What Personal Documents Should You Keep and for How Long?

Posted on: April 10th, 2018 by Leah Nichaman No Comments

We are often asked about how long specific records should be kept. Discarding records that should be kept poses a wide range of potential tax and legal problems. Keeping reports too long wastes precious space and resources. But how long should you keep personal documents on record?

The following are just a few suggestions about how long you should keep personal finance and investment records on file:

  • Household Inventory – Forever; update as needed
  • Service Contracts and Warranties – Until you sell or discard the item warrantied
  • Social Security Statement –  Until you get your new statement
  • Tax Records –  At least 4, up to 10 years from the filing date


You can view the full list by clicking on Record Retention Guidelines