AdviceIQ Articles

  • Lessons of the Winter Selloff

    After a scorching 2013, the stock market had a nasty winter surprise. The Standard & Poor’s 500 took a dive starting in mid-January. Some investors panicked. They shouldn’t have. The temporary slide teaches us that, even in the best years for stocks, downdrafts occur. This is good to keep in mind going forward.

  • Lone Wolf of Wall Street: the Advisor Honesty Question

    A contender for Best Picture at the recent Oscars was The Wolf of Wall Street. The flick, starring Leonardo DiCaprio, chronicles the sleazy life and times of a financial advisor. Modeled on real-life penny stockbroker Jordan Belfort, who did prison time for scamming customers, the story leaves filmgoers with a bad taste in their mouths about advisors.

    Only one problem: The vast majority of financial advisors are honest. How do I know this?

  • Avoiding Money Mind Traps

    We all love to watch our investments when we’re winning in the market and making money. The problem comes when we lose. The temptation to make rash decisions, whether in buying or selling investments, is the real enemy of investors.

    Our behavior when we fall short of expected returns causes us real problems. Why does it seem losses count twice as much to us as gains?

  • How to Reduce Your Debt

    You sink in debt, the holiday bills are now overdue and there seems no way to resurface financially. Time to get control of your debt.

  • Reasons for Optimism

    Overall, it’s starting to feel like a real recovery with staying power, according to a trio of academics worth listening to. Despite this winter’s market pullback – one in a series of investor qualms since the market began its rebound from the 2008 debacle – muted optimism once again prevails. Should we believe these forecasts? Yes.

  • Dollar Cost Averaging Woes

    The general concept of dollar cost averaging (DCA), a systematic and gradual method investing, seems like a sound approach. The standard advice is that this is the way to commit your money. Well, not always.

    Specifics vary, but DCA involves investing a fixed dollar amount at regular intervals over a specified period, as opposed to lump-sum investing (LSI) – that is, investing all at once.

  • Qualifying for Obamacare Aid

    Obamacare continues to make headlines, good and bad. No matter your thoughts about the concept, you may qualify for help when using this avenue to sign up for health insurance. Here’s how.

    Nearly 3.3 million people enrolled in Obamacare-offered insurance plans through early February. The Premium Assistance Tax Credit (PATC) is designed to help lower-income individuals and families pay for insurance they buy through the health-care exchanges.

  • Obama’s Dud Retirement Plan

    President Barack Obama’s plan for government-backed starter retirement accounts, unveiled in his January State of the Union message, has two major problems: The minimums are too low to make a difference in building wealth and inflation will consume the meager gains.

    Obama dubbed his new retirement savings plan MyRA. The first rule in marketing is a name easy to pronounce. Confusion reigns. It is not MyIRA, or Myra, a girl’s name. It’s My-are-a, I think.

  • How to Do a 401(k) Rollover

    You left your job and have to figure out what to do with your 401(k). A hasty rollover decision is not going to help in the long run. There is a lot of competition among big Wall Street firms to get you to roll over your account to them. 

    But first, take your time. These are your hard-earned savings we’re talking about.  This is a good time evaluate your overall retirement strategy and perhaps enlist the help of an advisor you can trust.

  • Small Claims: Frustration Cure

    The car under warranty whose engine freezes up. The valuable lost airline baggage that never shows up. The malfunctioning cable box that doesn’t get fixed or replaced. What if you, the customer, complain but get no satisfaction? Sometimes big companies with near-monopolies seem indifferent to customer service. The answer? File a small claims lawsuit. This last-ditch action gets results.


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