How Long to Keep Tax Records and Other Financial Documents

How Long to Keep Tax Records and Other Financial Documents
How Long to Keep Tax Records and Other Financial Documents

Dear Senior, Is there a rule of thumb on how long someone should keep their old financial paperwork? I have file cabinets full of old receipts, bank and brokerage statements, tax returns and more that I would like to toss.

Recently Retired

Dear Recently, It’s a great question. As we get older and our financial life gets more complicated, it’s difficult to know how long to keep old financial records …