Colors of the Rainbow and Their Meanings. The rainbow is a beautiful natural phenomenon; knowing the significance of each of the colors of the rainbow makes it even more beautiful. While Nature or God has created this glorious natural phenomenon; philosophers have given a meaning to its colors.
Minimum Length of Time. Keep the records and papers for any settled estate for at least seven years, if an estate tax return was filed. That is the Internal Revenue Service recommendation for any financial transactions. Under IRS rules, that is the end of the statute of limitations for any kind of auditing.
These documents you may touch as often as monthly or weekly: 1  Bank Statements - 1 month. 2  Bills - 1 year for anything tax or warranty related, all other bills should be shred as soon as they have been paid. 3  Credit Card Bills - Shred immediately when paid.  Home Improvement Receipts - Keep until home is sold. Investment Records - 7 years after you've closed the account or sold the security. Leases - Keep until you've moved out and have received your deposit back from the landlord. Paychecks / Pay Stubs - 1 year until you've received your W-2.