As a financial planner, one of my main goals is to help clients achieve peace of mind in their financial lives. For many clients, the first step in achieving this peace of mind is getting rid of their “financial clutter.”
It should not take the filing of a tax return or a death in the family to create order out of paper chaos.
The chances of making costly errors are too great not to take some very simple, albeit essential, measures to get and stay organized all year long.
Here are my recommendations on what documents you can dispose of and when. Following this system will simplify your financial life for you and your family.
It starts with knowing what documents you need to keep, for how long and where to keep them – beginning with the most disposable: