The third annual all-Drake shred event is happening on Thursday, April 20 from 12–3 p.m. in the north end of the Olmsted parking lot. Bring all your confidential documents and have Iron Mountain securely shred them for free!

Not sure what you should keep and what you can shred? Here are some general guidelines on how long you should hold onto those important documents.

• Indefinitely: Tax returns, major financial records such as legal filings and inheritances should be kept indefinitely, as there is no deadline for the IRS to audit a suspected fraudulent return. Real estate records should be kept indefinitely or for at least 6 years after buying or selling a home.
• 3-7 years: Supporting tax documentation such as W2s, 1099s, brokerage, tuition, and charitable records. Depending on how you file, the IRS may ask for supporting documentation for up to seven years after you file a return.
• 1-3 years: Bank and card statements, pay stubs, and retirement plan statements
• 1 year: Utility bills and deposit/withdrawal records (you can even shred these as soon as you verify payment has processed, unless you’re self-employed)

Peter Lundstedt, Information Security Manager