How to get your investments in shape

Published Jan 2, 2018
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Many people use the new year as an opportunity to improve their physical fitness and overall health. But have you thought about your financial fitness?

Getting in shape takes time and dedication. Here are questions to think about as you work toward your important financial goals.

  • Have your debts gained weight? It’s not bad to carry some type of debt – for example, you may be paying a mortgage or car loan. But every dollar that doesn’t go toward a debt payment can be put toward your goals. If you owe money to a high-interest credit card, use the new year to put a plan in place to trim that debt.
     

  • Does your investment mix need a checkup? Investments can behave differently over time, which means your portfolio’s allocation could stray from your initial objectives. By working with your financial advisor to rebalance periodically, if needed, you can help ensure your portfolio is properly allocated to investments that align with your comfort with risk and help you meet your financial goals.
     

  • Are your retirement accounts where you want them to be? Your first step is to decide when you’d like to retire and what you plan to do once you get there. With this information, your financial advisor can partner with you to help you achieve the retirement you want. And if you’re already retired, take another look at your withdrawal rates and how your investments are taxed. You might want to discuss your situation with your financial advisor and tax professional.
     

  • How can you stay on track? Financial fitness isn’t a “one and done” activity – periodic reviews with your financial advisor are a must. You also can review your Edward Jones accounts regularly with our Online Access service.

Your financial advisor can help position you for improved financial fitness this year – and for many years to come. Contact an Edward Jones financial advisor.