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In this tutorial, the instructor discusses five essential aspects of managing federal records. First, employees should evaluate whether they have accumulated excessive information and check if older records can be legally destroyed or deleted, referencing the records retention schedule. This officially approved policy outlines record types and mandatory disposition instructions. Employees are encouraged to consult their records management resources for a copy of this schedule. Lastly, the video touches on the possibility of storing paper records offsite, suggesting options like the Federal Records Center or authorized vendors for storage.