How long should soldiers keep financial records according to Army standards?

The proper duration for soldiers to keep financial records according to Army standards is at least one year. This timeframe ensures that all financial transactions, including leave and earnings statements, travel vouchers, and pay stubs, are accessible for review if needed. Retaining records for a full year helps in safeguarding against discrepancies and facilitates accurate reporting during tax season. It is also consistent with standard best practices for record-keeping, allowing for adequate time to resolve any issues that may arise regarding pay or entitlements.

While options such as retaining records for six months or five years may seem reasonable, they do not align with the Army's specified duration, which focuses on the one-year period as a balanced approach for effective financial management. Additionally, holding onto records only until retirement is not practical for active duty soldiers who might need to reference past documents or resolve financial matters prior to leaving service.