The Shred Party
What should you get rid of and hold on to? When and why?
If a shred party happens to spring up in your area, you may want to mark your calendar. If you've never been to one, a shred party is where a business or organization provides a fun and easy way for clients, or the public, to rid themselves of paper clutter in one of those giant paper shredder trucks.
And I just happen to know where a Shred Party is happening this weekend.
On Saturday, April 17th from 9-11am, Associated is hosting a FREE SHREDDING EVENT to benefit the Dolphins Challenge Cancer movement.
We’ll have a massive shredding truck from our partners at DocuGreen just steps from Fort Lauderdale Beach (619 Breakers Ave, Ft Lauderdale, 33304). Check out the flyer (Shredding Event) for details. Shredding Event
We’ll be supporting Associated’s recently named partner and advisor, Shawn Wooden, who happened to play for the Miami Dolphins for nearly a decade and is cycling for the cause in support of Sylvester Comprehensive Cancer Center at UM.
Everyone in attendance will receive a raffle ticket for a chance to win a football autographed by a Miami Dolphins legend. You can also donate to the cause here (100% of donations goes directly to Sylvester Comprehensive Cancer Center and are tax deductible): https://dolphins.donordrive.com/index.cfm?fuseaction=donorDrive.participant&participantID=21625
Protection from identity theft. Of course, this is not just about clutter: old bills and financial documents are just the sorts of things that scammers and identity thieves want to get their hands on. The only way to be totally certain that you are safe is the total destruction of those documents once their practical use has come to an end.
What do you bring? The better question may be: when is it wise to let go of the documents that you’ve been storing? It’s important to be sure because they certainly aren’t something you can get back from the shredder once they’re gone!
A recent article from I.R.S. suggests the following guidelines:1
*For your tax returns, hold on to those for up to seven years.
*Purchase and sale statements for your house, for your entire ownership of the house.
*Utility bills, at least one year.
*Statements from your investment or brokerage account, at least one year.
*Purchase and sales confirmations related to your investment or brokerage account, at least one year.
*Statements from your bank account, at least one year.
*Statements from your credit card provider, at least one year.
It’s important to remember, also, that the above represents a general guideline; different sources offer different suggestions. The I.R.S. acknowledges that, in some cases, it’s okay to shred your tax returns after three years. Your financial professional may have a different prescription for you, however, based on their close understanding of your financial life.
Luana Mobley Corral, CFP®, CFS™, CLTC™, BFA™ may be reached at 954-302-6321 or firstname.lastname@example.org.
Securities offered through Securities America, Inc., Member FINRA/SIPC and Advisory services offered through Securities America Advisors, Inc. and Associated Investor Services, Inc., Luana Mobley Corral, Representative. Insurance products offered through Associated Financial Consultants, Inc. Pre-divorce planning offered through Crossroads Consulting of South Florida, Inc. Crossroads Consulting, Associated Financial Consultants & Investor Services, and Securities America are separate entities.
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.
1 - IRS.gov, September 29, 2020