MoneyWise


Good Record Keeping

February 15, 2019

Are you buried in paper? Never sure which receipts, statements and documents to hang on to? And for how long? Well you’re not alone. Many of us struggle with paper clutter. On this edition of MoneyWise, Steve Moore and Rob West help you dig out of that paper avalanche and put a filing system in place to keep it from happening again.  They cover how to deal with privacy when it comes to documents that contain personal information, and how to set up a 3-drawer system based on how long you need to keep certain documents.

Next, they answer your questions at (800) 525-7000 and Questions@MoneyWise.org about the following:

  • Should you take money from a 401(k) to help pay for a second home you’re looking to buy for retirement? 
  • What happens when you contribute more to a Roth 401(k) in a year than the IRS allows?
  • Would an annuity be a good investment vehicle for someone in their early 60s looking for regular monthly income in retirement?
  • How should you set up your estate to make sure my grandchild is cared for when you're gone?

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