How long do you keep your statements?
Every new client that that decides to work with me, I always have to give them the warning of the amount of introductory paperwork they will receive. From prospectus’ to statements, many are initially overwhelmed on the amount that they receive. In addition that, I wanted to also share how long you should keep some of the other important documents you receive such as tax returns, bank records and 401k statements. I can’t reiterate enough how important it is to be organized. Keeping a good filing system of all your statements will help you do a better job of investment tracking. Before you read the post, you may want to get your shredder ready. 
Brokerage Statements
I tell clients that once they get a new statement, they can toss the old one. You, of course, are more than welcome to keep them all and I have plenty of clients that do. But in this day and age, we have everything on backup and can produce an old statement relatively easily. The one statement that you definitely want to hang on to is your December or annual statement. […]
