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Time for Some Financial Spring Cleaning

Mark D. Berghuis, CFP®, AAMS®,
CRPC®
Financial Advisor
Edward Jones
Kenosha

duplicate items that find their way into
the nooks and crannies of our homes,
gathering dust and remaining unused.
Over time, your investment portfolio
can also accumulate redundancies
– that is, you might own several
investments that are essentially similar.
It might be appropriate to replace some
of these and broaden your holdings.

Here are a few ideas for getting your
financial house in order:

• Own your investments
purposefully. You own certain things
for certain reasons – a broom to sweep
the floors, a microwave to heat the food
and so on. As an investor, you should
be following a goal-based strategy
that includes the matching of certain
investments with certain objectives.
For example, you might own stocks
or mutual funds to eventually provide
the capital appreciation potential
you’ll need to retire comfortably. But
you might also own other vehicles,
such as bonds or other fixed-income
investments, to provide you with a
source of regular income.

• “De-clutter” your portfolio. Over
the years, many of us tend to pick up

• “Dust off” your investment
strategy. Over a long winter, your

In just a few days, we will experience
the vernal equinox – one of the two
times in the year when the sun is
exactly above the equator. Apart from
this astronomical anomaly, though,
the equinox is mostly known as the
beginning of spring – a fresh beginning
and the time to spruce things up. This
year, as you tidy up your home and
surroundings, why not also consider
some financial spring cleaning?

windows can get dirty and grimy, so,
when spring arrives, you may want
to get out the glass cleaner – and
when you’re done, you’ll be able to
see out more clearly. Over time, your
investment strategy may get somewhat
“dusty,” too, especially if you’ve
experienced significant changes in
your life, such as a new job, a new child
or even a new plan for retirement. By
periodically reviewing your investment
strategy, you’ll be able to clarify your
vision for the future.
• Protect yourself from hidden
dangers. If you poke around your
garage, shed or other storage area, you
may well find some objects – gardening
tools, paint thinners and engine fluids,
leaning ladders and so on – that
could be dangerous, either because
they aren’t stored properly or they’re
hard to see and can cause trips and
falls. As part of your spring cleaning,
you’d want to get these objects out of
harm’s way to safeguard yourself and
your family. But when you think of
your financial situation, are you also

exposing yourself and your loved ones
to risk? If something were to happen to
you, could your family members stay in
their home? Could your children still go
to college? To help keep their lifestyle
intact if you weren’t around, you’ll need
adequate life insurance. And to avoid
burdening your grown children with
potentially huge expenses should you
ever need some type of long-term care,
such as an extended nursing home
stay, you may want to talk to a financial
advisor about protection strategies.
By taking some spring-cleaning
measures, you can brighten your living
space for the seasons ahead. And by
applying some of the same principles
to your financial environment, you can
help improve the prospects for meeting
your important goals.
This article was written by Edward
Jones for use by your local Edward Jones
Financial Advisor. Edward Jones, Member
SIPC
To schedule an appointment to meet
with Mark, call 262-551-8089 or email:
mark.berghuis@edwardjones.com

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