As May begins, it’s a great time to reassess your finances. First, evaluate your investment portfolio—rebalance, assess performance, cut high fees, and ensure diversification. Then, explore additional income streams: freelance work, passive income via dividends or REITs, or monetizing a skill. These steps can help you build financial resilience and move closer to your goals.

As spring arrives, April is an ideal month for a financial reset. Two priorities stand out: reviewing your insurance coverage—life, health, auto, homeowners—to ensure it still fits your needs, and making your IRA contributions before the tax filing deadline. Even small adjustments now can pay off, helping protect your assets and build your retirement nest egg with confidence.

The Federal Reserve has decided to hold interest rates steady—for now. With unemployment low, inflation still near target, and concerns about financial stability, the Fed is balancing risks vs reward. While some market players expect cuts, this move highlights the importance of maintaining diversified portfolios and staying ready for whatever monetary policy comes next.