Tip: Everyone should own and use a shredder. Daily shred unwanted mail and solicitations. Monthly shred unnecessary receipts and reconsiled ATM slips. Yearly, after taxes have been filed, shred old utility bills, credit card statements, and pay stubs. For a list of paper retention guidelines email me.
Please note that any guidelines listed are overruled by the advise of your personal CPA and should comply with your personal comfort level for paper retention.