AdviceIQ Articles

  • Clean Out the Financial Closet

    Cleaning out your financial closet may be long overdue. Sure, it’s a hassle. Don’t put it off, though, even though that is tempting.

    Things change all the time. Over the last 25 years, my waistline grew bigger and then smaller. Styles of clothing go in and out of fashion. Things wear out or lose color. I should have cleaned old clothes out of my closet long ago. I did not and today the task appears daunting.

    Thus, I delay doing anything. The task is so tedious and time-consuming. Nothing has happened to create a sense of urgency for me to take action today.

  • Guaranteed Annuity Payout?

    Many investors, panicked by the market crash of 2008-2009, started a search for some type of investment vehicle to protect them from the next market downturn. Some decided the answer was a variable annuity with a "guaranteed living benefit" rider. That’s a mistake.

  • Know How to Hire a CPA

    You reach the level of financial maturity where you must hire a certified public accountant (CPA) to help with certain aspects of your life and money. What should you look for?

    The CPA title ranks as a widely recognized high credential for tax preparers and accountants. Each state’s Board of Accountancy licenses CPAs who practice in that state; each board issues rules that govern what a financial professional must do to become a licensed CPA.

  • Beware Costs of Annuities

    Annuities offer the comfort of a steady retirement income, but this security that comes with plenty of fees and expenses. Some proceeds are taxable. All these can erode what you think you are getting.

    Annuities, an insurance product, basically insure against living too long. Most carriers offering annuities charge policyholders for this insurance via mortality and expense charges (M&Es) ranging from 0.25% to more than 2%.

  • Living With Variable Expenses

    We are living in a variable world, where monetary values and business strategies are fluid. Adjusting to this reality can be vexing.

    There used to be fixed currency exchange rates, brokerage commissions, pension payments and a whole array of numbers that provided us with reassurance. No longer. The spiraling inflation of the 1970s, the increased connections of a global economy and the rise of technology – think rapid-fire stock trading, as one example – are a few of the factors that changed the comfortable solidity of fixed values and procedures.

  • Put Biz Profits Before Growth

    You see-saw over which counts more in your business: your bottom line now or your future. Here’s the answer.

  • Avoid Irrational Comparisons

    ‘Twas recently the season to celebrate with friends and family. But too often during this season, we inadvertently compare ourselves to the people around us – and that leads us to make financial mistakes.

  • Govt. Uncertainty and Stocks

    Investors face a lot of uncertainty these days, from Washington in particular. As you seek to protect and expand your portfolio on this shaky ground, what can you expect? The picture isn’t necessarily bright.

  • Are Advisors Worth the Fee?

    If you pay your financial advisor to constantly get you returns that always go up, you throw money away. You must work alongside your investments, and here’s how.

    You may believe your investments – instead of you saving more – do all the heavy lifting of personal finance. The goal of good returns instead of saving may work for those younger than 45. After 45, saving more becomes the goal and replaces reaching for returns (and exposing yourself to more risk).

  • Saving Via Broker Accounts

    Most investors focus only on their retirement accounts such as 401(k)s, individual retirement accounts and pensions – and overlook another powerful savings vehicle: the taxable brokerage account. Here’s how to take advantage.

    Think of a taxable brokerage account as a supercharged savings account. Just as in a savings account, your money stands accessible at any time. Unlike a savings account, a taxable brokerage account allows you to invest in stocks, bonds, real estate, commodities and other vehicles.


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