AdviceIQ Articles

  • Four Simple Steps in Investing

    As a female financial advisor, I commonly hear that investing feels overwhelming. While no one can ever guarantee investment success, these basic guidelines can help you make wise financial choices to support a life you love.

    My personal finance mantra is, “Simply your finances, simplify your life.” These four simple steps can help you create an investment plan for your unique circumstances.

  • Taxes and Selling a Business

    People hire financial advisors for their wide breadth of knowledge. Very often, advisors can find obscure provisions that could be perfect for you. The collective expertise on my team, for example, helped save a business owner $400,000 in taxes and still guarantee a lifetime income.

    I recently met with a prospective client who wanted to sell her truck tire distribution business. Her three main concerns were avoiding tax on the sale, preserving a lifetime stream of income and making sure her employees retain their jobs going forward. 

  • Why Gold Prices May Soar

    The soar has soured, the Midas touch faded: Gold prices no longer set records. That could change, however. The questions for investors are: Why and when?

  • Teach Adult Kids About Money

    Teaching children about money doesn’t stop when they grow up. This second of two articles looks at parents sharing their financial wisdom – sometimes hard-won – with recent graduates entering the work-force.

  • Take Care of Retirement First

    Many nearing the end of their working life stare a choice in the face: Save for your own golden years or save for your children’s future. Many make what appears to be the obvious – yet also the near-sighted – decision: They focus finances on the kids’ education.

    Among the almost 60 million Americans age 50 to 64 are parents challenged to save for both retirement and their children’s college education. Some can put aside enough for both; others save what they can.

  • An Ode to Passive Investing

    Do you think you can beat the market? Well, you probably can’t. That’s why, over time, I came to realize that my best answer when allocating assets is to be a passive investor and opt for index-tracking vehicles.

    “Buy low and sell high.” That was my simple approach when I was a smart, young investment advisor. I poured over a company’s balance sheet, earnings statements and forecasted returns. Then I bought those companies that were bargains and waited for my gains to roll in. More times than not, they did – eventually.

  • Taking Over Elders’ Finances

    A plan for taking over the finances of an older, ailing relative is best made when both sides are healthy. Once stricken by illness or frustrated by the loss of mobility and freedom, an older relative may not understand questions or state details of their wishes. Lack of a plan often ignites family arguments without even knowing what the older relative would really want.

    These talks should also go beyond just the money to include the relatives’ future independence; decision-making regarding finances, health care and other subjects; and basic preferences for day-to-day living.

  • Finding the Right Advisor

    Throughout life, we all engage professionals, from doctors and estate attorneys to financial advisors. When searching for a financial advisor, know how to find the right one for you, because in financial planning one size rarely fits all. An advisor will play a large role in your life and the lives of your family, so find someone you trust and enjoy working with.

    When looking, make a list of questions. Draft the answers in your head or on paper so you can objectively compare advisors. Among the important questions:

  • Housing Boosts Many Stocks

    The long depression that crushed the U.S. housing market finally shows signs of easing. Now’s the time to divest creatively in not just companies that will obviously do well in any housing uplift, but less-obvious companies as well.

    Conventional wisdom says what lifts housing generally lifts the American economy, too, and with reason: Housing involves a bigger universe of goods and services than most investors realize. Any uptick means good news for quite a few stocks.

  • Check Portfolio Often? Bad Idea

    With a 24/7 news cycle and instant access via smartphones, tablets and personal computers, disturbing news is a click away. Instantly, you can see how your stocks are reacting. But if you check on your overall investments daily, odds are you will increase your stress level and potentially make bad decisions.

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