There is one major tool every person who has received a job loss notification should have in there home, a paper shredder. If money is already tight you can ask your friends or family members if you can borrow there paper shredder for a few days.
The paper shredder becomes powerful for so many reasons.
When job loss happens and you are near retirement, people tend to explore the option of early retirement. This exploration usually requires the accumulation of financial statements of all your investments accounts, tax returns, bank accounts, mortgage credit card, and utility bills.
These important documents are required to make the best decision about whether or not you can take early retirement. Once you have made the decision the paper shredder can help you dispose of these documents that need proper disposing. Any one of these documents if simply put into the garbage could create an identity theft situation at the worst possible time. These statements contain value information about you that identity theft people are looking for.
Next time you have a financial document in your hand take a look at the information provided as though you were a stranger, to see how much you could learn about you, beneficiary designation, account numbers, where your money is located etc. . .
A great paper shredder will help prevent your important information from falling into the wrong hands. I have watched a lot of movies where they go through the garbage and re construct the shredded documents so I go beyond a paper shredder. You can do what I do with all my sensitive documents. I take my documents to a professional destruction company and for a few dollars I can watch them destroy my documents with no chance of reassembly.
Rick Henderson is a well known author, speaker and educator. his website is a library full of retirement planning strategies. His latest book 90 Days to Retirement is available free through his website http://www.financialideas.ca Rick also offers second opinions about your retirement plan to give you peace of mind and ensure you avoid the most common mistakes most investors make.
You can request his latest “CD" isn't it time you got a second opinion about your wealth by visiting http://www.financialideas.ca and clicking any email link and type “CD" in the subject