Newsletter Archive

Organizing Tip

As you gather your financial documents to prepare to file your tax return, you may realize that things have gotten out of hand. You opened a checking account at a credit union when you started a new job. You left your 401(k) at your previous job. You got an automatic coffee pot when you began a savings account at a local bank. Years ago, you found a screaming deal on a certificate of deposit and never moved the money when interest rates went through the floor. Now you have to track all these accounts and the paperwork that goes with it. Take these steps to simplify:

• Close or combine bank accounts
• Roll over 401(k) accounts from former jobs
• Get combined statements
• Go paperless

Remember there's no need to save monthly or quarterly statements after you review or balance your account. Shred at least once a year after you verify that your 1099 is correct. Similarly, you do not need to retain paycheck stubs or statements after you verify that your W-2 is correct. You will reap your reward down the road when you have fewer accounts to track and fewer papers to gather to prepare your tax return.

Learn How to Organize Your Records  

Tele-Seminar on Saturday March 26th from 9 to 11 am CT

Are you interested in getting your records organized? Do you find you need a little help getting started? Does the idea of an electronic notebook that you can easily update and share with close family members appeal to you? Can you picture yourself in front of your computer as someone talks you through the electronic notebook section-by-section while you sip coffee? Then the tele-seminar is for you.