Spring Clean Your Finances

A Seasonal Wealth Check-Up

Spring in Naples is more than just a change in the weather—it’s an opportunity to reset. You clear out the garage, refresh your home, and maybe even rethink some old habits. But when was the last time you gave your finances the same attention?

Wealth brings complexity, and without regular maintenance, things can get cluttered. A financial spring cleaning helps you stay on track, ensuring your money is always working for you. Here are five essential areas to check-up on:

Are your investments aligned with your wealth plan?

Portfolios drift. Markets shift. What worked five years ago may not fit your life today. Maybe a strong market has increased your exposure to riskier assets, or you’re holding onto investments out of habit rather than strategy. Now’s the time to recalibrate.

Your wealth plan should drive your investment decisions, not the other way around. Every dollar should have a purpose—whether that’s growth, income, or liquidity. Make sure your portfolio reflects your risk tolerance and long-term objectives, so you're not taking on more risk than necessary.

Is your estate plan up to date?

A well-structured estate plan isn’t just about documents—it’s about control, clarity, and confidence. Review your will, trust, and power of attorney to ensure they reflect your current wishes. Organize key details like life insurance policies, account access, and a list of assets so your family isn’t left searching when it matters most.

And don’t keep your intentions a secret. The best estate plans aren’t just written—they’re communicated. Thoughtful conversations today can prevent confusion tomorrow.

Is your tax strategy working for you?

A strong investment strategy is great, but if you’re not managing taxes wisely, you could be leaving money on the table. If too much of your wealth is in tax-deferred accounts, future withdrawals could trigger a hefty tax bill.

A mix of taxable, tax-deferred, and tax-free accounts gives you flexibility. And strategies like charitable giving, trust planning, and tax-loss harvesting can help keep more of your wealth working for you.

Have you considered annual gifting to reduce your taxable estate?

If estate taxes are a concern, annual gifting can be a smart way to reduce the size of your taxable estate while benefiting your loved ones. The IRS allows tax-free gifts up to a certain amount per recipient each year, which can be a strategic way to transfer wealth efficiently over time. Structuring these gifts intentionally—whether to family members, trusts, or charities—can help minimize estate tax exposure while keeping your broader wealth plan intact.

Are you meeting with your financial advisor regularly?

Even the best financial strategies need regular check-ins. Markets shift, tax laws change, and life moves fast. A trusted advisor can help you fine-tune your strategy, avoid costly missteps, and ensure your wealth is positioned for the future you want.

The Bottom Line

Wealth isn’t just about accumulation—it’s about alignment. A financial spring cleaning isn’t busywork, it’s an opportunity to ensure every part of your financial life supports your bigger vision. Clear the clutter, refine your strategy, and move forward with confidence.

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Wells Fargo Advisors Financial Network does not provide legal or tax advice.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Edwards Asset Management is a separate entity from WFAFN.

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Rob Edwards

Managing Director

Senior PIM® Portfolio Manager

RobEdwardsWealth.com

Hey, I’m Rob Edwards. Thanks for reading this month’s column.

As a nationally recognized advisor, I have one goal: To help clients make more thoughtful and intentional money decisions so that they can enjoy the best version of their life.

In working with high-net-worth families, I know that with more money and prosperity comes complexity and the potential for making mistakes.

So, whether you’re asking questions about saving for retirement, transitioning your business, or how your money can make the greatest impact, my team and I are here to help.