Paperwork to Keep and Paperwork to Shred
People tend to keep every piece of paperwork in their lives even the ones that they could do without. To avoid clutter, you want to try hard and only keep the documents you need. The last thing you want is to lose the most important documents because of too much paperwork around work or office. If you are a victim of clutter, you should worry less because there are ways you could make your wok easier. This article is going to focus on how you could overcome pile of paperwork once and for all. Read on to find out more about the different paperwork you should keep and the ones you should consider shredding.
First it is important that you keep a copy of anything that is federal or state related. Such documents include certificates, licenses, title deeds plus much more. You want to ensure that you have a copy of such document to avoid going through a stressful time trying to replace them. Most importantly, you will be able to easily locate them when the time to use them comes. You also want to consider string documents like insurance policies, pension plan and much more in safe and fire proof places to avoid unnecessary inconveniences.
Second, there are documents you ought to keep the latest versions of. It is therefore important to note that no matter whether you have a physical copy of such documents or you scan them and store in your computer-as long as you have a copy with you, you will be good to go. For instance, you want to ensure that you keep all your tax records and receipts for up to seven years just in case the taxman pays you a visit, you decide to join the business world, intend to buy property or even want to take loan for personal use.
You should also consider keeping you banks 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 not be able to achieve some of your goals when the time comes because there are situations you will have to provide such information.
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. In addition, it is also advised that you keep any document relating to property sale, renovation, improvement job or purchase for approximately six years after selling it. Doing so will make your work easier in the future as you will know more about what to do.
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