- How long should you keep old utility bills?
- Should I keep old car insurance documents?
- Is it safe to throw away junk mail?
- How do you destroy paper without shredding?
- How long should you keep old medical records?
- Should I shred old utility bills?
- Should I shred old tax returns?
- Should I keep old checkbooks?
- How long do you keep car insurance statements?
- How long should you keep bills before shredding?
- Do you need to keep old insurance policies?
- What papers should I keep and for how long?
- What documents should you keep after someone dies?
- What do I do with old life insurance policies?
- How long should you keep bank statements and canceled checks?
- What papers to save and what to throw away?
- What should you not shred?
- What bills should you keep and for how long?
How long should you keep old utility bills?
one yearUtility Bills: Hold on to them for a maximum of one year.
Tax Returns and Tax Receipts: Just like tax-related credit card statements, keep these on file for at least three years.
House and Car Insurance Policies: Shred the old ones when you receive new policies..
Should I keep old car insurance documents?
You do not need to retain old bills. Current insurance policies for building and contents. Outdated policies should be discarded. … You should ,however, keep together the vehicle registration form, MOT certificate, car insurance policy and any loan documentation relating to the purchase of the vehicle.
Is it safe to throw away junk mail?
Shred Before Throwing Junk Mail Away. Many consumers may not think twice about simply throwing junk mail away. But those credit card applications and other pieces of mail contain personal information, such as your address. … However, many advise against going straight to the trash with this mail.
How do you destroy paper without shredding?
Pulping is a fairly labor-intensive, but highly effective way to get rid of old sensitive documents. For this method, you’ll need bleach and a tall, bleach-resistant trash can. Add a half gallon of bleach to the trash can. Bleach breaks down paper and destroys ink, so it’s great for rendering your documents unreadable.
How long should you keep old medical records?
five yearsAlways keep your health insurance information and contact number for your physician up-to-date. It may prudent to hang onto medical bills for at least a year should there be a dispute over a reimbursement. Some experts recommend maintaining records for five years from the time that treatment of a condition ended.
Should I shred old utility bills?
Most experts suggest that you can shred many other documents sooner than seven years. After paying credit card or utility bills, shred them immediately. … After one year, shred bank statements, pay stubs, and medical bills (unless you have an unresolved insurance dispute).
Should I shred old tax returns?
Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.
Should I keep old checkbooks?
Keep any check that was written toward a non-tax-deductible expense at least six months to one year. Some people prefer keeping them for three years. You will need these checks in case there is a dispute about a payment you made.
How long do you keep car insurance statements?
seven yearsFrom your actual policy, the declarations page is the most important to be able to find. Statements regarding your payment of insurance are likely only relevant for tax purposes. To be safe, you might want to hold onto them for seven years in the event of a tax audit from the IRS.
How long should you keep bills before shredding?
Utility bills: How long should you keep bills before shredding? If you’re claiming a home office deduction, you should keep utility bills for three years. Otherwise, keep them for one year, then shred them.
Do you need to keep old insurance policies?
Experts generally agree if you have renewed a “claims made” insurance policy, you can get rid of the ones preceding it. Because these policies only protect against claims made during the life of the policy, there’s no reason to keep them after they have expired. Most U.S. insurance companies write this type of policy.
What papers should I keep and for how long?
Keep forever. Records such as birth and death certificates, marriage licenses, divorce decrees, Social Security cards, and military discharge papers should be kept indefinitely.
What documents should you keep after someone dies?
As estate administration attorneys, we recommend that the following documents be kept:Original birth and death certificate (both for the deceased person and any predeceased spouse);Original marriage certificate, prenuptial agreement and decree of divorce;Original stock, bond and other asset ownership certificates;More items…•
What do I do with old life insurance policies?
However, for most people at retirement, that life insurance can be repurposed to pay for estate taxes or to make bequests. Once your estate exceeds $5.45 million, or a sum twice that if you are married, the federal estate tax rate is 40 percent of the excess.
How long should you keep bank statements and canceled checks?
seven yearsThe Federal Deposit Insurance Corporation website recommends keeping any cancelled checks or bank statements pertaining to taxes for at least seven years.
What papers to save and what to throw away?
When to Keep and When to Throw Away Financial DocumentsReceipts. Receipts for anything you might itemize on your tax return should be kept for three years with your tax records.Home Improvement Records. … Medical Bills. … Paycheck Stubs. … Utility Bills. … Credit Card Statements. … Investment and Real Estate Records. … Bank Statements.More items…•
What should you not shred?
Be sure to lock up any important documents that you don’t shred, including birth and death certificates, adoption papers, marriage and divorce papers, citizenship papers, Social Security cards, tax-related documents, deeds and titles, and financial statements.
What bills should you keep and for how long?
Chart: What records to keep, how long to keep themDocumentHow long to keep itCredit card statementsOne monthPay stubsOne yearBank statementsKeep monthly statements for one year. Keep annual statements related to your taxes for at least seven years.Utility and phone billsOne month5 more rows•Mar 15, 2010