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From the Northeastern Section of the ACS, focusing on career management and development
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04/12/19
Update on Financial Record-keeping
Filed under: Recent Posts, First Year on Job, Mature professionals, Technicians, Legal matters, Observ. Trends, Undergraduate majors
Posted by: site admin @ 6:13 am

Fidelity Investments highlighted a Kiplinger article suggesting how long to keep hard-copy and/or virtual files of financial records.

See here .
Surprises include:  Keep for 3 years records of spending using withdrawals from health spending and 529 accounts.
                               Keep for 6 years records of self-employed business income and expenses.

       Keep indefinitely records of final tax returns.  (I guess this is where it might be handy to have something like Fidelity Investments, FIDSAFE .) 
                                Keep Home purchase and home improvement documents, taxable account investment documents

One Response to “Update on Financial Record-keeping”

  1. site admin Says:
    May 31st, 2019 at 11:40 am

    Fidelity published a nice item on secure record storing
    in safety deposit (bank)boxes. While I have an in-house
    safe that contains SS cards, birth certificates, deed,
    birth certificates, it reviews what not to store in bank
    boxes. 

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