Asset Planning, Inc Blog

The latest from the team.

Spring Cleaning

 

As soon as I finish my taxes I also do some spring cleaning of my paperwork clutter and finances. Here are some tips to get your financial house in shape:

  1. Organize financial papers: Do not leave financial documents around that contain information that could be used to steal your identity. Shred paperwork you no longer need. Save important papers in a secure place and if possible, digitally (scan and save on external drive/usb, etc.) and secure with a password.

  2. Bills, paystubs, bank and investment statements should be kept for one year and then just keep the year end summaries and shred the rest.

  3. Keep invoices and all bills for major repairs, improvements and construction on your home. This is vital to have when and if you ever sell your home for increased cost basis.

  4. Tax returns and all supporting documentation should be kept for at least 7 years. A good rule is to scan your older tax returns and keep them forever.

  5. Run your credit report to see if there are any unusual transactions. Annualcreditreport.com allows one free report per agency per year.

  6. Automate adding to investments and savings.

  7. Adjust tax withholdings on your income (paycheck, IRA’s, etc.) if you owed too much tax or received a large refund.

Continue reading
  1277 Hits
1277 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
fun atmosphere information Facebook D premiums cell phone carriers text messages padlock borrowing money items CA FTB 2017 IRA contributions Independence Day home emergency preparedness kits Medicare Part B summer phishing sites 900 number integral member Kiplinger Letter Economic Security April 18 2017. student loans assets privacy notices drive /usb client portal cell phone carriers offer estate Medicare question life saver VOIP landline phones health care services TD Ameritrade emergency kits IRS tax returns Puerto Rico insurance policies Affordable Care Act Supplemental Security Income Open House partner /owner wells Fargo Fox News story Financial Planning Magazine February 14 debt Part B jury duty prescription eyeglasses trust estate planning payments cell phones insurance policy check lists IRA accounts Ice Cream Social Medicare portal privacy settings Medicare Part B premiums Amazon Mobile Banking Security Tips credit freeze Social Security home security market turmoil July 3 rd Facebook profile pet relief efforts car loans Social Security Administration clients retirement plans July 6 https ://seekingalpha fees Roth IRA Wells Fargo customers scams interest rates 2017 Equifax breach tax deadline contribution limit Auto insurance Notary Public fun facts news coverage 2017 TD Ameritrade National LINC Conference CERTIFIED FINANCIAL PLANNER exam home break-ins 4 pm -8pm Federal Trade Commission website water … Retirement Contribution Limits tax season pets September 30 2020. pet donation drive business hours Healthcare DNA test kits September 8 documents opt-out estate planning direction cell phone service provider identity thieves credit card company people medications EEChecklist-Kits.pdf stockpilingchecklist.pdf Flexible Spending Account January 10 media accounts National Ice Cream month tax records Coronavirus Aid health care costs October 1 2020. trustee FSA card reader blog post Two-Step Verification Charles Schwab Labor Day earthquake app ID card holidays approach offering insurance banking driver license Wells Fargo employees markets tax filing deadlines Shred paperwork toilet paper policy stimulus package executive order ice cream event parking spots phone companies Asset Planning information Legal robocalls Joey Gonzales chip-enabled EMV cards paper records asset Planning spring cleaning ice cream phone Erin Nelsen Medicare Advantage money home emergency kit emergency folder phishing scams April 15 non-prescripstion sunglasses Medicare plan family members donation counts Open Enrollment years illiegal robocallers July 4 pet supplies web address CFP ® increase official certification interest 70 1/2. cell phone provider donation items settlement options disaster areas Expired medications 20 year anniversary home Treasury Department consumer spending credit monitoring service company credit cards birth certificates flash drive self-help topics notary services retirement accounts account numbers credit card fraud identity theft president Trump Part D premiums . checklists spread spam phone June 29 rescue organizations FEMA website vacation California Lions Friends app house sitter cell phone SIM swap scam tax deadlines operations manager clients show support hurricane Dorian CARES Act IRS deadline pet industry team members clone counterfeits memorial Day weekend stock pile September 9 2018 IRA contributions retirement planning paperwork clutter breach bottom line Brexit vote emergency kit COVID -19 virus retirement April 11 “ skimmer ”. vision screening July weekend 401K 23 andme earnings fallout Victor Dergunov gap insurance home mortgages coronavirus credit score Kraig Mathias Orange County Superior Court email notifications investment statements records Orange County https ://