How Long to Keep Financial Documents

I get this question a lot so I am really happy to pass along this link to Sound Money Tips on what to keep, what to trash, and when. Just a couple of notes I want to add.

• Trade Confirmations should be filed with your tax return records when the position is closed. The only reason to keep them after you've closed a position is if the IRS wants to see them so put them where you can find them if they are asked for.

• Brokerage Statements - Keep for one year then shred.
  

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