What to Save & What to Shred

Keep for one month:

  • Credit Card Receipts (after you have checked against your statements)
  • Sales Receipts for minor purchases
  • Withdrawal and Deposit slips (after you’ve checked them against your monthly bank statement)

Keep for 1 year:

  • Paycheck stubs (after they are reconciled with your annual W-2 or 1099)
  • Monthly bank, credit-card, brokerage, mutual-fund and retirement account statements
  • Phone & utility bills
  • Mortgage statements

Keep for 7 years:

  • W-2s, 1099s, and other guts of your tax returns
  • Year end credit-card statements, brokerage and mutual-fund summaries

Keep indefinitely:

  • Tax Returns
  • Receipts for major purchases
  • Real estate and residence records
  • Will and Trusts

Keep in a Safe-Deposit Box:

  • Birth and Death Certificates
  • Marriage Licenses
  • Insurance Policies
  • Passports
  • Copies of your will and trusts
  • Copies of your Credit cards (if they are lost or stolen)

Note: These are guidelines. Please check with your accountant about your specific requirements.

List provided by www.realsimple.com/organizingforms

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