Record retention is an important topic though, and one that is often
overlooked and misunderstood. The phrase “record retention” is defined as
the storage of records no longer active. Most people maintain paper files
for much longer than necessary. We all have seen the overstuffed filing
cabinets, the bulging shoe boxes with bank statements and cleared checks,
and the user manuals for the 8-track or VCR that you used to own. One of
the most common questions I receive as a comprehensive financial life
planner <http://www.valuewalk.com/2015/03/financial-planning-guides/> is
“How long should I keep my files before discarding?” This question is
especially common this time of year as we’ve just passed April 15th.

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-- 
Peterk
Dallas, Tx
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"The problems of our economy have occurred not as an outgrowth of
laissez-faire, unbridled competition.
They have occurred under the guidance of federal agencies, and under the
umbrella of federal regulations."
Senator Ted Kennedy, in defending trucking deregulation in 1978.

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