Page 9 - Palm City Spotlight - April '25

Palm City Spotlight, Page 9

FInanCIal FoCus ®

Time For Some Financial you may need to dust off your investment strategy, especially
if you’ve recently experienced changes in your life, such as
Spring Cleaning a marriage, addition of children, new job, and so on. And as
you move closer to retirement, you may also need to adjust
By Sally Sima Stahl, your strategy in some ways. For one thing, you might want to
Edward Jones adopt a more conservative investment approach in the years
Spring is here – which immediately preceding your retirement, though you’ll still
means it’s once again time to need to have some growth potential in your portfolio to help
wash the windows, organize keep you ahead of inflation.
your cabinets and steam • Protect yourself from financial dangers. As you go
your carpets. This year, in about your household spring cleaning, you may find
addition to tidying up around actual physical dangers that need to be removed or stored
your house, why not also more safely, such as sharp objects or broken tools. And
consider some financial as you navigate daily life, you may also find threats to
spring cleaning? your financial safety – the need for an expensive home
Here are some suggestions improvement, or a major car repair or an unexpectedly
to consider: large medical bill. If you don’t have the money available
• “De-clutter” your investment portfolio. When you to pay these expenses, you might be forced to dip into your
embark on your home cleaning mission, you might notice retirement accounts or run up your credit card or take out
that you have redundancies – three blenders, two vacuum a high-rate loan. To protect yourself from having to make
cleaners, and so on. Similarly, you might find duplications these moves, you may want to maintain an emergency fund
in your investment portfolio, perhaps in the form of multiple, containing several months’ worth of living expenses, with
near-identical stocks or mutual funds. If so, then it might be the money kept in a liquid account, separate from those
worthwhile to consider selling some of these investments you use for your daily living expenses.
and using the proceeds to boost your portfolio in other areas Of course, some of these moves can take some time –
in which you may be lacking. but by getting started on them soon, you can help put your
• Cut back on “overgrown” investments. Now that winter financial house in better shape by the time the next spring
is over and you’re venturing outside more, you may notice cleaning rolls around.
some overgrown shrubbery or some tree branches that need This article was written by Edward Jones for use by
pruning. And while it may sound counterintuitive, you might your local Edward Jones Financial Advisor, Edward Jones,
also have some investments that have grown too big for your Member SIPC.
needs. For example, you might own some growth-oriented Edward Jones is a licensed insurance producer in all states
investments whose value has increased so much that they and Washington, D.C., through Edward D. Jones & Co., L.P.,
now take up a larger percentage of your portfolio – and and in California, New Mexico and Massachusetts through
carry a higher degree of risk – than you originally intended. Edward Jones Insurance Agency of California, L.L.C.;
If that’s the case, you might be better off by selling some of Edward Jones Insurance Agency of New Mexico, L.L.C.; and
these investments and purchasing others to help bring your Edward Jones Insurance Agency of Massachusetts, L.L.C.
investment mix back to its desired alignment. Edward Jones, its employees and financial advisors cannot
• Dust off your investment strategy. With more sunlight provide tax advice. You should consult your qualified tax
now pouring in your house, you might notice that the corners advisor regarding your situation.
of your walls and ceiling may need a good dusting. And as Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
you continually work to strengthen your financial foundation, AAMS™, 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.

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