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How Long Should You Keep Financial Documents

Family Balance Sheet

Our personal bank has statements online all the way back to 2006. However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. This final number will help to lower your capital gains tax.

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11 Things I learned After Owning a Vacation Property

Prairie Eco-Thrifter

We purchased a vacation condo in a local resort area in 2006 (yep, right before the crash). My sister-in-law and her husband had one that they used and rented out and indicated that it was doing well. The tax code for second homes used as rental properties is incredibly complex here in the US. An accountant is required.

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Are You Planning For Aging in Place?

Prairie Eco-Thrifter

When we remodeled the master bath in 2006, we added grab bars in the shower, by the toilet and the whirlpool bath. Making sure that refrigerators, stoves, microwaves, cabinets, drawers and counter-tops are reachable, able to be used by some one sitting down and everything is well lit is important. Eating and food preparation.

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