Decluttering Financially (redux)

Do you do regular clean-outs of your financial life? A while ago I brought up Decluttering Financially, and its importance in your financial life. At the time I had many old and tatty securities lying around my financial world and I really did need to clean up.

Since then, I have pretty much cleaned up those crappy old mutual funds. However, I have also cleaned out:

• I had a bunch of Common Stock holdings that were doing me no good (including some leftover Nortel), and any money made from those sales went into Index Funds and/or ETFs.
• Some remaining useless mutual funds needed to be gone (again, all money funnelled back into my passive Index Investments).
• I had an RRSP and a LIRA disappear but that was doing a service buyback into the Federal Government Pension (expensive, but worth the money)—two less things to worry about.
• A couple of old investing accounts that were hanging around as well (two RESPs for two of my kids, which now are at zero. I thought I closed them, but they persist, it seems)

I do have 1 more thing I need to get rid of and that is a perfectly useless LIRA set up with Sun Life that I need to transfer into a much better investment fund. This one is a messy old thing that I had forgotten about, and it has given me almost 1% growth over the 15 years I have held it (yes, the only thing worse I could have done is left it in Nortel).

How goes your financial de-cluttering? Getting it done?

Other Clutter Articles

• Money and Lent: Clutter too? You can use Lent as an excuse to actually clean up your clutter.
• Bazaar: Where Clutter Goes this is a common topic, in fact, I wrote about it in The Church Bazaar and Uncluttering as well.
• De-cluttering Financially (redux) making sure you keep your financial life uncluttered is important as well.
• Unclutter your life! is one of my first posts about the importance of getting rid of clutter.