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List of Paperwork to Keep and the Ones to Shred

It is human nature to want to keep every piece of important paperwork for future use. In order to escape clutter, it is prudent that you only keep the most important ones and get rid of the rest. Clutter is a problem that many people suffer from. The good news is that there re several methods you could use to escape such problems. This article is going to focus on how you could overcome pile of paperwork once and for all. Here is a list of different paperwork you should pop in a safe and others you could shred for the sake of recycling.

It is advised that you keep a copy of anything sate related or federal. Things like marriage licenses, loan documents, house deeds plus much more are some of those documents. Failure to keep copies of such documents, you might end up going through a tough time to get them replaced. Additionally, you will want to access them easily and quickly when the time comes for you to use them. Documents like insurance policies, loan documents, pension plans and much more should be stored away together in a safe and preferably fireproof place.

There are a number of things you also want to keep the latest versions of. It is important to take note often fact that it does not matter whether you have a physical copy of such documents or you scan then store them in a folder on your computer-as long as you have a copy of them with you. For instance, you want ensure that you keep all your tax records just in case you want to start a business, take loan or the tax man needs them.

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You also want to ensure that you keep your bank statements for at least a year. If that is not the case, you want to use a pay stub generator and start now, which is a brilliant idea, as you will never know when you will need to provide proof of your income in future. Failure to do so, you might be highly inconvenienced in the future.

You also want to ensure that you keep every page of your medical records and healthcare bills for not less than twelve months after making payments because you never know when you will find yourself embroiled in a dispute with your insurance providers.

It is also advised that you keep all the latest versions of your annual insurance policy documents, social security statements and your retirement plan too. You are also advised to keep any documents relating to property purchase for about six years after selling. These could come in handy in the future.

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