As you create a budget, calculate your net worth and create a financial plan, it’s important to locate and organize your key financial documents. Make sure at least one other family member is familiar with your organization system as well, in case of an emergency.
Use these categories to group your financial paperwork:
Insurance
- Life insurance
- Health insurance
- Disability insurance
- Auto insurance
- Home insurance
- Additional (long-term care, Medicare supplement, etc.)
Savings and investments
- Retirement accounts (include your yearly Social Security statement)
- College savings vehicles
- Savings account statements
- Additional investments
- Checking accounts
- Bank statements
- Check duplicates
- ATM receipts
- Children’s accounts
- Savings and checking
- Trusts
- Bonds
- Additional
Debts
- Credit cards
- Home
- Car(s)
- School loans
- Additional debt
Employment
Tax returns
- W-2 forms, 1099s and tax returns from the past 7 plus years
Your will and estate plan
- Will
- Living will
- Power of attorney (financial and health)
- Trusts
- Business card of your attorney
- Additional estate planning documents
Your financial planning documents