A folding bed chest system, comprising: a chest assembly, comprising: two opposing side panels spaced apart by a distance; a front panel assembly connected to the chest assembly by one or more primary hinges, the front panel assembly movable between an upright closed position and an opened position, such that when in the opened position the front panel assembly is configured to be supportive of a mattress, the front panel assembly, including: an upper front panel rotatably connected to the front panel assembly, the upper front panel extending from and supportive of the front panel assembly when the front panel assembly is in the opened position; and a frame including: a main frame portion; a footboard frame connected to the main frame by one or more secondary hinges; and a footboard leg extending from the footboard frame and supportive of the footboard frame when the front panel assembly is in the opened position; a drawer assembly, freely movable into and out of a drawer opening disposed below the front panel assembly and between the opposing side panels, the drawer assembly configured such that the front panel assembly is movable from the closed position to the opened position when the drawer assembly is located fully in the drawer opening, and one or more retainers to retain the footboard leg at the footboard frame when the front panel assembly is in the closed position, characterized in that said one or more retainers are one or more magnets. two opposing side panels spaced apart by a distance; a front panel assembly connected to the chest assembly by one or more primary hinges, the front panel assembly movable between an upright closed position and an opened position, such that when in the opened position the front panel assembly is configured to be supportive of a mattress, the front panel assembly, including: an upper front panel rotatably connected to the front panel assembly, the upper front panel extending from and supportive of the front panel assembly when the front panel assembly is in the opened position; and a frame including: a main frame portion; a footboard frame connected to the main frame by one or more secondary hinges; and a footboard leg extending from the footboard frame and supportive of the footboard frame when the front panel assembly is in the opened position; a drawer assembly, freely movable into and out of a drawer opening disposed below the front panel assembly and between the opposing side panels, the drawer assembly configured such that the front panel assembly is movable from the closed position to the opened position when the drawer assembly is located fully in the drawer opening, and one or more retainers to retain the footboard leg at the footboard frame when the front panel assembly is in the closed position, characterized in that said one or more retainers are one or more magnets. an upper front panel rotatably connected to the front panel assembly, the upper front panel extending from and supportive of the front panel assembly when the front panel assembly is in the opened position; and a frame including: a main frame portion; a footboard frame connected to the main frame by one or more secondary hinges; and a footboard leg extending from the footboard frame and supportive of the footboard frame when the front panel assembly is in the opened position; a drawer assembly, freely movable into and out of a drawer opening disposed below the front panel assembly and between the opposing side panels, the drawer assembly configured such that the front panel assembly is movable from the closed position to the opened position when the drawer assembly is located fully in the drawer opening, and one or more retainers to retain the footboard leg at the footboard frame when the front panel assembly is in the closed position, characterized in that said one or more retainers are one or more magnets. a main frame portion; a footboard frame connected to the main frame by one or more secondary hinges; and a footboard leg extending from the footboard frame and supportive of the footboard frame when the front panel assembly is in the opened position; a drawer assembly, freely movable into and out of a drawer opening disposed below the front panel assembly and between the opposing side panels, the drawer assembly configured such that the front panel assembly is movable from the closed position to the opened position when the drawer assembly is located fully in the drawer opening, and one or more retainers to retain the footboard leg at the footboard frame when the front panel assembly is in the closed position, characterized in that said one or more retainers are one or more magnets.