Part of being financially healthy is knowing where your important documents are kept. These include: the deed to the house, a birth certificate, a will, and tax returns. Unfortunately, it can be easy to lose track of these documents unless you have a plan. Here are some ideas for keeping important documents accessible and safe:
- Determine which documents are truly important and irreplaceable. For example, birth certificates, passports, social security cards, and your will. Consider storing the originals in a fireproof safe at home, or store the originals in a safe deposit box at a bank, and keep the copies at home for reference.
- For other documents that aren’t as sensitive, you might just need to make photocopies or digital scans.
- Let a trusted family member know where your important documents are stored so they can retrieve them for you in the unlikely event you’re unable to reach them.
Keeping your important documents organized and safe will save you time; and, even better, it will save you the potential stress and aggravation of having to replace them.
The information on this page is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.