Page 3 - Wig & Associates Lakewood Edge Newsletter ~ March 2020 Issue

shredding

HOW LONG SHOULD IMPORTANT DOCUMENTS BE KEPT?

by Jane Whitten 7 years after you file a return. Knowing that, a good Otherwise, you can dispose of them as soon as you
rule of thumb is to save any document that verifies verify your payment was processed. You can also
STORE PERMANENTLY: TAX RETURNS, information on your tax return—including Forms dispose of bank withdrawal and deposit slips after
MAJOR FINANCIAL RECORDS W–2 and 1099, bank and brokerage statements, verifying them with your monthly statement.
Your tax returns are important documents tuition payments and charitable donation receipts.
to keep as part of your financial history. Keep a HOW CAN YOU KEEP YOUR
permanent electronic or hard copy of each year’s REGULAR STATEMENTS, DOCUMENTS SECURE?
tax return and any payments you make to the PAY STUBS FOR 1 YEAR
government. Additionally, hold on to records of Keep either a digital or hard copy of the past 12 For physical documents, designate a safe,
events, such as legal filings or inheritances. months of monthly bank and credit card statements. out-of-the-way place in your home to store all
paper records that protects them from damage
SUPPORTING TAX DOCUMENTATION UTILITY BILLS, DEPOSITS AND WITHDRAWAL or theft. For digital records being stored on jump
3 TO 7 YEARS RECORDS FOR 1 MONTH drives or portable hard drives, be sure to archive
Depending on your filing circumstances, the IRS If you’re self-employed, you may need your and back up all electronic records. If you choose
may ask you for supporting documentation for 3 to utility, cable and cell phone bills for tax purposes. to go paperless you can keep your digital copies SPOTLIGHT
stored in the cloud with a reputable service such
as Dropbox, iCloud, Amazon Drive, Google
Drive, or Microsoft OneDrive to name a few.
If you don’t have an actual scanner, there are
many Android or Apple apps to use on a phone
or a tablet.

DOCUMENT DISPOSAL, HOW AND WHERE?
Use a portable shredder, find an office supply
store that charges by the pound or find a company
that is doing a shredding event such as VAN WIG
& ASSOCIATES. On Saturday April 18th from
8am to 11am, they will have a huge shredding
truck in front of the office at 4435 E Village Rd,
Long Beach, CA. They are offering FREE
on-site shredding while you watch. If you have
any questions? Call Allison at 562-882-1581 or
Cindy at 562-754-8802. n
LAKEWOOD MARKET UPDATE

MEDIAN LIST PRICE - 90712 REAL-TIME MARKET PROFILE
NEVER MISS IMPORTANT CHANGES IN THE LAKEWOOD MARKET

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

MARKET SEGMENTS Each segment below represents approximately
25% of the market ordered by price.
MEDIAN PRICE SQ. FT. LOT SIZE BEDS BATH AGE NEW ABSORBED DOM
$842,000 2,471 6,500 - 8,000 SQFT 4 3 69 0 1 52
$667,499 1,716 4,500 - 6,500 SQFT 3 2 65 1 1 14
$629,000 1,146 4,500 - 6,500 SQFT 3 1 70 1 2 7
$565,000 1,301 4,500 - 6,500 SQFT 3 2 70 3 2 0

MEDIAN LIST PRICE - 90713 REAL-TIME MARKET PROFILE
NEVER MISS IMPORTANT CHANGES IN THE LAKEWOOD MARKET

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
MARKET SEGMENTS Each segment below represents approximately
25% of the market ordered by price.
MEDIAN PRICE SQ. FT. LOT SIZE BEDS BATH AGE NEW ABSORBED DOM
$767,000 2,120 4,500 - 6,500 SQFT 4 2 69 1 2 49
$699,000 1,574 4,500 - 6,500 SQFT 3 1 70 2 4 31
$635,000 1,257 4,500 - 6,500 SQFT 3 1 70 2 3 59
$587,450 1,049 4,500 - 6,500 SQFT 2 1 73 2 4 15
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