This week, I’m talking about financial document organization. Only the most type A among us have everything all in order, so I’m sharing with you some tips, and quick and easy ways to get your financial life organized. 

Today’s episode is a continuation of your personal financial inventory list that I talked with you about yesterday. If you recall from yesterday, one of the first and easiest steps to take with organizing your financial documents is creating an inventory list. You list all of your accounts and where they are held, so your loved ones and at least 1 trusted contact know where your assets are located. 

Now that you have the list that tells your loved ones where your assets are located, we want to take the next step and help them get in contact with the right people. 

So the next step in this process is creating a list of advisor contacts and their contact info. You’ll want to include your: 

• Accountant
• Attorney(s)
• Financial Advisor
• Insurance Agent
• Bank or banker
• Executor, Trustee, & power of attorney
• Employer/HR contact

And like your asset inventory list, you’ll want to keep your list of contacts updated by setting a reminder about once a year to do this. Your attorney may retire. You may get a new life insurance policy or fire your financial advisor, so you’ll want to make sure to update it once a year or when you make a major change. 

And like your asset inventory list, having a list of contacts that your spouse or loved ones can call will be very comforting and will ease any stress in what is always a difficult time - after a death or disability. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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