You may have bank accounts at several different institutions. You also may have several different retirement accounts, especially if you have changed jobs a number of times over the years. You also may have several credit cards. Organizing all this information in one place will make it easier if someone has to help you pay your bills or do your shopping for you. Make sure that the beneficiary information on your retirement accounts is accurate and up-to-date.
For each account, make sure you have:
- name, address, and phone number of financial institution
- account number
- current balance
- date that payment is due (for credit cards)
- beneficiary (for retirement accounts)
Most of this information can be found on your monthly statement of account.