As we continue discussing organizing our finances, let’s remember the reason why we are doing it and then start a list of your accounts. Joe Sangl, financial advisor, has shared part three and four of the steps on his website.
Part Three: Information to include on your financial accounts form (a link was provided in the previous post)
Investment Accounts – Include your 401(k), 403(b), 457, TSP, Roth IRA, IRA, stocks, bonds and mutual funds.
Bank Accounts – This means your checking, savings, money market, CDs and any others with a credit union or bank.
Real Estate – Make sure you list the addresses and the financial status of them.
Will – Bankrate says 58 percent of Americans do not have a will. You need one, says Sangl.
Power of Attorney – Healthcare POA, Limited POA and any other legal assignments.
Insurance Policies – Make sure you include life insurance and insurance on possessions.
Valuables – List jewelry and other valuables and their locations.
Safe Deposit Box – List it if you have one and where it is located.
Part Four: Finding free or cheap resources
You can find a free healthcare power of attorney with AnMed Health Center here. There are many free legal documents like a will and power of attorney. If you have a lot of assets, Sangl suggests meeting with an attorney. Good luck!