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
  1668 Hits

Search Blogs Module

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