76: What Women Need to Know About Financial Recordkeeping: Lessons from Client Stories

Take Back Retirement

“In the world of the IRS, if it's not documented, it's not real.”

Get set for a value-packed journey as our hosts Stephanie McCullough and Kevin Gaines tackle the critical topic of keeping financial records in this latest episode of Take Back Retirement. But they don’t go it alone. They invite two clients - Steve and Doug - and two experts – Enrolled Agent Marianne Borneman and CPA Sonya Pappas - to give a well-rounded perspective on just how important record keeping really is.

First, discover how proper documentation can serve as a shield in financial disputes as Stephanie and Kevin introduce two of their clients - Steve and Doug. They share their personal experiences dealing with pension plans, tax determinations, and the powerful role of keeping precise records in securing their interests.

Next, learn from Marianne about the possible hazards of not having accurate documentation when dealing with the IRS and how it may prompt the tax collectors to dig even deeper. Sonya shares valuable tips on maintaining record security and the necessity for a systematic approach to saving and purging documents. Tune in, learn, and protect your financial future by mastering the art of vigilant record-keeping!

Key Topics:

• Introducing the Importance of Record Keeping (00:54)
• Exploring Record Keeping with Client Steve (02:41)
• Exploring Record Keeping with Client Doug (12:55)
• Exploring Record Keeping with Expert Marianne Borneman (20:28)
• Exploring Record Keeping with Expert Sonya Pappas (33:27)
• Stephanie and Kevin’s Wrap-Up (45:45)

Resources:

• Find Marianne Here - Thetaxreductionnetwork.com
• Sonya on LinkedIn - GSM Advisory Group on LinkedIn

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You can find the transcript and more information about this episode at www.takebackretirement.com.

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