Let ‘er rip! Protect yourself by shredding these documents - Spokane, North Idaho News & Weather KHQ.com

SPONSORED CONTENT

Let ‘er rip! Protect yourself by shredding these documents (sponsored)

Updated:
  • Also on KHQ.comMore>>

  • Local Biz Buzz

    Local Biz Buzz

    Promoting local business in Eastern Washington and North Idaho. Catch the buzz!
    >>
    Promoting local business in Eastern Washington and North Idaho. Catch the buzz!
    >>

Any victim of identity theft, fire, or flood will be glad for the time taken in advance to file and store critical records. And, if you’ve ever had to settle the estate of a friend or loved one, you’ll be relieved if you find official records in one, organized location.

Experts say that most Americans handle over 700 pounds of paper every year. Most of these documents can be touched once, and then recycled. Yet we all have some valuable identification records, financial statements, contracts or receipts that we ought to file and store in a safe place for easy retrieval later on.

Here’s a quick guide to evaluate what records you should keep — and for how long — when sorting through the growing amount of paperwork arriving each year.

One year or less

Most of these records can be safely shredded after just one year or less:

  • Pay stubs and bank statements.
  • Annually updated Social Security statements.
  • Annual insurance policy statements.
  • Annual retirement plan statements (401(k), 529, IRA, etc.).
  • Bank deposit and ATM receipts until reconciled with your monthly statements.
  • Credit card bills and statements. Longer if needed as proof of a charitable contribution or product warranty.
  • Utility bills.

Three years

Keep thank-you letters from charities and year-end investment statements, in case of IRS audit.

Six years

Keep documents showing home sale, purchase, or expenses for improvements for six years after you sell your home.

Seven years

Keep state and federal tax records and receipts for seven years, saving a copy of your 1040 tax return forever.

What to keep

So what documents should you keep only until they’re sold or updated, and what should you never shred? Get the full list at http://bit.ly/1Tu8Yyf

Shred it, free!

STCU’s next free shred day will be held April 29 in North Spokane, Coeur d’Alene, and Liberty Lake. Get the details at http://bit.ly/Shred17

  • Most Popular StoriesMost Popular StoriesMore>>

  • Felon arrested after bragging to Moses Lake police on Facebook

    Felon arrested after bragging to Moses Lake police on Facebook

    Saturday, May 19 2018 5:19 PM EDT2018-05-19 21:19:17 GMT

    MOSES LAKE, Wash. - Here's a tip: If you're on the run from police, don't brag about getting away on their Facebook page. That's what 19-year-old Kayla Irizzary did before she was taken into custody early Saturday morning by Moses Lake Police. Officers say they first contacted the woman during a traffic stop last week. She was a passenger in the stopped car.

    >>

    MOSES LAKE, Wash. - Here's a tip: If you're on the run from police, don't brag about getting away on their Facebook page. That's what 19-year-old Kayla Irizzary did before she was taken into custody early Saturday morning by Moses Lake Police. Officers say they first contacted the woman during a traffic stop last week. She was a passenger in the stopped car.

    >>
  • 80th annual Spokane Lilac Festival Armed Forces Torchlight Parade draws crowd

    80th annual Spokane Lilac Festival Armed Forces Torchlight Parade draws crowd

    Sunday, May 20 2018 10:30 AM EDT2018-05-20 14:30:08 GMT

    SPOKANE, Wash. - For the 80th year, the Lilac Festival is hosting the largest Torchlight Military Parade in the nation. The streets of downtown Spokane will be filled with bands, floats military and equestrian groups, drill teams and dancers, cars and more.

    >>

    SPOKANE, Wash. - For the 80th year, the Lilac Festival is hosting the largest Torchlight Military Parade in the nation. The streets of downtown Spokane will be filled with bands, floats military and equestrian groups, drill teams and dancers, cars and more.

    >>
  • Woman in smiling mugshot faces manslaughter in DUI crash

    Woman in smiling mugshot faces manslaughter in DUI crash

    Monday, May 21 2018 12:32 PM EDT2018-05-21 16:32:03 GMT

    OCALA, Fla. - A Florida woman who flashed a big grin in a mugshot following a car crash and DUI arrest now faces a new charge and prison time after a crash victim died. News outlets report 44-year-old Angenette Marie Welk didn't smile when a new mugshot was taken Saturday at the Marion County Jail in Ocala. 

    >>

    OCALA, Fla. - A Florida woman who flashed a big grin in a mugshot following a car crash and DUI arrest now faces a new charge and prison time after a crash victim died. News outlets report 44-year-old Angenette Marie Welk didn't smile when a new mugshot was taken Saturday at the Marion County Jail in Ocala. 

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Scientists to continue search for Loch Ness Monster using eDNA

    Scientists to continue search for Loch Ness Monster using eDNA

    Wednesday, May 23 2018 10:31 AM EDT2018-05-23 14:31:42 GMT

    LONDON - The search for Nessie continues.  A global team of scientists plan to search the icy depths of Loch Ness next month using environmental DNA in an experiment to discover if Scotland's famous monster really does, or did, exist. eDNA sampling is already used by scientists to monitor marine life, such as sharks and whales. When an animal moves through its environment, it leaves behind tiny fragments of DNA. 

    >>

    LONDON - The search for Nessie continues.  A global team of scientists plan to search the icy depths of Loch Ness next month using environmental DNA in an experiment to discover if Scotland's famous monster really does, or did, exist. eDNA sampling is already used by scientists to monitor marine life, such as sharks and whales. When an animal moves through its environment, it leaves behind tiny fragments of DNA. 

    >>
  • Man sentenced for Space Needle drone crash

    Man sentenced for Space Needle drone crash

    Wednesday, May 23 2018 10:15 AM EDT2018-05-23 14:15:51 GMT

    SEATTLE - A Washington state man has pleaded guilty to reckless endangerment after crashing his drone into the roof of Seattle's Space Needle in 2016.  KOMO-TV reports Cole Kelly received a suspended jail sentence of 364 days after entering his guilty plea in Seattle Municipal Court on Tuesday.  

    >>

    SEATTLE - A Washington state man has pleaded guilty to reckless endangerment after crashing his drone into the roof of Seattle's Space Needle in 2016.  KOMO-TV reports Cole Kelly received a suspended jail sentence of 364 days after entering his guilty plea in Seattle Municipal Court on Tuesday.  

    >>
  • City looks for answers after zombie alert sent to residents

    City looks for answers after zombie alert sent to residents

    Wednesday, May 23 2018 9:34 AM EDT2018-05-23 13:34:10 GMT

    LAKE WORTH, Fla. - Officials say they still don't know who sent a "zombie alert" to residents of a Florida city following a power outage.    Lake Worth spokesman Ben Kerr says an independent investigation is underway to determine who was behind the message sent to some 7,880 customers during a 27-minute power outage Sunday. 

    >>

    LAKE WORTH, Fla. - Officials say they still don't know who sent a "zombie alert" to residents of a Florida city following a power outage.    Lake Worth spokesman Ben Kerr says an independent investigation is underway to determine who was behind the message sent to some 7,880 customers during a 27-minute power outage Sunday. 

    >>