Smith Barney’s effort to save trees

My Smith Barney 401K account statement arrived today. I was pleased to see that Smith Barney is encouraging its clients to go paperless to save trees:

Smith Barney - save trees.jpg

I opened up the envelope to see that I have 7 cents in my account.

 smith barney - 7 cents.jpg

You see, this is an account from a previous employer.  I’ve tried several times to completely empty out the account, but to no avail.  They keep sending me a statement every quarter.

BTW, I went to the SB website and tried to sign up as paperless for future statements.  After 10 minutes of trying, I gave up.  It won’t let me into my account–perhaps because it’s an inactive account.

Epilogue:  If I let the money in this account grow for one billion years, maybe I’ll be able to retire on it.

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Erich Vieth

Erich Vieth is an attorney focusing on civil rights (including First Amendment), consumer law litigation and appellate practice. At this website often writes about censorship, corporate news media corruption and cognitive science. He is also a working musician, artist and a writer, having founded Dangerous Intersection in 2006. Erich lives in St. Louis, Missouri with his two daughters.

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    Ben September 14, 2007 Reply

    I had a bank start billing me for a *free* safe deposit box years after I closed the account. It turns out that to officially close a bank account you need to actually go down to the bank and take hostages.

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