Houston Investors Should Organize Finances for Ease in Planning

Coffee and computer with graphs free useThere are several corners of your financial life that can be simplified through consolidation.

If you feel like your finances are all over the place and hard to manage, you just need to take a moment to de-clutter and get a system going.  Also, it’s ok to ask for help!

A recent article in The Tahoe Daily Tribune’s, titled “Simplify your financial life,”provides some very helpful advice on de-cluttering and organizing your important information:

  1. Go Green. It’s very easy to find your financial documents online. Going paperless will help reduce the clutter, plus it’s also environmentally friendly. Start with credit cards and bank statements—get them electronically. Most companies send out an email when your statement or bill is ready each month, so you can download and store your statements electronically and make a hard copy to file if needed.
  2. Merge! Retirement accounts are one of the areas that most folks can consolidate. The article notes that if you’ve worked for different employers in your career, you’ve probably have several different retirement accounts. Think about consolidating all of your 401(k) and IRA dollars by rolling them into a centralized retirement account.
  3. Ask a professional. As you sort through your financial choices, enlist the right professionals to assist you. Helpful professionals include a qualified estate planning attorney who can provide guidance on how to put you in the best situation.

Set up an appointment with an estate planning attorney to see if they can help get your financial life organized.

For additional information on estate planning and trusts in Houston, please click here to visit my website.

Reference: The Tahoe Daily Tribune (May 11, 2015) “Simplify your financial life”


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