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How long should we Fools hang onto statements from our financial institutions? Six months, a year, more?

At least until the statute of limitations expires on the tax year in question.

Most of the time this is three years from the due date of the return; IE - 1999 return filed 4-15-00 = a throwaway date of 4-15-03.

I generally recommend the current year plus 4 years prior.

This way you are purging the fifth year each spring.

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