What’s In Your Financial Junk Drawer?

Retirement Ready

We all have that drawer in the house with random odds and ends--some of it valuable and some of it you have no idea what to do with. What about in your financial files or folders? Do you know what’s what and what needs to go?

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Today's rundown:

2:15 - Old life insurance policies should be considered. Do you still need them?

4:12 - Outdated will or estate plan may need updating, especially if a life event has happened since then.

5:16 - Social Security statements (the old green ones) won’t show current numbers, so they aren’t accurate.

8:09 - Orphaned accounts with old 401(k) statements should usually be rolled over.

9:28 - U.S. savings bonds stop earning interest after 30 years.