Kentucky Lake. In size, no other lake in Kentucky can compare with Kentucky Lake. At 160,309 surface acres, it is the largest man-made lake east of the Mississippi River. Created by the Tennessee Valley Authority in 1944, the lake is a source of navigation, hydroelectric power and flood control.
Length of time to keep, and why: From 45 days to seven years. 1  Keep your original receipts until you get your monthly statement; shred the receipts if the two match up. 2  Keep the statements for seven years if tax-related expenses are documented.
Keep the annual summaries until you retire or close the account. Bank records: Length of time to keep, and why: From one year to permanently. Go through your checks each year and keep those related to your taxes, business expenses, home improvements and mortgage payments. Shred those that have no long-term importance. Brokerage statements: Length of time to keep, and why: Until you sell the securities