Document Retention Guide

PERSONAL RECORDS (KEEP FOREVER)

  • income tax returns
  • income tax payment checks
  • investment trade confirmations
  • important correspondence
  • legal records
  • retirement and pension records
  • CPA audit reports

note: consult your accountant before getting rid of any financial paperwork
note: please consult your attorney before getting rid of any legal paperwork

 

PERSONAL RECORDS (KEEP SIX YEARS)

  • supporting documents for tax returns
  • accident reports and claims
  • medical bills (if tax-related)
  • property records / improvement receipts (if tax-related)
  • sales receipts (if tax-related)
  • utility records (if tax-related)
  • other bills (if tax-related)

note: consult your accountant before getting rid of any financial paperwork
note: consult your attorney before getting rid of any legal paperwork

PERSONAL RECORDS (KEEP THREE YEARS)

  • credit card statements
  • medical bills (in case of insurance disputes)
  • utility records (for internal use)
  • expired insurance policies

note: consult your accountant before getting rid of any financial paperwork
note: consult your attorney before getting rid of any legal paperwork

 

SPECIAL CIRCUMSTANCES

  • car records (keep until the car is sold)
  • credit card receipts (keep until verified on your statement)
  • insurance policies (keep for the life of the policy)
  • mortgages / deeds / leases (keep 6 years beyond the agreement)
  • pay stubs (keep until reconciled with your W-2)
  • property records / improvement receipts (keep until property sold)
  • sales receipts (keep for life of the warranty)
  • stock and bond records (keep for 6 years beyond selling)
  • warranties and instructions (keep for the life of the product)
  • other bills (keep until payment is verified on the next bill)

note: consult your accountant before getting rid of any financial paperwork
note: consult your attorney before getting rid of any legal paperwork

 

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