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
  1859 Hits

Search Blogs Module

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