Here’s some of what we discuss in this episode:

📄 Document Storage: Some records are worth keeping while others can be regularly cleared out

🧾 Tax Records: Phil generally recommends keeping returns and supporting documents for seven years

⚖️ Estate Documents: Wills, trusts, and powers of attorney should be safely stored and accessible

🛡️ Insurance Records: Current policies should be retained, with some older coverage kept temporarily

✂️ Secure Disposal: Sensitive paperwork should be shredded rather than simply thrown away

💻 Digital Storage: Electronic backups can improve access, but old devices and drives should also be disposed of securely

Somewhere in a drawer, a filing cabinet, or a shoebox in the closet, most of us are holding onto financial paperwork we don’t actually need. And we’re probably missing a few things we do need. Today, Phil sorts out what stays, what goes, and where it all belongs. Nobody loves paperwork, but a little bit of organization now saves a lot of scrambling later for you and for whoever has to help sort it out someday. When in doubt, ask us before you shred it.

Go Inside the Episode:

0:00 – Intro

0:48 – Paystubs

2:39 – Tax Records

3:39 – Investment Statements

5:38 – Estate Planning Documents

7:25 – Insurance Policies

8:48 – Keep Forever

10:59 – Tips for Secure Disposal

12:34 – Digital Records

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

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