How long should you keep tax returns, investment statements, and legal documents?
Holding on to the wrong paperwork creates clutter. Discarding the wrong documents can create risk.
Keeping proper documentation is important. Having the right documents helps if you are audited. They also help if you want a loan, need to prove you own an asset or to support you in a lawsuit. Declutter your files to keep only essential documents. This can give you clarity about your money matters. Finally, well-organized critical documents are so useful in case of emergency and to heirs. This applies to physical files and digital files.
Get the Pdf for a practical checklist you can use to organize your financial records with confidence.