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Get Rid of Documents You Don't Need!

Do you hold on to every bank statement and paycheck stub?

Good financial records are very important... especially come tax time. But if you keep every snippet of paper forever, you'll need to put an addition onto your house!

You will feel great after you get rid of the paperwork that's cluttering your life!

Before we talk about what you can throw out, let's look at papers you should stash away in your permanent file. Keep the following documents forever:

• Records that relate to your home (mortgage, deeds, capital improvements, etc.)
• Documents showing non-deductible and deductible IRA contributions
• Tax returns and checks used to pay taxes or to substantiate deductions

Next: Grab the Trash Bag!