Personal Records To Keep.

Personal Documents to Be Kept For One Year

While it’s important to keep year-end mutual fund and IRA contribution statements forever, you don’t have to save monthly and quarterly statements once the year-end statement has arrived.

Personal Documents to Be Kept For Three Years

  • Credit Card Statements
  • Medical Bills (in case of insurance disputes)
  • Utility Records
  • Expired Insurance Policies
  • Personal Documents to Be Kept For Six Years

    • Supporting Documents For Tax Returns
    • Accident Reports and Claims
    • Medical Bills (if tax-related)
    • Sales Receipts
    • Wage Garnishments
    • Other Tax-Related Bills

    Personal Records to Be Kept Forever

    • CPA Audit Reports
    • Legal Records
    • Important Correspondence
    • Income Tax Returns
    • Income Tax Payment Checks
    • Property Records / Improvement Receipts (or six years after property sold)
    • Investment Trade Confirmations
    • Retirement and Pension Records (Forms 5448, 1099-R and 8606 until all distributions are made from your IRA or other qualified plan)