AdviceIQ Articles

  • Agility in Your Investing

    Often people see their financial plans as fixed in stone. You don’t want to wander too far off your financial goals, yet goals change. Your plan must evolve with your financial objectives.

    If you talk to a financial planner, the process usually goes like this:

    Step 1. Determine your goals.

    Step 2. Determine your risk tolerance, or comfort with potential losses in the market.

    Step 3. Design a portfolio, within your risk tolerance, to achieve your goals.

  • Know Health Accounts’ Costs

    Open enrollment looms for workers’ to sign up for employer-sponsored health-care plans. This enrollment season promises to resemble few others.

  • Unemployment’s Glacial Drop

    Work, or the lack of it, is what the economy is all about. When Americans are working, they spend money. When they spend money, the economy grows. Too bad that the jobless numbers are dropping so very slowly.

    If the economy is truly recovering, as many pundits suggest, then the unemployment rate should be dropping appreciably. Despite some encouraging indicators, it isn’t.

  • Getting the Most Out of College

    How can you be sure your child gets the most out of a college? A few suggestions from a noted academic: Check out what the college offers in student guidance, don’t pay 100% of the tab and set firm expectations for your kid.

    You may be concerned about finding a way to afford your child’s college tuition while you must save for your own retirement. We financial planners know sometimes it’s hard to strike a balance between your future and your child’s. All the more reason to spend wisely on college.

  • Know the Value of Wealth

    What does it mean to be rich? Some people live by the balance sheet, some die by it. Others don’t even know what a balance sheet is. How do you define wealth for yourself?

    A recent article on CNN Money reported that “a whopping 70% of those with at least $1 million in assets that are invested or available to invest, excluding home values, don’t consider themselves to be wealthy… only when they hit the $5 million mark (did) millionaires begin to feel ‘wealthy.’”

  • How to Tune Out Market Noise

    The clamor of the unimportant should not control your savings and retirement. In today’s digital world, though, you need to sift through a lot of chaff.

  • Broker-Dealers: Not Black Hats

    To hear some tell it, advisors are divided into saints and sinners. The saints are those who work for registered investment advisor firms; they sell no securities and get paid by fees. The sinners are broker-dealers – stockbrokers who peddle product and earn commissions.

  • Family Business Survival Guide

    Too often, a family business gets frittered away when it passes to the next generation. Once a founder is gone, one solution is for the descendants to bring in a team of experts to handle matters like management succession, taxes and asset protection.

    (This is the first of two articles looking at succession planning in small businesses.)

  • Bond Funds: Toxic Investments?

    A conservative portfolio is now synonymous with a bond-heavy one. But if interest rates continue to rise, bonds will no longer be the safe haven investors have taken for granted.

    Because bonds do well when interest rates go down, 30 years of rate declines convinced many that bonds are “safe.” But a rising interest rate cycle seems to be taking hold, and bond investors are now exposed to unfamiliar risks by holding on to such allegedly conservative portfolios. If interest rates climb more, those portfolios will not provide the safety that investors seek.

  • When Your Wealth Changes

    When you get knocked out of the wealth level that you’re accustomed to, the change often is harrowing. Whether the shift is up or down, how you deal with your changing fortunes affects your financial well-being far into the future.

    Try to imagine the enormous range of possible financial conditions in which human beings can live. At the lowest end is bare subsistence, the minimum food and shelter possible to sustain life. At the highest end is unlimited wealth — multi-billionaires with more than they, their children and their grandchildren could possibly spend.


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