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#23763 - 01/25/04 06:51 AM Financial Preparedness
gear_freak Offline

Registered: 09/25/02
Posts: 239
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:

Gear Freak

#23764 - 01/26/04 08:05 PM Re: Financial Preparedness

Registered: 12/09/02
Posts: 204
Loc: Long Island, New York
That was a great link! It answered alot of questions. Thanks for posting it.

#23765 - 01/27/04 03:00 PM Re: Financial Preparedness

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.


#23766 - 01/28/04 07:13 PM Re: Financial Preparedness
Craig Offline

Registered: 11/13/01
Posts: 1784
Loc: Collegeville, PA, USA
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.

#23767 - 01/28/04 07:55 PM Re: Financial Preparedness
gear_freak Offline

Registered: 09/25/02
Posts: 239
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.
Gear Freak


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