What to Shred and What to Keep

Identity theft and other breaches of security have many people driving themselves crazy wondering what should destroyed and what should be kept. As a business owner, document destruction is imperative to the protection and security of a company’s most sensitive data and information as well as their employee’s most sensitive data and information. As an individual, understanding what of your personal records, old bills, tax information, etc. should be shredded versus kept can become confusing. As more and more reports of identity theft surface, people have become far more inclined to destroy any and all documents without really thinking about it first. Understanding the ins and outs of shredding is imperative for both individuals and business owners. Let’s take a look at the various items that should be destroyed and the various items that should be kept on file.

What to shred:

  • ATM receipts
  • Bank statements
  • Canceled checks
  • Canceled credit cards
  • Convenience checks
  • Credit card offers
  • Old identification cards
  • Pay stubs

What to keep:

  • Annual retirement plans
  • Banking information
  • Brokerage account information
  • Divorce documents
  • Estate documents
  • Filed tax returns (returns that do not necessitate supplementary payment for 3 years)
  • Monthly credit card statements

Understanding what to shred versus what to keep will save you from the hassle of looking for old documents that you meant to keep, all while keeping your most important information safe and secure. Document destruction can be tricky business if you do not take the time to learn the facts. When in doubt, contact a document destruction professional to ask questions.

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