I'm working on clearing out the mountains of paperwork I have been holding. I've been using the Freedom Filer system and it has helped quite a bit but I still have questions. I have a huge pile ready to shred but want to double check before I start shredding.

- investment / retirement statements - I throw out the quarterly statements once I receive the yearly statement. How long should I hold on to the yearly statements?

- bank statements not needed for taxes - I've been keeping all of our bank statements indefinitely. Do I really need them? How many years should I keep?

- credit card statements not needed for taxes - I've been keeping two years on file - isn't really ok to shred the older statements?

- digital copies - any tips on organizing digital copies of paperwork? I'm thinking I'm going to name things using YEARMONTH- CREDIT CARD A
YEARMONTH - DS1 INSURANCE


Have you run across paperwork you've been keeping but recently started ditching? Any items you were pitching that you realized you should be keeping?

TIA!!!