AdviceIQ Articles

  • End-of-World Money Moves

    The coming financial crash always looms. End of the markets, end of civilization, end of the world. How do you prepare?

    I, along with many other economists, agree with many of the concerns in these dire warnings. The growing debt and deficit spending taxes those holding dollars. The devaluation in the U.S. dollar risks the dollar’s status as the reserve currency of the world.

  • Sit-Back-at-Last Biz Owning

    One of your best moves to improve the value of your business: Make yourself operationally irrelevant. In other words, the place runs well without your being the hands-on boss.

    I call this making yourself into a passive business owner. This doesn’t mean that you don’t care or don’t work in your business. It means you finally let others take care of the day-to-day operations.

    Loosening your grip on your cherished business comes hard. Here are some tips.

  • Housing, Energy and Investing

    A roof over your head and gas in your tank cost more than ever. But prices for these essentials color your view of investing.

    What do your nest egg, retirement planning and personal finances share with the overall American economy? Plenty, especially when it comes to the bite from energy and home prices.

    In recent years rising gasoline and heating or cooling costs gobbled up family income, even as a depressed housing market erased personal wealth and left Americans feeling uncertain about their economic prospects.

  • Why Predictions Don’t Pan Out

    Do you know where the market is going? Lots of people think they do. Here’s one prediction that is guaranteed 100% accurate: Except for someone who is really lucky, the forecasters will be wrong.

    It’s all too tempting to look back over a good year or a bad year in the market and say to yourself, “Of course. All the signs were there. It was obvious that was going to happen.”

    The truth is that nobody has ever accurately predicted market movements consistently over time, and hindsight really is 20/20.

  • Your Returns Trail the Market?

    Remember that, before its recent winter downturns, whole segments of the market spiked last year. But your 2013 returns don’t reflect that. Should you worry? Not at all. What should you do about it? Nothing, other than re-balance your portfolio back to the original allocation you want.

    We’re well into a new year and all 2013 investment results are clear. I keep seeing 30%-plus increases for several asset classes and mutual funds for the year just past. You probably do, too.

  • Beware Scams at Tax Time

    Identity theft runs rampant during tax season. Here’s what to know and how to protect yourself.

    Identity thieves often swipe your bank or credit card account numbers, birth date information or Social Security Number (SSN) to steal from your accounts, open a new and phony account or make illegal purchases. In 2013, 13.1 million consumers suffered identity fraud – the second highest level on record, according to a survey by Javelin Strategy & Research.

  • Daring 2014 Market Forecasts

    To hear forecasters tell it, last year would not be noteworthy. They were way off. Does the stumbling start to 2014 portend a poor year ahead? Given the economy’s recovery and the Federal Reserve’s support, not necessarily. There’s a good argument that a modest year may be in store.

  • Couples’ Money Decisions

    Your big jump into matrimony means you now must answer big questions about your money and financial life together.

    Whether you’re engaged, newly married or a few years into a blissful marital life together, below are seven money decisions you and your partner need to make to set yourselves up for financial success.

  • Death of a Spouse: Now What?

    If your spouse recently died, you now have special considerations when planning your financial future. Here’s what to know.

    As most surviving spouses are women, we focus here on widows. Widowers will also find this information valuable.

  • Bonds and Rate Rises: Big Deal

    What impact would rising interest rates have on your investment portfolio? Likely not so bad.

    An interest rate hike has been widely anticipated for some time. According to an October survey of 50 top economists that the Wall Street Journal conducted, the yield on the 10-year Treasury was to rise nearly one percentage point by the end of 2014.

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