Drowning in a Sea of Paper
Its that time of year. You are getting all those tax forms in the mail: W2, 1099, 1098, 1095, etc. You probably get bank statements, brokerage statements, and bills. Once your taxes are done, you will get copies of your returns to keep. When do you throw it all out? Can you ever throw it out? What financial documents do you need to keep? My dad died in 2013 and not only did I find every bill, bank statement, and tax return from the past 50 years, I also found bank statements from my grandparents. My parents had just packed each year in a supermarket back and thrown it into a large closet. Is there a better way? There sure is!