When confronted with old banking statement, financial records, personal papers, the key to success to shredding. We live in a era of self protection. There are certain guidelines for how long to keep records, and as always I would like to see as much as possible be on the computer and paper free. I tend to keep 2 months of regular bills, ConEd, Water, and store credit cards as long as there are no errors. Anything for taxes go into a special folder for the CPA. Everything else with my name that I receive in the mail I shred so no one could use to assume my ID.
My motto is better to shred that to be re-created.