Simply Money: Identity theft happens every two seconds

(FOX19) - Did you know every two seconds another American becomes victim of identity fraud?

Simply Money Financial Advisors offers these tips for identity protection in a world with increasing exposure to security breaches.

-Shred documents containing personal information to minimize exposure to ID theft and fraud.

-Keep bank, credit card statements, and medical bill paperwork for at least one year after payment, in case of disputes or discrepancies. Tax documents should be stored for at least seven years.

Simply Money says the following documents should always be shredded to protect personal information.

  • ATM receipts
  • Bank statements (after one year)
  • Investment, stock and property transactions
  • Employee pay stubs
  • Documents relating to investments
  • Documents containing passwords or PIN numbers
  • Birth certificate copies
  • Canceled and voided checks
  • Credit and charge card bills, carbon copies, summaries and receipts (after one year)
  • Credit reports and histories
  • Driver's licenses or items with a driver's license number
  • Employment records
  • Documents containing maiden name (used by credit card companies for security reasons)
  • Documents containing names, addresses, phone numbers or e-mail addresses
  • Address labels from junk mail and magazines
  • Expired passports and visas
  • Un-laminated identification cards (college IDs, state IDs, employee ID badges, military IDs)
  • Legal documents
  • Items with a signature (leases, contracts, letters)
  • Medical and dental records
  • Papers with a Social Security number
  • Pre-approved credit card applications
  • Receipts with checking account numbers
  • Resumes or curriculum vitae
  • Tax forms (after seven years)
  • Travel itineraries
  • Used airline tickets
  • Utility bills (telephone, gas, electric, water, cable TV, Internet)

And to cut down on clutter, opt for paperless billing. Check online statements regularly for errors and fraud. For more Simply Money tips, visit

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