SOmeone on a list I am on shared this….good info to know!
SAVE IT OR SHRED IT?
Keep for one Month
„X Credit-card receipts
„X Sales receipts for minor purchases
„X Withdrawal and deposit slips. Toss after you’ve checked them against your monthly bank statement.
Keep for 1 Year
„X Paycheck stubs
„X Monthly bank, credit card, brokerage, mutual fund, and retirement account statements.
Keep for 6 Years
„X W-2s, 1099s, and the other guts of your tax returns Year end credit card statements, brokerage and mutual fund summaries for the year.
Keep Indefinitely
„X Tax returns
„X Receipts for major purchases
„X Real estate and residence records
„X Wills and trusts
Keep in a Safe Deposit Box (it is also good to keep a copy of these in a strongbox in your home or at least in a file that you have easy access to in case you need it)
„X Birth and death certificates
„X Marriage license
„X Insurance policies
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Thanks, Ostara, very useful advice! I always wonder how long to keep paper stuff!