2249: How Long Should You Keep Your Financial Statements? by Jeff Rose

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 25 March 2023

⏱️ 9 minutes

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Summary

Jeff Rose talks about how long you should keep your financial statements Episode 2249: How Long Should You Keep Your Financial Statements? by Jeff Rose Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. The original post is located here: https://www.goodfinancialcents.com/how-long-should-you-keep-bank-financial-tax-statements/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2249.
0:04.6	How long should you keep your financial statements by Jeff Rose of GoodFinancialSense.com.
0:11.3	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.5	Welcome back to Optimal Finance Daily, where I'm here with you each and every day to read
0:20.6	from some of the world's best finance blogs.
0:23.9	And with that, let's get right to today's article as we optimize your life.
0:32.5	How long should you keep your financial statements by Jeff Rose of GoodFinancialSense.com?
0:40.1	Every new client that decides to work with me, I always have to give them the warning of
0:44.2	the amount of introductory paperwork they'll receive.
0:48.0	From prospectus to statements, many are initially overwhelmed on the amount that they receive.
0:54.3	In addition to that, I wanted to also share how long you should keep some of the other
0:58.7	important documents you receive, such as tax returns, bank records, and 401k statements.
1:05.2	I can't reiterate enough how important it is to be organized.
1:09.7	Keeping a good filing system of all your statements will help you do a better job of investment
1:14.7	tracking.
1:16.2	Before you listen to the post, you may want to get your shredder ready.
1:20.5	Brokered statements.
1:22.5	I tell clients that once they get a new statement, they can toss the old one.
1:27.3	You of course are more than welcome to keep them all, and I have plenty of clients that
1:31.3	do.
1:32.3	But in this day and age, we have everything on backup, and can produce an old statement
1:36.9	relatively easily.
	...

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