Jun
25

Shredding Event: Free. Protecting Yourself: Priceless.

June 25, 2010

There is plenty to do in Chicago this weekend, but if you feel like doing something responsible, check out the “Shred It and Forget It” event at the United Center on Saturday.

This free, annual event is open to anyone wanting to shred up to 10 boxes of unwanted personal, financial or confidential documents to protect their identities.

A free home shredder will be given away every 30 minutes.

New this year is an electronics service for those interested in recycling laptops, PCs, servers, monitors, data storage devices, printers, fax/copy machines, cell phones, VCRs, DVD players, video cameras and game consoles, to name a few.

So how long should you hold on to personal information before shredding it? Here are some tips on whether to save or shred:

SAVE

*All tax returns and supporting documentation for seven years. The IRS has three years from your tax-filing date to audit you and six years to challenge a claim.

*Credit card statements for seven years, especially if tax-related expenses appear on your statements.

*Paycheck stubs for one year. Make sure you cross-reference your stubs to your W-2 form.

*Bank statements and canceled checks for at least one year.

*Bills for one year or until the cleared checks have been returned. If you have a receipt for an expensive item, hold onto it for insurance purposes in case it is lost or damaged.

*IRA contributions permanently.

*College financial aid documents for 10 years after loan paid off.

*Home-improvement receipts permanently.

SHRED

*All credit card applications that come in the mail.

*Address labels from junk mail and magazines.

*ATM receipts.

*Charge card receipts.

*Insurance forms.

*Expired credit cards, bank cards, passports, ID cards and passports.

*Used airline tickets.

*Utility bills including telephone, gas, electric, water, cable and Internet.

Over the last year, more than eight million Americans were victims of identity theft. Make sure you shred anything you don’t want to keep that displays your personal information. You can start on Saturday.

What: Shred It and Forget It

When: Saturday, June 26; 9 a.m. to 2 p.m.

Where: United Center Parking Lot E, Chicago

Visit: www.chicagoshreds.com for more information.

Categories: Events, In the City

About The Author

Tracey

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[...] is estimated that more than 10,000 Illinois residents were victims of identity theft last year. To protect your identity, it’s important to not throw away but to destroy unwanted documents that provide your [...]

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