I was sitting here, feeling pretty smug. I shredded enough documents today to fill a 40-gallon leaf cleanup bag. Also, I have consolidated most of our investment accounts (all that I manage) each to a single fund, either a Vanguard Life Strategy or a Target fund. (Thank you, Taylor!)
That's still a lot of accounts: His and her TIRA and Roth (4), joint taxable (1), two kids with taxable, 529s and Roth IRAs (6), that's 11. But then I started contemplating other, cash-equivalent accounts that have a relatively small balance:
Bank of America checking and associated savings account. $10k.
Kids' checking / savings. 2 each at $2k.
Ally Bank savings / demand note (I forget what it is these days). $10k.
Checking for an LLC that I use as a shell for my consulting business. $10k.
Treasury direct. $1k.
State Dept. CU, so I can get a chip/PIN credit card that works in Europe. $2k.
Not to mention the cash / money market accounts associated with many of the 11 investment accounts. I could easily round up a dozen checkbooks in five minutes.
Not to mention the Home Equity Line of Credit (negative checking), and an envelope with about $15k of EE savings bonds.
Maybe this thread belongs in the one about reducing clutter!
Déjà Vu is not a prediction