Dust off your finances: A seasonal checkup for building wealth

Spring is the season of fresh starts, and that applies to more than just your home. Just like you declutter your living space, your finances can benefit from a little spring cleaning, too. Taking time to review, organize, and reset your financial plan now can help set you up for success in the months ahead. Here’s where to start:

1. Schedule Your Annual Financial Checkup

Just like a health checkup, an annual review of your finances helps keep everything on track. Meet with your financial advisor to assess your investment strategy, discuss any major life changes, and ensure your plan aligns with your current goals. Markets fluctuate, and your financial situation may have shifted over the past year—now is the time to adjust where needed and stay on course for long-term success.

2. Revisit Your Budget

A lot can change in a year—income, expenses, priorities. Look at your spending and saving habits to see if they still make sense. Are there areas where you can cut back or redirect funds to better align with your goals? A refreshed budget helps you stay in control and make informed financial decisions.

3. Set (or Reset) Your Financial Goals

Maybe you’re planning for a big purchase, working toward retirement, or saving for your child’s education. Whatever your financial priorities, take time to assess where you stand and adjust your strategy if needed. Setting clear, realistic goals gives you a roadmap to follow.

4. Review Key Documents

When was the last time you looked at your will, insurance policies, or beneficiary designations? Life changes—marriages, births, career shifts—can impact these documents. Reviewing them annually ensures they still reflect your wishes and provide the right protection for you and your family.

5. Tidy Up Your Financial Accounts

Consolidating old accounts, updating passwords, and organizing important documents can make managing your finances easier and more secure. A little effort now can prevent headaches later.

Feeling ready to refresh your finances?

Spring is a great time to reset and refocus on what’s important. If you’re unsure where to start or need guidance on any of these steps, our wealth management team is here to help. Let’s make sure your financial plan is working as hard as you are.

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