Spring clean 1xbet sports betting finances with these tips from a financial expert
Friday, April 24, 2015
MANHATTAN — It's spring-cleaning time, when we rid our home of dust and clutter that have accumulated over the year — but what about the financial clutter? A Kansas State University personal financial planner says this is the perfect time of year to assess 1xbet sports betting financial health and get rid of some unnecessary documents.
Cliff 1xbet sports betting , associate professor of 1xbet sports betting planning in the College of Human Ecology, says ridding yourself of bills that pile up is one way to clean up 1xbet sports betting finances, but there are other "cleaning" practices you should make an annual habit if you want to be financially fit. This includes investing in 1xbet sports betting retirement, checking 1xbet sports betting credit report and updating critical life documents like 1xbet sports betting will.
"There are two big mistakes people tend to make with a retirement account, or a 401(k)," Robb said. "The first mistake is not opening up a retirement account as soon as possible. Many times people will put off the decisions — what to allocate, where to allocate, how much of their paycheck to invest — because those are hard decisions. But putting it off is always negative because it's costing 1xbet sports betting time and investment.
"The second common mistake is people will set up their account and not look at it again until they near retirement age," he said. "Every few years, you should review 1xbet sports betting allocations because as you near retirement, you should be adjusting those allocations into less risky investments."
Robb also suggests consolidating retirement accounts into a single 401(k), which 1xbet sports betting legally can do at no cost.
While you're checking on 1xbet sports betting retirement, check 1xbet sports betting credit report, which also is free through the website http://www.annualcreditreport.com. 1xbet sports betting have the option of checking the report from all three providers at one time annually, or staggering it and checking one provider every four months.
"There are three different major providers of credit report material and you have access to each one of these," Robb said. "Whichever option you take — getting all at once or staggering the reports — is up to 1xbet sports betting personal preference. However, it's important to always look at all three reports because each report is subject to different information. You might find one provider has an inaccuracy and the other doesn't. If you do find an inaccuracy, clear that up with the credit provider."
Have you gotten married in the last year or had kids? Robb says this time of year is a good time to review any big life changes and make sure 1xbet sports betting insurance lines up with 1xbet sports betting new lifestyle. And although it is uncomfortable, also use this time to create or update 1xbet sports betting will.
Once 1xbet sports betting get the big stuff out of the way, then it is time to throw away the clutter.
"The biggest thing to consider when deciding whether or not to throw out paperwork is if it could be critical to 1xbet sports betting tax filing," Robb said. "If it is part of 1xbet sports betting tax documentation, then you need to keep either the paper copy or make an electronic copy because tax documents need to be retained for seven years. That is the typical window when the Internal Revenue Service may choose to review 1xbet sports betting documentation. If you need to support anything in 1xbet sports betting taxes, you need seven years of documentation to be able to defend it."
If it isn't needed for taxes, 1xbet sports betting can toss it. Here are some documents that are OK to shred or dispose of securely:
• Monthly bank statements or statements past a year old; just 1xbet sports betting the annual statement.
• 1xbet sports betting for debts that have been paid.
• Old leases or contracts that are no longer current.
• Monthly utility 1xbet sports betting .
If 1xbet sports betting don't feel comfortable disposing of these documents, Robb suggests scanning them and storing them electronically.
"Those documents can be stored in some other kind of safe cloud-based software such as Dropbox or a shared file storage, and then 1xbet sports betting know 1xbet sports betting will always have access to them," Robb said. "This is useful because those documents can be accessed in an emergency when the paper documents might have been destroyed or inaccessible."
For more 1xbet sports betting , visit Financial Planning Day on Friday, May 1, at Kansas State University. From 10 a.m. to 2 p.m., financial planning professionals from around Kansas 1xbet sports betting be at the K-State Student Union and Chester E. Peters Recreation Complex, offering pro bono financial advice to students and the community.
