Monday, March 21, 2011

This is NOT the time to Buy and Hold - Spring Cleaning

Who’s the first Irishman you see in springtime? 
Patio Furniture. 

Yeah – corny, right? 

Goodbye winter of 2011- hello Spring.

Spring is always a good time to take stock of what we need, and what we don’t.

We can hope for a traditional strong spring real estate market, but I don’t think we’ll see one. Still too much unemployment and only 50,000 “Gen X-ers” to buy 83 million Boomer houses, among other things... 

Perhaps it is a good time for getting rid of those collectibles you’re just not into anymore. I hear E-bay is booming. There are also probably a lot of families going through some tough times who could use “like-new” clothing, shoes, boots and next year’s winter coats. Little league and soccer is revving up-got any equipment crowding your garage and closets?

Spring is also a great time to do a checkup on your financial situation. Organize your records, discard unnecessary paperwork and old statements.

Do you have the stomach for another rocky ride with your investments? I think we’ll see a pullback very soon. Don’t wait too long before you talk to your trusted advisor for their take on things.

Spring is a wonderful time to remember those we love and make sure they will be taken care of if you’re not here. Update those wills you had done 20 years ago. The language may be insufficient to carry out your wishes today! Perhaps you need more than a will-such as a trust. Speak to an experienced estate planning attorney about what’s best for your personal situation. Be sure to have Durable Powers of Attorney and Medical Directives in place-no one plans on getting sick or hurt. This simple act will make it so much easier for your loved ones to step in and act on your behalf. Do it now!

So spring shape-up time my friends. Time to get the “house” in order.

Carpe Diem!

Kathy

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