Is paper clutter taking over your home? Is it difficult to find important paperwork? Are you wondering just how long to hold on to financial records ?
If so, you’re not alone. Many people have a problem with paper clutter. But just how long do you really need to hold on to it all?
- Adoption Records
- Auto/Home/Life Insurance Policy Information. Keep as long as the policy is still active and then shred.
- Auto Records. Keep as long as you own the vehicle.
- Birth Certificate
- Death Certificate(s)
- Divorce Agreement/Child Custody Orders
- Investment Records
- Marriage Certificate
- Medical Records
- Military Records
- Pension Plan Records
- Receipts for major home improvements. Keep until you no longer own the home.
- Will and/or Power of Attorney
Store all of your financial paperwork in a cool, dry place.
We keep all of our monthly and forever files in a filing cabinet in our office. The paperwork that we need to hold on to for 6 years is in storage totes in our basement (it’s very dry down there and they are up off the ground). Extra important papers are locked in a safe.