KANSAS CITY, Mo. - Call For Action hosts its annual Shred-it event -- where you can pitch those old financial documents in a safe way -- this weekend.
Identity theft continues to be a huge problem. Between 8 a.m. and 11 a.m. Saturday, you can stop by six Commerce Bank locations and drop off up to three boxes or bags of financial records, old tax returns and bank statements.
Shred-it trucks will destroy your documents on site free of charge in a way that protects your personal information.
A big question many consumers have is how long should you keep certain financial records?
- When it comes to tax returns, it is good to keep them for eight years. That includes supporting documents like charitable donation receipts, medical bills and property tax records.
- Credit card receipts should be kept until you get the card statement. You should keep the statement for eight years if it contains tax-related expenses.
- Insurance policies should be kept for the life of the policy.
- Quarterly or monthly retirement and savings plan statements should be kept until the end of the year. Then you should keep the year-end statement for at least one year, or even permanently. You can then shred the quarterly statements.
Here is a list of the six Commerce Bank locations for the Shred-it event on Saturday, April 13.
Prairie Village – 83rd & Mission
Kansas City – 135th & State Line
Lenexa – 87th & Monrovia
Shawnee – Shawnee Mission Pkwy & Monticello
Lee's Summit - 291 Highway & 3rd
Olathe – 159th & Mur-Len