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
  766 Hits
766 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
prescription eyeglasses non-prescripstion sunglasses Affordable Care Act October 1 2020. contribution limit tax season 70 1/2. National Ice Cream month insurance policy Medicare card reader relief efforts Treasury Department summer Victor Dergunov credit card fraud pet insurance policies July 4 opt-out Open Enrollment paperwork clutter interest rates bottom line home mortgages Medicare question estate planning banking credit score D premiums house sitter 401K identity thieves jury duty Social Security Administration pet industry portal FEMA website Notary Public Brexit vote borrowing money June 29 client portal home break-ins privacy notices money vacation Mobile Banking Security Tips April 11 disaster areas earthquake app VOIP landline phones home security 23 andme account numbers Social Security Kraig Mathias Medicare Part B retirement accounts gap insurance 20 year anniversary identity theft fees asset Planning home Legal robocalls April 18 2017. wells Fargo vision screening Orange County Puerto Rico investment statements credit cards 2017 IRA contributions 2017 TD Ameritrade National LINC Conference spring cleaning birth certificates Supplemental Security Income clients show support emergency kit drive /usb retirement Roth IRA trust estate driver license IRS deadline credit freeze executive order CERTIFIED FINANCIAL PLANNER exam Facebook profile consumer spending policy flash drive car loans Shred paperwork California Lions Friends ice cream event DNA test kits credit card company phishing scams clients memorial Day weekend president Trump chip-enabled EMV cards https ://seekingalpha Independence Day pets Wells Fargo employees documents official certification retirement planning privacy settings Fox News story clone counterfeits assets IRA accounts Healthcare emergency folder Wells Fargo customers parking spots illiegal robocallers “ skimmer ”. pet supplies notary services information Facebook Open House 4 pm -8pm debt Orange County Superior Court increase Two-Step Verification rescue organizations Auto insurance ID card fun facts trustee