Friday, May 23, 2008

Community Shred Day is TOMORROW - Saturday, May 24th!

As I've discussed previously, Midwest Bank is holding a Community Shred Day! And it's TOMORROW - Saturday, May 24th from 9am-12noon!

Midwest Bank
50 N. Main St.
Mt. Prospect, IL 60056

Just show up with all your papers (limit 100 lbs) and they'll be shredded for FREE!

For further information about shredding opportunities elsewhere in the Chicago Area and all over the country, visit

The Fixer, Chicago Sun-Times consumer advocate columnist, recently wrote about what should and should not be shred:

Here's what Steve J. Bernas, president and CEO of the Better Business Bureau of Chicago and Northern Illinois had to say:

• The IRS has three years from your tax-filing date to audit -- and six years to challenge a claim. A good rule of thumb is to keep all tax returns and supporting documentation for seven years.

• Keep credit card statements for seven years if tax-related expenses are documented.

• Keep paycheck stubs for one year. Be sure to cross reference the paycheck stub to the W-2 form.

• Be sure to keep bank statements and canceled checks for at least one year.

• Bills should kept for one year or until the canceled check has been returned. Receipts for big-ticket items should be kept for insurance purposes.

• Home improvement receipts should be kept for six years or permanently.

• Items such as birth certificates, Social Security cards, insurance policies, titles or wills should be kept permanently in a safety deposit box.

• If you are going to dispose of documents with sensitive information, be sure to SHRED, SHRED, SHRED!!!

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