Episode 167: 8 Key Steps to Organizing Financial Records

2022-03-31

We all have important papers, but how do you know what you really need vs. what you can toss? David shares what to shred and what to hold onto when it comes to your financial records. What we discuss on this episode: 1:45 - What should you do with investment statements? 4:37 - Should you keep bank statements? 7:08 - How long do you need your tax records? 8:39 - Do you need current year’s tax return documents? 10:50 - Birth certificates and Social Security cards are tough to rep...

We all have important papers, but how do you know what you really need vs. what you can toss? David shares what to shred and what to hold onto when it comes to your financial records.

What we discuss on this episode:

1:45 - What should you do with investment statements?

4:37 - Should you keep bank statements?

7:08 - How long do you need your tax records?

8:39 - Do you need current year’s tax return documents?

10:50 - Birth certificates and Social Security cards are tough to replace.

13:22 - Wills and estate planning documents should be kept.

14:30 - Home improvement documents should be kept as long as you own the house.

16:59 - Receipts for valuable items you have should be kept.

Get additional financial resources here: https://www.coveryourassetskc.com/podcasts

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