Iowa Insurance Division Iowa State University Extension Investor Protection Trust


Keeping financial records – how long?

Radio Transcript, 60 seconds, for use during week of Jan. 7.

This is an Invest Wisely minute brought to you by Iowa State University Extension.

Keeping good financial records can save you money on taxes and may also keep you from worrying about finding information when you need it.  But how long do you need to keep everything?

Check your monthly statements from your broker, investment adviser, or mutual fund company. When you receive your year-end summary, you can throw away the monthly statements for that year.

But keep your tax returns indefinitely. And keep all 1099s, state tax refund documents, and other key information used to prepare the returns. This information may help you out in the future.

Invest Wisely comes from Iowa State University Extension through a grant from the Investor Protection Trust providing investor education on the web at



Updated December 31, 2007