Comments on: How Long Should You Keep Your Financial Statements?

By: Gerry

Gerry — Sun, 13 Sep 2009 16:36:05 +0000

Just a caution about relying on online access to statements – in some cases, banks and other financial institutions may only keep them accessible for a specified period.

By: John

John — Thu, 21 May 2009 17:41:56 +0000

1. Should the IRS claim you did not file a return.
How are you going to prove it, if you do not save all of your returns.

2. Yes, you can save checks and statements online.
A lot of banks will charge $ 5 to $25 to provide copies.
Free copies are only avaiable for a few months.
Then there is the control issue – Do I want to be subject to the bank’s policy & timeline when I need copies.

3. One issue with having scan copies in the computers, Remember to convert the backup to new hardware and software.
How much backup was save using Lotus and save on 5 1/2 inch disk?

By: » BVC #11 - Keeping Financial Documents

» BVC #11 - Keeping Financial Documents — Thu, 21 May 2009 11:10:56 +0000

[...] of Jeff Rose, a CFP in Illinois. Just a few short weeks ago he wrote about how long you should be keeping financial documents so please read his advice as well. { 0 comments, please add your thoughts now! } By [...]

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By: Patrick

Patrick — Mon, 04 May 2009 02:27:38 +0000

Excellent article, Jeff. My wife and I scan everything and save it to our hard drive – that way we have a copy if need be. I figure since storage is cheap and it doesn’t cost us anything, we may as well save it. Backups, of course, are essential, as are paper shredders.

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[...] How Long Should You Keep Your Financial Statements? This is something I’ve always wondered as I try to safe precious space in my filing cabinets. Sometimes I get a little too purge happy! This post by Jeff Rose @JeffRose of Good Financial Cents offers this useful guide on just how long we should keep our important paperwork. [...]

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By: finance girl

finance girl — Sat, 02 May 2009 16:22:05 +0000

oh duh you did list that, I saw it when I scrolled back up on this. You even listed it first so yeah would say you see the total importance of that one!

finance girl’s last blog post..If You Aren’t Interested In Being My Friend, Then Why The Hell Would I Care About Your Kids?

By: finance girl

finance girl — Sat, 02 May 2009 16:20:18 +0000

Another insanely important form to keep track of are any 8606s filed. Will need those come distribution time. finance girl’s last blog post..If You Aren't Interested In Being My Friend, Then Why The Hell Would I Care About Your Kids?