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De-Clutter Your Financial Records
If you keep hundreds of financial documents on hand, the mountain of paper can be overwhelming and unnecessary. Here�s a guide to help you shrink your stacks of paperwork to a manageable proportion. (Note that if a document supports your tax return you should keep it for six years � if not, follow the guide below.)
Document Type | Discard After |
Credit card bills | One month (or six years if it supports your tax return) |
Receipts | End of warranty |
Medical bills | One year |
Pay stubs | You get your W-2 |
Tax return support documents | Six years after return is filed |
Stock, bond, fund statements | Six years after return is filed |
Tax returns | Never |
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