Spring Clean Your Finances with Daniel & Imran Razvi

Tax attorney, Senior Partner and Chief Operating Officer at Higher Ground Financial Group Daniel Razvi joined Good Day DC to share how you can spring clean your finances and prepare for a stronger financial future.

Watch the Full Interview on FOX 5

Razvi explained that SPRING is more than just a season—it’s also an acronym that outlines six key steps to get your financial life in order.

S – Shred

Now is the perfect time to shred outdated personal and financial documents. Old tax returns, bank statements, or files containing sensitive data like your Social Security number should be securely destroyed. Keep at least three years of tax returns in case of an audit, but anything older can typically be tossed.

Don’t forget your digital records—old computers, hard drives, or devices should be wiped clean before disposal to protect your identity and personal information.

P – Protect Your Estate from Probate

Razvi emphasized the importance of ensuring that any property you wish to pass on to your children is properly titled within a trust. Having only a will often means your estate will go through probate, which can be a lengthy and confusing process for your loved ones. A well-structured trust helps streamline the inheritance process and protects your assets for future generations.

R – Rebalance Your Portfolio

Market conditions change, and so should your investment allocations. If you’re holding excess cash during a market downturn, consider whether it’s time to reinvest strategically—or vice versa. Rebalancing helps you stay aligned with your long-term goals and risk tolerance.

I – Invest If You Haven’t Started

If you haven’t begun investing yet, there’s no better time than now. Even small contributions can grow significantly over time. Start where you can, and as you gain confidence, refine your strategy and expand your investments.

N – News Knowledge

Stay informed about economic and financial news. Tax law changes, interest rate movements, and market trends can all affect your bottom line. A little awareness goes a long way in helping you make smart financial decisions.

G – Go Over Your Retirement Plan

Finally, take time to review your retirement plan. Razvi highlights three major “retirement killers”: risk, fees, and taxes. Reducing exposure to each of these can help ensure your savings last through your retirement years.

Daniel Razvi’s insights align closely with the mission of Imran Razvi and the Higher Ground Financial Group team—to help individuals and families make informed, strategic decisions that lead to long-term financial health and peace of mind.

About Higher Ground Financial Group

Higher Ground Financial Group is a family-owned business that exists to help clients nationwide achieve their financial goals. Like family, Daniel and Imran Razvi rely on each other’s strengths, and, in turn, rely on each other’s collective talents to support you. Whatever your financial concern or challenge - when your family calls, our family and experienced associates will answer!

To learn more about how to safeguard your wealth and plan for your financial future, contact Daniel Razvi and Imran Razvi at Higher Ground Financial Group for personalized guidance.