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iQuestions Faculty, Ron Blue 
 
 
Question: 
 
How long should I keep my financial records? 
 
Answer: 
 
From a tax standpoint, you should keep your financial records at least 
three years. All of those things that are routine, you should keep for at 
least three years.  
 
As far as the copies of your old tax returns, I would say, keep them 
indefinitely. And as far as copies of major transactions, such as the 
purchase or sale of a home, you should keep indefinitely. You should 
keep all your investment records indefinitely, because you may have 
to justify capital gains or capital losses.  
 
Generally speaking, there are two rules. Number one, at least three 
years. [Number two,] but it’s better to be safe than sorry. 
 
 
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