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