How long is it necessary to keep:1. income tax returnsI'd keep those permanently. A lifetime of tax returns shouldn't be more than one file drawer or filing box. and supporting documents4 to 7 years, depending on how conservative you want to be with record retention.2. 401k and IRA records4 years should be adequate. Except for records showing any after-tax contributions, which should be held until 4 years after the the accounts are emptied. That might make the records permanent if you never drain your IRA/401k accounts.3. non-tax deferred investment records4 years after the investment is sold. If you give an investment to someone, give them the related purchase record.4. home purchase and sale records 4 years after the home is sold.Others will undoubtedly have differing opinions, which might make sense for your situation.--Peter
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