How long do you keep financial docs?

[julief]

I have some old pay stubs and mutual fund statements. What's the rule of thumb for common financial documents like bank accounts, etc.?
I know we have at least 7 years of tax returns.

Thanks.

[ssmjlm]

Bankrate has the info I think for things like that.

[y4m]

Jul 9, 2012 15:26:09 GMT -5 julief said:

I have some old pay stubs and mutual fund statements. What's the rule of thumb for common financial documents like bank accounts, etc.?
I know we have at least 7 years of tax returns.

Thanks.

I keep things like bank or credit card statements a year, unless there's something particularly valuable on one and I want to be able to substantiate it for an insurance claim or something. Paystubs I would only keep until I have the corresponding W2.

[julief]

Thanks. :-) I threw away all my old paystubs and bank statements.

[crazycakes]

I keep everything pretty much forever. But that is because I am too lazy to sort through them and throw things out.

When it comes to financial paperwork I may have hoarding tendencies.

[chessie]

I dont have any paper records of anything. Tax forms/statements are all online, stubs, and w-2. I keep a folder up to 10 years for tax stuff.