An organizational system will help you a lot
Think about an organizational system that works best for you and your family. Or, if you’re not in the mood for creating the perfect system, you could try this one: determine your main categories (such as car, insurance, loans, and back accounts) and place each “category” in its specific folder.
Another smart option is to use colored binders for every single fiscal year. “Having them set up by year allows you to easily gather the documents when it’s time to destroy them,” explains Steuer. “I also recommend that you maintain digital copies on your computer and through a cloud backup service,” he added.
Okay, now that we know how to create an organizational system, which documents should we keep no matter what (and which ones we can discard)? Click on the “NEXT” button to discover!
3 thoughts on “8 Important Documents You Should NEVER Throw Away”
This is good organization technique I keep mine in my safe deposit box
I wish I would have kept my 1988 tax forms because Social Security went back 31 years when I applied for disability and was granted in 2019. Since I couldn’t prove I made the amount that was on Social Security Statement for that year by not saving that years paperwork, Social Security cut that amount in half which affects my monthly disability payments. IRS doesn’t keep records for that long either
So I suggest people should save their tax records till death then family members can dispose of them then.
GREAT ADVISE