Data security and best practices

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    Data security and best practices

    Modern financial planning: security of personal data

    by Jason Speciner, Fort Collins Financial Planning

    While security breaches are nothing new, the tactics hackers use to access personal information are constantly changing. In the last decade alone big names like WhatsApp owned by Facebook, Uber, Home Depot, Yahoo !, Marriott – and even credit bureaus Equifax – Fell victim!

    But online data security is only half the story, and with so much emphasis on protecting yourself online, it can be easy to forget the importance of physical data security.

    [Read the Full Article]

    Data security overview

    by Trevore Meyer, Financial Design Studio

    We live in an increasingly technology-driven world. We have data here, data there, and it always goes up here and down there.

    Half the time we don’t know what it’s doing or where it’s going, but it’s kind of important for us to know how best to hedge in this type of world.

    [Watch the Video]

    Identity Theft: What You Need To Know

    by Rob Stoll, Financial Design Studio

    We are here today to talk about identity theft. It’s close to our hearts because we both went through something similar recently.

    In late 2019, when I was finalizing our 2020 budget, I realized that around Christmas I had 6500 fraudulent charges on Nordstrom.

    [Watch the Video]

    How long do I have to keep financial documents?

    by Jim Bradley, Penobscot Financial Advisors

    If you ask this question online, you will get a litany of web articles, many from banks and insurance companies, some from the IRS. I recently found that they all say basically the same thing, so I’m sure to pass on this:

    • Retain your tax records for 3 years (the IRS reserves the right to review your tax returns within this period)
    • In this case, unless you underestimated your income by more than 25 percent, keep it for 6 years …
    • Unless you submitted a fraudulent return. In this case, keep the records forever (isn’t it fraudulent to underestimate your income by 25%?)
    • The IRS requires that you keep all records related to undelivered tax returns forever. (Kindly suggestion: file the tax return. Don’t commit tax fraud or low income. Now you’re back to the three-year rule!)

    [Read the Full Article]


    Following financial advisor blogs is a great way to access valuable, educational information about finance – and it won’t cost you anything! Our financial planners are happy to share their knowledge and help everyone, regardless of age or wealth.



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