How Long to Keep Documents

Document

How Long to Keep It

Bank statements

1 year, unless needed to support tax filings

Birth certificates, marriage licenses, divorce decrees, passports, education records, military service records

Forever

Contracts

Until updated

Credit card records

Until paid, unless needed to support tax filings

Home purchase and improvement records

As long as you own the property

Household inventory

Forever; update as needed

Insurance, life

Forever

Insurance, car, home, etc.

Until you renew the policy

Investment statements

Shred your monthly statements; keep annual statements until you sell the investments

Investment certificates

Until you cash or sell the item

Loan documents

Until you sell the item the loan was for

Real estate deeds

As long as you own the property

Receipts for large purchases

Until you sell or discard the item

Service contracts and warranties

Until you sell or discard the item

Social Security card

Forever

Social Security statement

When you get your new statement online, shred the old one

Tax records

7 years from the filing date

Vehicle titles

Until you sell or dispose of the car

Will

Until updated