AdviceIQ Articles

  • Tax Tips for Newlyweds

    We’re deep into the 2013 wedding season, and lots of folks are tying the knot. While the Internal Revenue Service is hardly on anyone’s mind as they celebrate, there are some important tax tips to keep in mind.

  • 5 Reasons to Avoid Bitcoins

    Bitcoins, the digital crypto-currency, is the latest financial craze hitting the streets, but I advise you to sit this one out. Completely digital transactions might be the way to spend money in the future, but don’t mistake it for a safe investment.

    Bitcoins are never used as physical currency. They don’t have the backing of any government. In fact, its very existence is a legal gray area. To get this currency, you can go through an exchange or “mine” them with a powerful computer.

  • How Solid Is That Annuity?

    Annuities are a popular way to fund retirement, paying you a regular check for the rest of your life. But how can you tell if the insurer issuing the annuity is sturdy enough to keep up the payments? Here’s how to scrutinize an annuity issuer.

  • Why the Dollar Will Hold Up

    Many investors fear our national debt, the specter of global economic disaster, China’s increasing clout, the threat of hyper-inflation and even the extinction of the dollar as a stable world currency. Despite our nation’s economic sluggishness, I think that we should be ultimately optimistic about the future of the U.S. and the dollar.

  • Reward Yourself Wisely

    It’s perfectly natural to want to pamper yourself with massages, facials and pedicures every month without feeling guilty about it. You work hard, pay your bills, and you save for your financial future. If you are reaching your goals, you can find ways to indulge in a financially responsible way. 

    If you are like me, and most of the women I work with, you enjoy treating yourself yet still feel guilty about spending the money when you do. You may think you shouldn’t spend so much every month when you could be saving more for retirement or for your child’s college education.

  • The Risk of Lazy Investing

    It’s much easier to be lazy than diligent. When you are lazy about investing, though, you end up hurting yourself badly – your lifestyle today, your kids’ college education and your retirement.

    Let’s say you don’t bother to invest money regularly in a 401(k) or individual retirement account. Or you invest in something just because it is going up. Or you fail to construct a well-balanced portfolio, with the right mix of stocks and bonds for your goals and age. Guarantee: You eventually will be sorry.

  • Seeking True Diversification

    Every investor and financial advisor pays lip service to the notion of diversification. Most recommend a 60% allocation to equities and a 40% to bonds. But such a setup is simplistic. The better approach is not to treat all stocks as equally risky and all bonds as equally safe. You need to make finer distinctions within asset classes.

  • Why to Set Up a Kids’ Trust

    How do you stop your offspring squandering their inheritance? When passing wealth to your kids, consider creating a trust to limit the later generation's ability to tap into the principal.

    Several astute readers suggested this strategy after my recent article cited research that shows 90% of inherited wealth is gone by the third generation.

  • So Much for the Fed’s Taper

    Federal Reserve Chairman Ben Bernanke capitulated on his plans to taper off its stimulus program in mid-July, causing the bond market to rally and the stock market to hit new highs. But economic data are still disappointing and higher interest rates are affecting consumers. As we remain uncertain about when the taper comes, expect more volatility.

  • How to Figure Matching Funds

    Many employers offer 401(k) matching contributions to encourage employees to fund their retirement accounts. But no two human resources departments are alike. You must get a handle on what rules govern your plan’s match.

    With all the formulas and percentages used, employees sometimes have a hard time understanding how much money they actually get. Here is a guide to understand how your company calculates matching contributions.


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