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How Long Should You Keep Financial Documents

Family Balance Sheet

Keep the quarterly statements for your 401k or other IRA accounts until you receive the annual statement. This will help you avoid possible identity theft. Keep records permanently for nondeductible contributions to an IRA to prove that you already paid taxes on this money when it is time to withdrawal.

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Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

Larry presents Identity theft protection posted at Objective Financial Planner , saying, “As a threat to your financial security, you should take the potential for identity theft very seriously. ” Green Panda presents 2 Great Reasons Why Young People Need Life Insurance Too!

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Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

Bob presents 401k Hardship Distributions: What you need to know posted at ChristianPF , saying, “Hopefully you don’t know what hardship distributions and hopefully you will never need to know. But this is not the same as not “being skilled. We all have skills. Insurance and Risk.

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