AdviceIQ Articles

  • The Future of Financial Advice

    Financial planning looms in everyone’s life, including yours. Not all money advisors are created equal, though. Does yours do the best job for you – and how can you contribute to making your own plan?

    “Is your advisor asking you, the investor, the right questions? Is the investor asking the right questions of the advisor?” said Jeffrey Vivacqua, senior vice president of business strategy at the Fairfield, Iowa-based broker-dealer Cambridge Investment Research, speaking at a recent advisory panel.

  • Use IRA $$ for Annuities?

    For forever and a day, conventional planning wisdom said don’t use your individual retirement account funds to buy an annuity, primarily because traditional annuities featured tax deferral. Recent changes in annuities may alter this conventional wisdom.

  • The ECB’s Useless Stimulus

    The European Central Bank is trying to stimulate the continent’s sagging economy. Judging by the Federal Reserve’s fruitless efforts to perform such a miracle on the U.S. economy, the ECB is wasting its time.

  • How to Pick Individual Stocks

    Picking single equities seems almost quaint in these days of the mutual fund. Singling out a stock for your portfolio still makes sense, though, if you know how to select smart and you sift carefully through headline deals.

    One caveat remains true: “Stay away from them if you can’t afford to lose the money,” said Daniel Mazzola, an advisor with American Portfolios in Massapequa, N.Y., speaking at a recent investing panel.

  • Should You Invest in Startups?

    Are you looking to get into an exciting startup? Despite all the success stories – Facebook, Twitter, etc. – you should know that rarely does a startup make it and reward you with a lot of money. Investing in pre-initial public offering companies involves too great a risk for individual investors.

  • Investing: Head Vs. Heart

    What’s life without joy, sadness, happiness and sorrow? Emotions enliven and enrich your existence – and, if you let them sway your financial judgment, they can drive your portfolio onto the rocks. How do you avoid letting your feelings determine your investing?

    “Emotions do matter,” said Hugh Massie, chief executive officer of behavioral management advisory firm DNA Behavior in Atlanta. “They get in the way of investors’ success.”

  • Understanding Your 401(k)

    The 401(k), launched almost 30 years ago as a retirement savings alternative for federal civilian employees, now constitutes most working investors’ main nest egg, if not an entire household’s primary asset. Still, investors risk their future with confusion about details of these accounts.

    These vehicles are typically “the place to start with savings,” said Ken Weingarten, president of Weingarten Associates in Lawrenceville, N.J., and speaker at an advisory panel.

  • Talking Money With Honey

    One of the most ticklish situations in a marriage is dealing with money – often because couples don’t talk about it, or if they do, not well. Advisors explored this fraught subject at National Financial Advisor Week.

    “Being compatible romantically does not mean being compatible financially,” said Hilary Hendershott, on a panel of advisors that dug into the issue.

  • Save ‘Enough’ for Retirement

    Your looming retirement can change your idea of just how much money you need to save for your later years. Most important: be realistic and avoid common planning pitfalls.

    “‘What’s money mean to you?’ gives most people pause,” said Eric Hutchinson, president of Hutchinson Financial in Little Rock and Bentonville, Ark., and in Texarkana, Texas, speaking at a recent advisory panel. “Most people [say] they don’t want a whole bunch of money; they want ‘enough.’ They begin to use words like ‘comfort’ and ‘peace of mind.’”

  • College Savings: Before You Go

    Saving for the ever-rising college tuition is tough for most parents. While you focus on funding a 529 savings account, you may forget the most important piece of the planning puzzle: your children.

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