Some Nutmeg Wisdom to Spice Up Your Portfolio
Earlier this year, the Connecticut Society of CPAs put forth a common-sense approach to getting financial affairs in order. The seven parts of their pronouncement, in alphabetical order: direct deposit part of your paycheck into some form of savings [2], evaluate (and if necessary, reshuffle) your portfolio [5], get rid of holiday debt (start with highest interest rate) [1], investigate your insurance to see if you have what you really need [3], make contributions to retirement vehicles such as 401[k]s, IRAs or Roth IRAs [4], organize financial planning and make tax planning a year-round consideration [7] and write (or update) a will [6].
Good ideas; many have wide application. Hope you are using at least some of these.
Good ideas; many have wide application. Hope you are using at least some of these.
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