Tuesday, October 30, 2018 9:35 am, Posted by Absolute Destruction
Junk mail is a pain – not only because it’s a complete waste of paper and resources – but companies you actually do business with will put your personal information on mail you’re going to immediately toss away. Having to keep a backlog and filing system full of documents and tax forms is also a hassle and can really pile up when multiple family members are involved. It’s important to regularly shred the right documents as well as destroy old electronics and storage devices because all of these contain sensitive data that could be used for identity theft purposes if thrown away, lost, or stolen. But what needs to be destroyed and when? At Absolute Destruction & Recycling Corp., we provide commercial document destruction services in the GTA and beyond, and we’re here to help you with this process. We care about protecting you and your family from identity theft, as well as protecting the environment from e-waste and improperly disposed materials. Lifehacker offers a helpful list of what you need to keep in terms of physical documents. Keep these pieces of paper around, well-protected, forever:
- Birth and death certificates
- Social security cards
- Pension plan documents
- ID cards and passports
- Marriage license
- Business license
- Any insurance policy (good to keep even if they have a digital copy in case problems come up)
- Wills, living wills, and powers of attorney
- Vehicle titles and loan documents
- House deeds and mortgage documents
- Banking is usually done online but any paper records should be kept for at least a year – unless they’re relevant to tax purposes, and then the above applies.
- Same goes for medical records and bills: if you claim medical expenses on your tax return, keep them for longer.
- Documents related to selling your home should also be kept for six years after you sell.
- For any insurance policies, government or private, keep the most recent version of them.