Spring Cleaning for Your Finances

Most people are familiar with the concept of spring cleaning as it applies to a home, but what about for a bank account?

Drew Kanaly,  Chairman and CEO of Kanaly Trust provides suggestions on how to tidy up your finances on FOX 26 Morning News.

If your investment portfolio has over 50 percent dedicated to stocks, Kanaly recommends that the contribution be reduced to 30 percent. This practice can help people put an end to their debt.

Kanaly says if you have already have an investment portfolio with less than 30 percent in stocks, look for dips in the market to increase your percentage.

If you are invested in long-term bonds, Kanaly recommends you convert them to shorter-term bonds.

Kanaly also recommends putting together an inflation hedge for up to 10 percent of your portfolio.