Princeton Senior Resource Center - the go to place for seniors
Join
Donate

« August 2017 »
S M T W T F S
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
3 4 5 6 7 8 9
Click on Month for full Calendar view
Newsletter Download

Director's Message

Spring Cleaning April 2008

Director’s Message – April 2008: Spring Cleaning
 
As the weather warms, it seems we intuitively start thinking about spring cleaning. It seems that we often get stuck when it comes to those boxes of “important papers” that are piled in the back of the closet or attic. One reason is that we are not sure what to keep, and another is the tedium of feeding documents into a shredder a few sheets at a time.
 
PSRC and PNC Bank offer you a solution through a Senior Shredding Day on May 6. PNC has arranged for a shredding truck to be at the Suzanne Patterson Building from 9-11 am. The truck can shred soft bound documents and piles of paper at once. No need to remove staples! We will also collect eyeglasses, hearing aides and cell phones for recycling. Bring along your McCaffrey receipts for PSRC too!
 
Below we offer a document retention guide to help you sort. Various sources give differing guidelines, but the generally accepted standard is 7 years. The IRS can audit you for 3 years after you file a return.  If you scan these and keep them electronically, make sure you maintain updates so they are readable! 
 
Accident Reports (settled cases)
7 years
Auto title, registration, repair
As long as own vehicle
Bank account opening statement
As long as own the account
Bank Statements
7 years, esp. if you don’t get cancelled checks
Cancelled checks
7 years
Certificates of Deposit, IRA
Until cashed in
Credit card receipts/statements
Until statement checked, 3 years if tax-related
Dividend payment record
Until annual statement received, then keep annual statement
Income Tax Return + attachments
Permanently, also payment record
Insurance policies: auto, home, liability, personal property
As long as you own insured item
Keep expired policies 3 yrs or longer if include schedules of valuables
Insurance policies: disability, health, life, umbrella, home
As long as statute of limitations is in effect – in case of delayed claim. Home-10 yrs.
Investments: purchase records
-sale records
As long as you own, then keep with sale record -7 years after sale for tax record
Lease or loan agreements
 -Loan payment book
7 years after last payment
-Until last payment made
Legal documents: birth  + death certificate, marriage, divorce, will, social security, estate plan, etc
Forever in safe deposit or fire proof box
Copy of Advance Directive, Power of Attorney where family can access
Medical records
- bills
Maintain copy of important records, tests
- 5 yrs, 7 if tax-related
Mortgage, deed, lease
-Mortgage and loan discharges
Store in safe deposit/fireproof box
-7 years after discharge
Patents, Trademarks, Copyrights, Registrations
Forever in safe deposit /fireproof box
Pay stubs
Until reconciled with W-2 at end of year
Real estate improvement records
Until property sold, then 7 years if tax related
Retirement & Pension
Forever
Sales receipts
As long as store will accept return/length of warranty. Valuable: as long as own for value.
Tax records – returns and records
(bank statements, cancelled checks, W-2, 1099, deposit slips, contracts, charitable contributions, credit card statements, medical bills, pension plan records)
Returns and attachments – Forever
Other documentation – 7 years
Utility Bills
Initial, current, 7 yrs if tax deductible
Warranties + Instructions
As long as own item, staple to receipt
 
Happy Sorting!
 
Susan W. Hoskins LCSW
 
 

Previous Messages

Preferred Caregivers: Daughters

Cues & Clues

Recharging

GrandPals Celebrate 20 Years!

Multi-generational Households

No One Ages Well Alone

Help at Home

Gratitude

November 2016 Family Caregiving

October 2016 Annual Report

September 2016 Corporate Healthcare

Strategic Planning

Is Your Home Age- Friendly?

May 2016 Director's Message Part 2 - We Need Your Help

May 2016 - Part 1 - Going Solo

April 2016 - Volunteering

March 2016 - Partners In Caring

February 2016 - PSRC's Strategic Plan

January 2016 - Hope

December 2015 - Gratitude

November 2015 - Helicopter Children

October 2015 - Is Princeton An Age Friendly Community?

