Page 19 - Southern Exposure - April '25

Southern Exposure, Page 19

finanCial foCuS ®

Time For Some Financial Spring Cleaning

By Sally Sima Stahl, Edward Jones

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

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