AdviceIQ Articles

  • Nothing in Your Nest Egg?

    Afraid you don’t save enough for retirement? You’re far from alone. But what does such a future look like for you? Is it possible to play catch up?

    The latest Country Financial retirement Financial Security Index shows that one in four Americans across all age groups saves nothing at all for retirement. A slim majority of respondents (55%) either don’t participate in a workplace-sponsored retirement plan like a 401(k) or don’t even know if they are in a plan.

  • Anatomy of Low Interest Rates

    Interest rates, against all predictions, are still low. Given the dynamics of U.S. and international economics, they likely will stay that way for a while. Here’s why.

    When the fixed-income benchmark yield on 10-year Treasury notes jumped to 3% at the end of 2013, forecasters postulated that interest rates would continue to rise. Since bond values move inversely to bond yields, conventional wisdom indicated an exit from bonds and bond funds.

  • 4 Uses of an Advisor

    What is the value of a financial advisor? The personal touch. Here are four stories of how flesh-and-blood advisors you meet in person (that’s opposed to a robo-advisor, where your contact is digital or over a phone line) benefited their clients.

    These good advisors helped clients to overcome emotionally based decisions, stop them from making mistakes, figure out whether to make a big purchase and decipher arcane retirement plans. We’ll have separate articles throughout the summer describing in greater detail how they helped their clients.

  • Advisors: Trust but Verify

    You can never be too careful with the major matters of life – especially your financial future. Take a lesson in caution from a former U.S. president and the heavily armed guards at the gates of a military facility. Trust but verify your financial advisor’s bona fides.

    I have the honor to provide financial counseling to service members, going to military installations to talk to soldiers and their families regarding financial issues such as buying a home, saving for retirement, reducing debt or creating a budget.

  • Inflation Is Our Friend: Huh?

    Since when was increasing the inflation rate a goal? Not long ago, inflation was an enemy. Rising prices erode your purchasing power. Now, policymakers greet it as salvation. They think it is an antidote to slow growth. It really isn’t.

    Curing what ails the European economy will take more than higher prices. But Wall Street reacted to the European Central Bank’s inflation-boosting efforts by setting new records.

  • When to Call a Professional

    Can you handle your investments on your own? Some can. Many can’t. That’s not to say that you don’t have the brains for it. You may simply lack the time to master the investing world. That’s when you should consult a professional financial advisor.

  • Capital Gains: More Complex

    How you deal with the new capital gains rates hinges on your tax bracket. Strategies to deal with capital gains differ for each level – part of their new complexity starting last year.

    When you sell certain assets, such as stocks and bonds, you may incur capital gains. A capital asset also includes most property you own and use for personal or investment purposes. If the original purchase price of the asset plus associated expenses (the cost basis) is less than the proceeds you receive from the sale, you incur a capital gain.

  • VA Mess Shows Deeper Woes

    The problems plaguing the Veterans Administration underscore an unpleasant truth about aging: Ever-increasing costs and red tape endanger quality health care for older Americans, whether they are veterans or not. Their best defense is to build up enough personal capital to pay for better care on their own.

  • Asset Caregiver Guides (Pt. 1)

    We almost all seem to know someone who helps older family members with financial affairs. If legally appointed to help someone with their money, find out all you can about the potentially confusing role.

    To help fledgling financial caregivers, the Federal Consumer Financial Protection Bureau (CFPB) publishes four guides for “Managing Someone Else’s Money.” Each guide addresses a specific role:

  • Under-Used College Savings

    Some good news on the college cost front: More parents with college-bound kids are saving for education, some 51%, a recovery from the recession. Trouble is, most of those parents aren’t putting away money the best way. A terrific savings vehicle, called a 529 plan, exists for that purpose, but people don’t use it nearly enough.


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