We are looking to free up some storage space in our building and want to shred some closed accounts, specifically closed HSA and IRA files. What are the record retention policies for closed IRA and HSA accounts? We scan all documents and keep the electronic image indefinitely, so I am assuming we are okay to destroy the physical documents. But, I also don't want to get in trouble down the road for not having the physical documents. What is everyone's policy/thoughts on this?
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