Record keeping Q for tax attorney and accountant types

[Blueberry]

I'm pretty sure it's 7 years too.....

CA (who isn't a tax atty, but wishes she could specialize in water, fish and trees )

[SadieKate]

Collecting links of info:

http://www.kiplinger.com/columns/ask...2002/q0325.htm
http://ask.yahoo.com/20020729.html
http://www.bankrate.com/brm/news/mtg/20000518h.asp
http://www.fdic.gov/consumers/consum.../bnkrcrds.html

I have boxes of family trust reports also (trust me, it's a very teeny, tiny trust). I'd really like to just get a CD once a year or quarter than this ton of paper. Maybe the reports could be emailed to me. I'm being buried alive!

[Trekhawk]

Collecting links of info:

http://www.kiplinger.com/columns/ask...2002/q0325.htm
http://ask.yahoo.com/20020729.html
http://www.bankrate.com/brm/news/mtg/20000518h.asp
http://www.fdic.gov/consumers/consum.../bnkrcrds.html

I have boxes of family trust reports also (trust me, it's a very teeny, tiny trust). I'd really like to just get a CD once a year or quarter than this ton of paper. Maybe the reports could be emailed to me. I'm being buried alive!

Hey you cant count climbing out from under paperwork towards your Kiviuq total you know.

Sorry as you can see I have nothing useful to say.

[SadieKate]

Can't get one past you, can I?

[SouthernBelle]

Most financial stuff should be kept for 7 years. It helps every year if you get one of those big files divided into months and just file all your bills, statements, etc away by month. Been doing this for years and keeps stuff organized and easily found.

Some things shoud be kept longer such as mortgage docs, deeds, brokerage statements (for proof of long term gains or losses). Those things get their own file. I punch holes in them every month and put the newest on top of the stack in the file. One file can last that way for many years.

HTH,