How long should you keep bank statements and canceled checks
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How to get 15-year-old bank statements...
Determining whether to keep or shred bank statements and financial documents can be confusing – use our simple guide to get started.
Every year, it’s nice to do a bit of “financial spring cleaning” and declutter your filing cabinet, desk drawers, and the various hiding places where miscellaneous scraps of paper tend to accumulate and multiply.
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Here’s what you need to know:
Keep Or Toss
Keep Forever
If you’re long overdue for some organization in the paperwork department, start here! This category includes all the super important life stuff that’s usually issued to you only once and therefore difficult to replace:
- Birth and death certificates
- Social Security cards and ID cards (even expired versions)
- Passports (even expired versions)
- Marriage licenses and divorce decrees
- Adoption papers
- Copies of wills, trusts, and powers of attorney
- Adoption papers
- Records of paid mortgages
- Safe-deposit box inventory
- Military records
- Retirement and pension plans
Your “keep forever” documents should be kept in a secure place.
A locking file cabinet in your home is a popular cho
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