With Tax Season in full swing and all that paper everywhere do you even feel like just throwing it all up, away or into the fire? Boy I know I do but, we have to keep some important docs and I hope this list is a good reminder.

Tax returns- 7 Years– Keep tax returns and all supporting tax docs, including W-2’s, 1099 forms, property tax info, bank statements, mortgage interest statements, cancelled checks, receipts, home purchase and  home improvement info.

Paycheck stubs– 1 Year

Home Ownership

1. Mortgage docs 10 years- After property has sold 7 years.
2. Mortgage statement’s 7 years-  After property has sold 10 years
3. Repair bills/contracts 10 years

Insurances

1. Home 5 Years
2. Life of policy +3 years
3. Medical 5 years

Investment/Retirement Accounts

1.  IRA contribution’s permanently
2. 401K annual summaries-keep until you close the account
3. Investment statements 7 years after last account is sold.

Permanently Never Shred

1. Adoption/Guardianship Papers
2. Birth Certificates
3. Citizen/Naturalization
4. Health Immunization
5. Lawsuits
6. Marriage/Divorce Decree
7. Pension Plan Docs
8. Veteran Papers