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It may be summer, but it’s not too late to finish your spring cleaning. As you sort through your belongings, including paperwork, it’s important that you don’t throw out the important documents you may need down the road.

Before you start shredding, use our Expiration Date Tracker to make sure it's safe to dispose of your files.
Bank deposit slips After you reconcile your statements
Banking statements After a calendar year; store with tax returns if any will be used to prove deductions
Employer defined-benefit plan communications Never
Investment statements (brokerage, 401(k), IRA, Keogh) Shred old monthly and quarterly statements when you receive a new one; save annual statements until you sell the investments
Investment purchase confirmations and 1099s
Hold until you sell the securities, then keep with your tax records for an additional seven years
Life insurance policies Never, if still in force; store in your safe-deposit box
Safe-deposit box inventory Never, but review and update each year
Social Security statements Shred an old statement when you receive a new one
Tax returns and related documents After seven years

Time to Start Planning

As you progress from organizing your important papers to planning for the future, consider how you can help the organizations you care about, like United Way. We’re happy to help you get started by finding the right giving vehicle for you. Contact Kalina Covello at or 949.263.6154 to get started.