By now, almost everybody knows that the right thing to do is to shred financial documents that are no longer needed. Simply tossing them into the trash simply is not enough.
Now you can protect your privacy thanks to Meridian Trust's Free Shredding Service.
Meridian Trust cares about you and your privacy. We want to help you protect your identity.
One of the benefits of being a member of Meridian Trust is that you can bring in up to 25 pounds of confidential, personal documents to either of our Cheyenne locations anytime during normal business hours for free document shredding.
So what should you shred? Here's a list of items to consider destroying:
- Credit union statements
- Credit card statements
- Monthly bills
- Cancelled checks
- Blank checks
- Investment information
- Financial statements
- Medical records
- Income tax records
- Credit reports
- Credit card offers
Really, anything you wouldn't feel comfortable having someone pick up and read, you should shred.
Criminals need very little information to steal your identity. Once your financial information hits the trash, your identity is floating among the refuse, just waiting to be stolen. Shredding is a minimal inconvenience and a free service provided by Meridian Trust compared to its alternative, the costly, time-consuming and worrisome process associated with becoming an identity theft victim.
How long should you keep documents? It's entirely up to you whether you choose to be a pack rat or a tosser, but here are some general guidelines for you:
- Keep any tax-related records for seven years
- Keep records of IRA contributions permanently
- Keep quarterly retirement/savings plan statements until you receive an annual statement. If the numbers match, shred the quarterlies and keep the annual summaries permanently.
- Shred unimportant credit union records after one year; keep the rest permanently
- Keep brokerage statements until you sell the securities
- Most of the time you can shred bills once you get a cancelled check. Keep bills for big items permanently.
- Keep credit card receipts to reconcile with your statements, then keep the statements for seven years
- Paycheck stubs should be kept until you receive your end-of-year tax statements
- Keep house records permanently