3. Investment records
Any investment related paper such as trade confirmations or statements should be kept at least six years after the investment. Plus, when you keep the original trade confirmations which gives you info on cost basis, you can keep track of your capital gains and losses.
4. Credit card statements and documents
As we said it before, unless they are related to taxes, you can discard statements and receipts right after reconciling statement. However, if you want to return a certain purchase, you should definitely keep that receipt.
Next, we hope you borrow this sound advice…..
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