Suggestions for Organization of Financial Information - What do I do?
@sarahbeth1977 (384)
United States
December 27, 2006 2:55pm CST
Because of a recent need to prove my identity because of identity theft, I'm having to organize all of my financial information. Up until this point, I haven't really been very organized, but I now see the necessity. Where do you keep your personal documentation (SSN Card, Passport, birth certificate, etc.) and how do you keep it safe? What financial information do you keep and for how long? How do you organize it?
1 response
@OOHCUTE2340 (761)
• United States
10 Jan 07
Wow, I am sorry that you had to experience identity theft, what a hassle. We keep all of our important papers, such as passports, birth certificates etc. in a safety deposit box at our bank, I keep my SS card with me. I am interested in what responses you get for the length of time for retaining financial information, I have been thinking about the same thing (in this organizing mode) recently and my husband has his pay stubs mind you for the last 35 years of employment and about 20 years of banking info. I am sure that we don't need that type of retention. Good luck and I hope that the identity theft thing is over for you :)
@sarahbeth1977 (384)
• United States
13 Jan 07
Thanks for letting me know - I wasn't really sure what to do with the passport and such - how much does it generally cost for a deposit box in the bank? I had never thought about that before.
As far as the retaining information, some of my other friends that I've discussed this with have mentioned something about 5 years - that most companies will purge their files after 5 years...but I didn't even find out I was a victim of identity theft until 5 years later, so I'm not sure I like that answer anymore.
Anyway, THANKS FOR ANSWERING!! I was disappointed when no one responded to this, because it was somethign I really needed help with *grin*. Thanks again!
