Property bill of purchase—As long as you own the property

Résumé—As long as it's current

Safe Deposit Box key and inventory—As long as it's current

Tax records (bank statements and canceled checks, certificates of deposit, contracts, charitable contributions, credit statements, income tax returns, lease and loan agreements, loan payment books, pension plan records, pay stubs)—The current year, plus six prior years

Vital Records (Adoption papers, birth & death certificates, citizenship papers, copyrights/patents, marriage certificate, divorce decree, letter of "Last Instructions" to executor or heirs, medical illness and vaccination records, passports, Power of Attorney, Social Security records, Wills)—Permanently  

Now that you know how long to hang on to important papers, set up a file folder system that works for you!


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