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Organizing Your Financial Documents

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When it comes to important documents, some people are detailed filers and others are “organized pilers”. You know where your documents are, but does anybody else? In an emergency or the event of your incapacity, could your adult children or designated Power of Attorney quickly find the documents and information that they need? Whether you choose to go electronic or stick with paper, there are a couple of steps to follow to organize your financial documents.

Stay Protected
If you make the shift to paperless with your documents, be sure that your home network is secure and that the documents and your personal computer are password protected. Be sure to quickly update the password that is automatically assigned to you during a new internet installation. Periodically update your antivirus software and make sure you have a firewall. If you receive account statements and notifications electronically, consider changing your password every six months to a year, and never access your financial information on a public network! When storing documents electronically, you can either save them locally on your computer or research websites that offer services to store and organize your important documents in one place.

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