03/08/2018
How to clean up financial clutter
Financial clutter has a way of piling up, except in this case, it's worth something to sort it out.
Here 's how to take charge and create a fresh financial strategy.
Unless you're Jay Leno, your garage is probably a mess.
From sports equipment to gardening supplies, clutter has a way of filling up the space where a car should be.
The same goes for financial clutter, which is just as easy to lose control of. Except in this case, it's worth something to sort it out.
So if you're ready to roll up your sleeves and clean house — financial or otherwise, here's how:
1. Take a look at your financial plan
Many financial advisors recommend starting here first. At a minimum, the plan should review your retirement, education funding, estate planning, risk management, asset management and emergency fund strategies, according to Lawrence Sprung, president of Mitlin Financial in Hauppauge, New York.
Yet no matter how cohesive, these plans don't function well on cruise control. Revisiting your plan is vital to keeping it viable, including updating your financial status and whom you've designated as beneficiaries of assets such as IRAs.
2. Review old investments — and look for missing money
After the dramatic market run-up and turbulence that followed, there's no better time to rebalance portfolios and reassess risk.
Randy M. Lish has over 17 years of advocating for his Clients in Estate Planning, Medicare & Medicaid and Trust Planning & Asset Protection cases. Based in Provo, he is familiar with the courts throughout all of Utah. Randy has the necessary skills and legal knowledge to help you resolve your legal problem.
If you have any questions call Randy at (801) 235-9400 for a free consultation or visit my website at http://randylishlaw.com to learn more about the services I provide.
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