I was meeting with the guy who manages my workplace’s retirement plans and I learned that I wasn’t able to contribute as much to the plan as he previously thought. So I’ll be getting a check refunding some of last year’s contributions and I have to reduce my contribution for the remainder of this year’s paychecks so I’ll be under the limit this year (and pay a bunch more income tax ).
Because I’m paperless and I have all my old pay stubs in Dropbox I was able to grab my iPad and bring up my total contribution for last year and year-to-date contribution this year right there in the meeting with him. This meant we could get all of this resolved right there in the meeting. If I’d needed to go home and find a physical copy of my pay stub or W2 it would have meant a couple of days and a bunch of emails back and forth. I probably wouldn’t have been able to get the withholding adjusted on my next paycheck.
So, there are other benefits to going paperless beyond just saving space in your file cabinet.