How to Manage Your Key Digital Assets

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

The average American has thousands of dollars worth of digital assets — this includes things like cryptocurrency accounts, sensitive personnel files and even irreplaceable items like family photos.

Many of us don’t have a plan for managing this information and keeping it secure, however.

Want to get organized and make life easier for you and your family? Here are four steps to consider taking:

1. Make a Master List

The first step is to list your assets. Inventory all email and social media accounts, business and personal websites, digital photo albums, online shopping accounts, and any other online information you have stored.

2. Get Organized

Once you know what you have, it’s time to secure all your usernames and passwords — either with a third-party cloud service or on an external hard drive — to help keep your valuable data organized and safe. A trusted password manager can help make things easier, too.

3. Plan for the Future

Creating a directive for your loved ones on how to access your data is an important step to protecting sentimental photos, home movies, joint checking accounts and more. Incorporating these assets into your will can help you manage and preserve your digital life.

4. Enlist Help

There’s no reason to feel like you have to do all of this alone. Especially when it comes to technical, financial and legal matters, it’s best to enlist the help of experts.

Have questions about handling and organizing your digital assets or any other finance-related matters?

Reach out today if you need some guidance.

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