AdviceIQ Articles

  • The Dollar Is in Danger

    A reassuring sign of America’s strength and position as leader of the free world is that the dollar is the world’s reserve currency. But that privileged perch is increasingly shaky, and if it vanishes, our economy will suffer.

    Just as English is the closest we come to an internationally accepted language, the dollar is a common denominator, held in reserve by governments and institutions around the world, and used in international transactions.

    But that may be changing. And if it does, we can blame ourselves – or, more specifically, the Federal Reserve Board.

  • 5 IRA Withdrawal Mistakes

    When you put earned income into a tax-deferred account such as an individual retirement account or a 401(k), Uncle Sam eventually wants those taxes. The Internal Revenue Service requires you to take required minimum distribution (RMD) withdrawals. You must know when and how much to take, though, or you face hefty penalties.

    Here are the top five mistakes people make with RMDs and how to avoid them:

  • How to Prevent ID Theft

    With technology come the cyber criminals who steal your identity, credit card numbers and bank account information. While you can’t eliminate all identity theft threats, you can reduce the risk with extra precautions.

  • Massive Sell-Off? Unlikely

    Fewer investors own stocks these days. The upside: Lower equity ownership lessens the likelihood of a massive sell-off. This is pertinent now in light of the market’s recent dip, with the Standard & Poor’s 500 down for July.

  • Preparing for the Unexpected

    You probably go through many days feeling invincible. Bad things – or even just the weird and unexpected – happen to other people, not you. Wrong. When life throws you curves, almost always when you least expect, you need ready cash.

    One possible curve: You come home to a wild turkey in your living room. A few months ago, one of my clients took a weekend trip with her boyfriend. On Saturday, they got engaged. On Sunday, they received a call that the patio door on their apartment “blew out.”

  • Selling Your Life Policy?

    Selling your life insurance policy so that someone else can collect on it when you die? The thought of it is uncomfortable. Life settlements, formally known as viatical settlements, often elicit a great deal of emotion, but they might make sense if you can’t afford or don’t want your insurance anymore. Trouble is, the payouts usually are a fraction of the policy’s death benefit.

  • Central Banks’ Low-Rate Folly

    The folly of artificially low interest rates, courtesy of the world’s central banks, is a threat to economic well-being. When the Bank for International Settlements (BIS) calls central bank market rigging “the fairy dust of illusory riches,” it’s time to pay attention.

  • Avoiding Financial Paralysis

    For all these years I work with families, I notice one characteristic they have in common. When facing financial choices, they too often become paralyzed out of leeriness they will make the wrong ones. The answer is to get a good handle on their financial picture, so they can act.

    Don’t get me wrong. They’re incredibly bright, they are achievers for most of their lives, and they have the financial success that they always expected. But these qualities work together to create a storm of fear that prevents them from making decisions and taking steps forward.

  • Retirement and Boredom

    Retirement is a major life change. Financially, you have it all planned out. But did you take the time to prepare yourself psychologically for this transition?

    Most major life-changing events involve an ongoing process of emotional adjustment, and retirement is no exception. You have all the free time with no schedule or commitment. This transition may be more difficult than you think as you were disciplined with a routine for most of your life. Too much freedom may not be a good thing.

  • Plus Sign: Low Correlation

    Here’s some love for the most unloved bull market in history. Different asset classes are not moving together, as they did for most of the last few years. That lack of correlation, when one set of assets zigs as another zags, is a positive sign because it is typical of secular bull markets.

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