Broker Check
Your Spring Cleaning Financial Check Up

Your Spring Cleaning Financial Check Up

March 13, 2024

As spring approaches, it's the perfect time to conduct a comprehensive review of your financial situation.

 

Adapting to Life's Changes

Reflect on the past year and consider any shifts in your personal, family, or financial life. If changes have occurred, consider taking these steps: 

  • Review your beneficiary designations for accounts like qualified plans, IRAs, and life insurance
  • Examine the ownership structure of your assets, including bank accounts, brokerage accounts, and property.
  • Update essential estate planning documents such as wills, trusts, power of attorney, and guardianship arrangements.
  • Reevaluate your insurance coverage, including life, health, long-term care, and disability insurance.

 

Adjusting Your Goals

Take a moment to assess your financial goals with these questions in mind:

  • Have your long-term savings goals changed, like your retirement income target or retirement date?
  • Are there any adjustments to your intermediate-term savings goals, such as saving for a cozy winter retreat or college education?
  • Has your ability to save changed due to shifts in income or expenses?
  • Have you established new financial goals that need consideration, like saving for a winter adventure?

Preparing for the Unexpected

It's wise to have an emergency fund in place, one that can cover your living expenses for at least three to six months, like the warming sun after a rainy day. It can offer peace of mind during any unexpected financial challenges that may come your way.

 

Integrity Benefit Partners

65 LaSalle Rd, Suite 200, West Hartford, CT 06107 | 860.521.401k | www.integritybenefitpartners.com

This material was created to provide accurate and reliable information on the subjects covered. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation. Integrity Benefit Partners and its affiliates do not provide legal or tax services.

Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, LLC. Member SIPC. Integrity Benefit Partners is not a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies. 1 Marina Park Drive, 16th Floor, Boston, MA 02116. 617-585-4500.CRN202702-5883212.