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9 years ago
How Long do I Keep Household Records?
Documents and records that you need to keep forever (in a safe place):
- Birth certificates
- Citizenship papers
- Social Security Card
- Marriage certificates
- Adoption papers
- Divorce decrees
- Wills
- Death certificates
- Household inventory
- Deeds
- Life insurance papers
- Car Titles
- Military Service records
- Bonds & Stock certificates
- Important contracts
Documents to keep for a period of time:
- Bank statements 6 years
- Canceled checks 6 years
- Investment records 6 years after tax deadline for year of sale
- Tax returns 6 years from filing date
- Insurance (car, home) Until updated
Records that you do not need to keep:
- Salary Statements once they have been checked against your W-2 form
- Canceled checks that are not needed for tax purposes
- Expired warranties
For further reading on discarding/storing household records visit http://www.pueblo.gsa.gov/cic_text/money/keeprecords/keeprecords.htm where you will also find a net worth statement form and other important information.
Be sure to protect your privacy by shredding any papers that contain personal information.
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