Have you ever pondered the duration for which you should retain your bank statements? It’s a conundrum that many face. As life progresses, we accumulate a plethora of financial documents. Yet, how do we discern which ones warrant a permanent home in our filing cabinets? Is there an optimal timeframe—perhaps three years, five years, or even longer—during which keeping these statements is prudent? And with the advent of digital banking, does this change the equation? What if your statements hold vital information for tax purposes or potential disputes? One might wonder how frequently one should review this stash of paper or electronic records. Are there best practices that financial experts recommend? And in this age of technology, how should one go about securely disposing of statements that are no longer necessary? The nuances of financial record-keeping can indeed be perplexing. What considerations should you take into account when making this important decision?