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Old 05-12-2016, 11:11 PM   #41
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Originally Posted by braumeister View Post
I don't understand this at all. I haven't received paper statements from anything in years -- I just get an email when a new statement is ready, and I download the pdf.

A dozen different financial institutions (banks and brokerages), and they all do the same thing --no paper.

Scanning the few documents that do come by mail is easy, because there are so few.

Most of our investments / banking statements are paperless.
Three of my retirement accounts don't have this as an option (local county government, and they have not upgraded the system yet). Just three accounts, but still results in what seems like an awful lot of paper.

This thread has given me some good information and has also given me some more questions to ask, like:
1. Are the cost-basis accounting services offered by our brokerages / deferred comp plans accurate way back to when we started contributing, or do they have just part of that data?
2. How do you encrypt an archive for upload to the cloud?
3. When am I ever going to use any of this information again? (Knowing how I'll use data really helps me organize it for retrieval).
4. I need to do some research to better understand how cost basis is used. I think I've got the basics, but wouldn't mind a deeper understanding. Do I need that information for tax-deferred accounts, or just for taxable ones?
5. How can I streamline this process so that it's efficient, effective, and traceable (in the event that DH needs to take over our finances).


Thanks for the ideas, everyone!
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Old 05-12-2016, 11:17 PM   #42
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Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
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Originally Posted by Urchina View Post
Most of our investments / banking statements are paperless.
Three of my retirement accounts don't have this as an option (local county government, and they have not upgraded the system yet). Just three accounts, but still results in what seems like an awful lot of paper.

This thread has given me some good information and has also given me some more questions to ask, like:
1. Are the cost-basis accounting services offered by our brokerages / deferred comp plans accurate way back to when we started contributing, or do they have just part of that data?
2. How do you encrypt an archive for upload to the cloud?
3. When am I ever going to use any of this information again? (Knowing how I'll use data really helps me organize it for retrieval).
4. I need to do some research to better understand how cost basis is used. I think I've got the basics, but wouldn't mind a deeper understanding. Do I need that information for tax-deferred accounts, or just for taxable ones?
5. How can I streamline this process so that it's efficient, effective, and traceable (in the event that DH needs to take over our finances).


Thanks for the ideas, everyone!
1. The statements may not have data for stocks that were purchased / transferred into the taxable account prior to 2010 but the firm can get you reasonable amounts.

2. No idea.

3. When you sell investment and need to file Sch D

4. Only needed for taxable accounts

5. Your brokerage has a 10 yr history online so why the cloud?
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