September 2015 - Annual Report

July & August 2015 - Family and Community

June 2015 - A Gift that Keeps Giving

May 2015 60 Is the New 60

April 2015 - Spring

March 2015 - Being Mortal

February 2015 - Mentoring

January 2015 - Winter Blues

December 2014 - Leaving A Legacy

October 2014 An Age Friendly Future

September 2014 Annual Report

July - August 2014

June 2014 - Romance After 50

May 2014 - Your Virtual Estate

April 2014 - Memory and Forgetting

March 2014 - Aging in Community

Observational Stay

February 2014 - Family Caregiving

January 2014 - Attitudes about Aging

December 2013 - Giving

November 2013 - Healthcare Marketplace

October 2013 - Annual Report 2013

September 2013 - Total Brain Health® Fair

July - August 2013 My cat, My Father and Me

June 2013 - Age Friendly Communities

May 2013 - Navigating a Changing HealthCare Landscape

April 2013 - Becoming Visible

March 2013 - Navigating Life’s Transitions

February 2013 - Partners in Caring Princeton

January 2013 - Men as Caregivers

December 2012 - The Safety Net

November 2012 - Going Solo

October 2012 - Documenting Your History

September 2012 - A Journey of Transformation

July - August 2012 - Gratitude & Moving

June 2012 - Diversity

May 2012- Aging in America

APRIL 2012 - TEN YEARS

March 2012 - Patient-centered Care

February 2012 - Can you Spare an Hour?

January 2012 - Challenges & Opportunities

December - Are you Prepared for Emergencies?

November - We need YOU!

October - Chocolate for Memory

September- Looking Back and Looking Forward

July - August 2011; Ageism

June 2011 - Accessibility

May 2011 - Paper retention

Knit Wits, April 2011

Lessons and Legacies, March 2011

Independent Living February 2011

Home Safety January 2011

Witness to my Life December 2010

Elections, benefits and open enrollment November 2010

Retire in 3D!

Strategic Planning September 2010

Am I Old? July 2010

Memory Clutter June 2010

Aging In America May 2010

Volunteering April 2010

Spirituality March 2010

Estate Planning February 2010

Encore Careers January 2010

Hiring Home Care December 2009

Annual Giving by Sharon Naeole November 2009

Flu Pandemic 2009 October 2009

Healthy Memory, Healthy Mind September 2009

A Personal Perspective on Caregiving July/August 2009

TRANSPORTATION May 2009

Wei Ji: Crisis, Danger and Opportunity April 2009

Write your own obituary March 2009

Hobbies February 2009

Hope and Vision in Challenging Times
January 2009

Medicare Changes 2008: Take A Look! December 2008

Scams, Frauds and Rip-offs November 2008

Engaged Retirement: Beyond Financial Planning October 2008

September 2008 Caregiver Dilemmas

Finding Rhythm and Purpose July/August 2008

Spring Cleaning II June 2008

V + OA = ER (Volunteering + Older Americans=Engaged Retirement)May 2008

Spring Cleaning April 2008

Have You Had the Talk Yet? March 2008

Get Moving with FitRhythms™! February 2008

My Condolences January 2008

Advocacy December 2007

What Are Social Services? November 2007

Sensitive Topics October 2007

Plan for the Future September 2007

The Up-side of Aging Summer 2007

Volunteering June 2007

Strategic Plan May 2007

National Conference on Aging: Let's ReThink Aging April 2007

Brain Health March 2007

Resiliency February 2007

Transportation January 2007

Season of Giving December 2006

Medicare Part D November 2006

April Hill McElroy October 2006

Civic Engagement September 2006

Change June 2006

White House Conference on Aging May 2006

Hearing Loss April 2006

GrandPals March 2006

Lets Talk February 2006

Eldertopia January 2006

Hoarding December 2005

Annual Report: November 2005

Are You Prepared? October 2005

Planning Ahead October 2005

Watch Your Language September 2005

Medicare Part D Summer 2005

Sue Tillett June 2005

The End of the Journey May 2005

Clutter March 2005

New Dietary Guidelines February 2005

Transitions January 2005

Funding December 2004

Caregiving November 2004

Civic Engagement with GrandPals October 2004

A New Look September 2004

Safe Driving Summer 2004

Food Safety June 2004

Communication June 2004

The Challenge of Giving Care May 2004

Seniors On The Move April 2004

Depression March 2004

McGreevey February 2004

Medications January 2004

Random Acts of Kindness December 2003

Civic Engagement November 2003

Reverse Mortgages Oct 2003

Emergency Preparedness, Jan 2003


© Princeton Senior Resource Center
45 Stockton Street, Princeton, NJ 08540
Suzanne Patterson Building 609-924-7108
Spruce Circle 609-252-2362
Contact:
Hours:
Suzanne Patterson Building 9AM-5:00PM
Spruce Circle 10:00AM-4:00PM,
Every Weekday Unless Otherwise Noted