perhaps you can talk with a trustworthy financial service. Diversification is always an option to hedge risks. Personally I prefer diversification of any wealth. But you should inform yourself well if you have never been active in the financial market. Also take every advise you read on GLP with grains of salt.
WW RAUPP

User ID: 260308
Netherlands
08/11/2007 08:19 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
While I do not have any business there, I heard it's very reliable.
To shape the world is to become immortal
Anonymous Coward
User ID: 237207
United States
08/11/2007 08:34 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
THIS MAY BE OF ASSISTANCE IF YOUR FATHER HAS PASSWORDS HE IS HOLDING AND WISHED TO TRANSFER THAT INFORMATION TO YOU, UPON HIS PASSING, WITHOUT ANY PROBLEMS:

www.deathswitch.com
Anonymous Coward (OP)
User ID: 276543
United States
08/11/2007 08:36 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Just got the info back --All is well----Thanks
Anonymous Coward
User ID: 160259
Netherlands
08/11/2007 08:36 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
OP, to give you more information about ING:
Employees 115,000 (world wide, 2005)
Revenue 73.6 billion Euros (in 2006)
Profit 7.7 billion Euros (in 2006, not sure whether this is before or after tax)
Biggest international insurer in Latin America since 2000

In essence, they aren't a very small player. Still, as stated in the above, you can always think about diversification.

(in Dutch)
[link to nl.wikipedia.org]
Anonymous Coward (OP)
User ID: 276543
United States
08/11/2007 08:43 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Diverse into WHAT at this point in the game. I just thought of dads money last night --and called my brother and he was like oh shit--He looks after it. I'm the one who is looking for a new mortgage for my wife since her 2/28 is gonna reset in FEB--Worst comes to worst dad will have people that care about him caring for him.
Anonymous Coward
User ID: 160259
Netherlands
08/11/2007 08:55 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Diverse into WHAT at this point in the game. I just thought of dads money last night --and called my brother and he was like oh shit--He looks after it. I'm the one who is looking for a new mortgage for my wife since her 2/28 is gonna reset in FEB--Worst comes to worst dad will have people that care about him caring for him.
 Quoting: Anonymous Coward 276543


Personally I don't like to give financial advises on the internet. Simply because I don't know the complete financial situation of the one I am talking to. However, with the current state of the global markets, diversification into other currencies, precious metals just to hedge some of the risks is in my opinion a good way. But take also my last statements with grains of salt.

However, all depends on the financial situation of the person, and above all the risks one dares to take.

I got the impression that you are unsure about the financial outlook. That's why I said that you can always try to talk to a trustworthy financial service who can give you more detailed advises.
Anonymous Coward (OP)
User ID: 276543
United States
08/11/2007 09:02 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Who right now can be considered trustworthy as far as financial advice-I would really like to talk to someone -I know my dad always like a sure-safe bet. Even if it it meant not making much safety of the money was his primary concern. He also has a 5 yr- 5% fixed annuity with about 80K in it. My 24yr old daughter works for Morgan Stanley she has a masters in Buissness-Finance-Economics- I should talk to her but don't want to ever have to hold her responsible for anything
Anonymous Coward
User ID: 160259
Netherlands
08/11/2007 09:23 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Who right now can be considered trustworthy as far as financial advice-I would really like to talk to someone -I know my dad always like a sure-safe bet. Even if it it meant not making much safety of the money was his primary concern. He also has a 5 yr- 5% fixed annuity with about 80K in it. My 24yr old daughter works for Morgan Stanley she has a masters in Buissness-Finance-Economics- I should talk to her but don't want to ever have to hold her responsible for anything
 Quoting: Anonymous Coward 276543


I agree, that's the hard part; who can you really trust? Especially with so many complex financial instruments nowadays, it can get very hard. The first step is to inform yourself as much as possible. You can always ask your daughter's opinion (as she is schooled in finance) without putting a responsibility. Also you can look at the results of the different financial funds in the past years and whether they conform to certain ratings. Furthermore, you can talk to e.g. banks and ask them what kind of financial funds (instruments) they have that is orientated to less risk and more safety.

I hope this helps a bit, good luck.
Anonymous Coward
User ID: 215191
United States
08/11/2007 09:26 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
I would get that money out of the fixed anuity as soon as it matures. You can get that kind of interest in a 12 month cd.
WW RAUPP

User ID: 260308
Netherlands
08/11/2007 09:36 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
When ING posted their Q2 numbers, they revealed their exposure to the US subprime mortgage market is 0.5% of their total investment portfolio - which accounts to 3 billion US dollars.
To shape the world is to become immortal
Anonymous Coward
User ID: 203965
United States
08/11/2007 09:38 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
ING is being taken over!! just do not have it in a US dollar account.

put it in EC Euro's account, dollar will devalue another 30-40% over next year or two!!
Anonymous Coward (OP)
User ID: 276543
United States
08/11/2007 09:49 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
ING is being taken over!! just do not have it in a US dollar account.

put it in EC Euro's account, dollar will devalue another 30-40% over next year or two!!
 Quoting: Anonymous Coward 203965

Please more Info on this ING takeover and yes since were in the US it is in dollars. I agree with the annuity but dad just resigned up for anotherb 5 last year. September we can take out 10% of the value without penalties and then we'll roll that into a CD. Dad is 77 and really didn't understand he was locking that money up for 5 years. Nor does he know now he is like "Rainman". It took us 8 months just to hunt down his accounts !!!
mercury2

User ID: 261818
United States
08/11/2007 10:10 AM

Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
ING has an office in St. Cloud, Minnesota. I didn't even know they were a Dutch company. You could probably call them on the telephone and talk to someone in Minnesota about your concerns. That might be a good place to start.

You are smart to be thinking about it and to think about diversifying where funds are kept so that everything isn't in one place.

In a way I am glad I don't have any assets to worry about! I had relatives who lost half the value of their investments around 2001. I wouldn't have done things the way they did but who would listen to me when I am the one who never had any money to start with?

Anyway here's their page with the Frequently Asked Questions:
[link to home.ingdirect.com]
The web site is INGdirect.com
Anonymous Coward (OP)
User ID: 276543
United States
08/11/2007 10:58 AM
Report Abusive Post
Report Copyright Violation
Re: ***NEED HELP***Anybody know what an ""ING" Account is
Well my only thought is for my family and close friends. My dad cannot take care of himself so we have to take care of his finances. Thanks for all the help .If anybody thinks of anything else please post

News