Financial Housekeeping: Stay Organized and Secure

As we approach year-end, it’s a great time to do some quick financial housekeeping. One key step is reviewing your existing accounts to ensure you know where all your funds are. Use this quick checklist to confirm you’ve accounted for everything:

Potential Account Types to Review:

• Bank Accounts

• CDs

• Checking

• Savings

• Investments

• Individual Accounts

• Joint Accounts

• Children’s Accounts

• 529 Plans

• Custodial Investment Accounts

• Retirement Accounts

• Employer Accounts: 401(k), 403(b), SEP IRA

• IRAs: Traditional, Roth, SIMPLE

• Annuities

• Health Savings Account (HSA)

• Life Insurance Policies

Why Review Your Accounts?

Recently, there have been reports of funds being fraudulently withdrawn from Fidelity accounts. In these cases, thieves followed a troubling pattern:

1. Gained access to the victim’s account.

2. Opened a joint account with the victim.

3. Transferred funds from the victim’s individual or retirement account into the joint account.

4. Withdrew the money from the joint account.

While technology has made opening accounts and transferring funds easier for legitimate users, it has also created opportunities for fraud. By reviewing your accounts, even once a year, you can reduce the risk of becoming a victim.

How to Protect Yourself

Most financial institutions provide tools to monitor your accounts. Here’s a simple process to ensure everything is in order:

1. Log In: Access your account through your financial custodian’s website or app.

2. Check All Accounts: Review the list of accounts tied to your name and Social Security number. Verify that you recognize each one.

3. Review Transactions: If you notice any unexpected changes in your account balance, check the Transactions or Account History tabs for details.

4. Take Action: If anything looks suspicious, contact your financial institution immediately.

If you’re unsure how to navigate this process or feel uneasy doing it alone, I’m happy to help you step-by-step.

Simplify for the Future

If managing multiple accounts feels overwhelming, consolidating them can make it easier to keep track of your finances. I’m here to assist with this process or any other financial concerns you may have.

Please don’t hesitate to reach out if you, or someone you know, could use help with account reviews or financial organization. Together, we can ensure your funds are safe and secure as we head into the new year!

Kanso Capital LLC is an Investment Advisor registered with the State of Washington. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or the completeness of, any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions.  Please contact us at 425-503-0265 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from Kanso Capital with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, www.KansoCapital.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.