Somewhere in a drawer, a filing cabinet, or a shoebox in the closet, most of us are holding onto financial paperwork we don’t actually need. And we’re probably missing a few things we do need. Steve helps sort out what stays, what goes, and where it all belongs. Nobody loves paperwork, but a little bit of organization now saves a lot of scrambling later for you and for whoever has to help sort it out someday. When in doubt, ask us before you shred it.
Here’s some of what we discuss in this episode:
🧾 Tax Records: Knowing how long to retain W-2s and supporting documents
📊 Statements: Keeping investment records organized without creating unnecessary clutter
🪪 Identity Records: Safeguarding birth certificates, Social Security cards, and passports
💍 Marriage Records: Keeping documentation that establishes important legal relationships
🏦 Loan Documents: Holding onto the original terms of mortgages, auto loans, and other debts
🗑️ Safe Disposal: Shredding sensitive paperwork instead of simply throwing it away
☁️ Digital Storage: Using secure backups and cloud storage to make records easier to access
0:00 – Intro
1:15 – Pay Stubs
2:50 – W-2s & 1099s
4:41 – Investment Statements
6:53 – Estate Documents
8:05 – Insurance Policies
9:01 – Original Documents
10:30 – Marriage & Divorce Records
12:00 – Loan Paperwork
13:57 – Disposing of Documents
16:05 – Tips for Organizing Your Records
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
