Paperwork to Keep and What to Shred
People tend to keep every single piece of paper that has ever floated into their lives in a hugely disorganized manner. As much as some might be important, some could be introduced to Mr. Shredder. The last thing you want is to ensure up with clutter and misplace even the most important document in the process. The good news is that there re several methods you could use to escape such problems. This article is going to give you some of the tips that will be of great benefit to you as you learn more. Read on to find out more about the different paperwork you should keep and the ones you should consider shredding.
It is advised that you keep a copy of anything sate related or federal. They include documents like social security cards, birth certificates, death certificates plus much more. You want to ensure that you have a copy of such document to avoid going through a stressful time trying to replace them. Most importantly, you will be able to easily locate them when the time to use them comes. you also want to ensure that you store them in not only safe places but also fire proof if possible.
There are a number of things you also want to keep the latest versions of. It is important to take note often fact that it does not matter whether you have a physical copy of such documents or you scan then store them in a folder on your computer-as long as you have a copy of them with you. For instance, you want to ensure that you keep all your tax records and receipts for up to seven years just in case the taxman pays you a visit, you decide to join the business world, intend to buy property or even want to take loan for personal use.
You are also required to keep your bank statements for about a year. Doing that is important because you never know when such information might be needed. Failure to do so, you might be highly inconvenienced in the future.
You also want to ensure that you keep every page of your medical records and healthcare bills for not less than twelve months after making payments because you never know when you will find yourself embroiled in a dispute with your insurance providers.
It is prudent that you also keep all the latest versions of your social security statements, annual insurance policy documents plus your retirement plan statements. Additionally, you want to ensure that you keep any document relating to property sale or purchase for about six years after selling. These could come in handy in the future.