Managing tax records, documents to keep – 5 tips

IRS.gov – After you file your taxes, you will have many financial records that may help document items on your tax return. You will need these documents should the IRS select your tax return for examination. Here are five tips from the IRS about keeping good tax records. 1) Normally, tax records should be kept […]

Nine strategies to organize your financial life

FDIC.gov – There are many reasons to organize and simplify your financial life. Eliminating clutter, saving time and reducing stress are surely among them. And here’s another motivating factor: Not keeping tabs on your finances can be costly if it results in fees or interest charges you could have avoided, investment losses, additional taxes or […]

Financial records: what to throw away and when

FDIC.gov – Bank statements, credit card bills, canceled checks and other documents can be useful for tax purposes, as proof of a transaction or payment, or for other reasons. But how long should you keep them; when can you finally throw them away? A simple blog post really can’t tell you when it’s totally safe […]

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