Financial Preparedness

There have been some great threads here on backing up data and keeping all that personal financial information accessible and portable for unexpected situations (I love the new USB micro-drives). Anyway, along those same lines, here is a good list of documents to consider and when to dispose of archives:

http://www.ricedelman.com/planning/basics/whattokeep.asp

Robert,
That was a great link! It answered alot of questions. Thanks for posting it.

Thanks for the iinfo. We just went through our annual disposal of old records. I was aware of the 7 year rule for most items but this page answered a lot of questions.

Chris

This page answered many questions and brought up a few.

I heard that major tax and financial laws had changed. We are now encouraged to keep stuff for 10 rather than 7 years, as the IRS is allowed to pry that far back into your history.

I don't have that kind of room in our small townhouse.

You could employ a data-scanning service. They could put all your >10 year-old records on a DVD and give you multiple copies. Just a few DVDs instead of boxes of papers. Just a thought.