AdviceIQ Articles

  • Year-End 401(k) Tips

    There is lots of turmoil in the investment world lately. How should you respond when managing your retirement fund as the year winds to a close?

    Both the Dow Jones Industrial Average and the Standard & Poor’s 500 consistently flirt with or break records this year. Twitter (TWTR) just went public.  Questions abound on when and how the Federal Reserve will end its bond-buying program, which will affect how fixed-income investments fare.

  • How to Take IRA Withdrawals

    Are you about to turn 70? Six months after your birthday, the law requires you to start tapping your tax-deferred retirement accounts. The rules surrounding a withdrawal are complicated and fraught with tax peril. Here’s how to navigate them.

    Note that you have until Dec. 31 of each tax year to take these withdrawals, called required minimum distributions (RMDs). That date is coming right up.

  • 3 Emotional Investing Traps

    Whether the market is climbing, as it has recently, or is dropping, the danger is that you let emotions guide your investing. How can you avoid that trap, and base your investment decision-making instead on rational considerations?

    You have likely heard a lot about behavioral finance, which spotlights the mental shortcuts and other emotion-driven patterns that too often lead to bad decisions.

  • 5 Signs You Need a Planner

    Sometimes it’s hard to tell if you need professional help for a problem or if you can handle it yourself. Whether it’s taking care of a common cold, fixing the sink, changing the oil in your car or doing your own taxes. The same question often arises about finances.

  • Stop Applying Biz Band-Aids

    Problems crop up in all businesses. Here’s how to prevent the same problems from rearing their heads over and over.

    Do you feel like you’re stuck in the movie Groundhog Day? The same thing happens over and over? Like you get past a problem and a year or two later the same problem comes back again?

    You think you solved the problem last time. You didn’t and you fear it’s going to continue like this forever.

  • The Bullish Case for 2014

    Statistically, 2014 looks good. On average since 1926, the Standard & Poor’s 500 total return, which includes dividends, advanced by roughly 11.5% the year after a 20% or greater advance. Absent a steep and unlikely late-December slump, this year is on track to finish well above 20%.

  • The Questions Advisors Ask

    You or your financial advisors rely on many tools to explore and improve your financial situation. Here’s why one of the most critical is curiosity.

    Financial planning software abounds for financial planners and individuals. To me, asking questions and the dialog they create might constitute the most important financial planning tool.

    When I first speak with you, the prospective client, either in person on the phone, I ask many questions.

  • Prepping for a Hazy Future

    Your future arrives before you know it. But since we can’t predict what it will bring, how do we prepare for it? By making plans and doing that as early as possible. Here are some wise words to help you seize your moment financially:

    “By failing to prepare, you are preparing to fail.”Benjamin Franklin.

  • China and Its Debt Woes

    If the United States relies on China as its main lender, what happens when China is having difficulties with its debt? Perhaps the world’s second largest economy is not as inexorable as advertised.

    We may soon find out how the debt problem will evolve. As the Financial Times reported, “several banks have had to delay or dramatically reduce Chinese bond issues as the impact of a tight onshore credit market begins to be felt.”

  • Need a Planner or a Manager?

    If the terms “financial planner” and “investment manager” seem interchangeable to you, know that many people — even financial professionals — goof in differentiating. Understand the difference to maximize your financial well-being, and here’s how.

    Confusion reigns because the terms don’t just describe job titles; they refer to distinct parts of the integrated financial processes of financial planning and investment management.


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