How long do I have to keep it?
It's a common question nearly every client wonders about at some point in the clean-out process.
Bank Statements - 6 years
Birth Certificates - Forever
Canceled Checks - 6 years -(or opt out of receiving them all together)
Contracts - Until updated
Credit Card Account #'s - Until updated
Divorce papers - Forever!
Home purchase and improvement records - As long as you own the property
Household Inventory - Until updated
Insurance Papers (life) - Forever
Insurance Papers (car, home, etc.)- Until updated
Investment Records - 6 years after tax deadline for year of sale
Investment Certificates - Until cashed or sold
Loan Agreements - Until updated
Military Service Records - Forever
Real Estate Deeds - As long as you own the property
Receipts for major purchases - Until sold or discarded
Service Contracts & Warranties - Until sold or discarded
Social Security Cards - Forever
Tax Returns - 6 years from filing date - unless unresolved
Vehicle Titles - Until sold or discarded
Will - Until updated