AdviceIQ Articles

  • March Madness and Stocks

    Sports metaphors and investing are natural pairs. A good way to look at portfolio management is the NCAA March Madness tournament, reaching its climax this weekend. As with basketball, you need to bet on the top-ranked contestants, but also be flexible since things change.

  • Retirees: Tax-Friendly States

    What states tax retirees the least? That’s something to ponder as you plan where to retire to. It’s not the predominant factor, but an important consideration.

    Kiplinger’s put together an interactive map that shows tax friendliness for retirees. The magazine has links to states with no sales tax, or low sales taxes, no income tax and more.

  • Good Clients are Patient

    Being a good client is just as important as finding a capable advisor. One of the key traits of a good client is willingness to stick to a portfolio for the long-term and trust the advisor’s recommendations.

    While finding an educated, experienced and ethical advisor is very important, it’s only half the story. Of course, a good advisor can positively influence a client’s behavior, but the client ultimately makes the decisions that lead to success.

  • Mental Barriers to Saving

    Why is it so difficult to save for the future? Answer: psychological stumbling blocks. If you’re like most Americans, you probably don’t know how much you need to save to achieve your financial goals.

  • Insurance With No Physical

    To take out a traditional life insurance policy, you often need to undergo some sort of physical medical exam. Fortunately, there is a way around this hassle.

    Medical exams take up your precious time, and also delay the approval of your insurance policy. Depending on your age and the type of policy you want, you may meet with a nurse, have a full physical with a doctor or go through several types of tests, involving lab results.

  • Why to Avoid Timeshares

    For residents of places like the Black Hills, where the first day of spring usually brings a snowstorm, timeshares for resorts in Florida or Mexico have a lot of appeal. They seem like a fun idea for a vacation in the sunshine, as well as a good deal financially. They are neither.

    Over the past 30 years, I researched hundreds of timeshare offers. I've never bought one. When you take a close look at the numbers and the restrictions, they simply don't add up to a good value.

  • 7 Keys to Financial Success

    It is easy to stray from basic, solid principles of finance. These remain true no matter what your age or circumstances. To make it easy, here are seven keys to fulfilling your financial vision of a steady tomorrow.

    Consider each one closely. They should be ingrained in your brain. You need to continually read and practice them. 

  • A 401(k) For Self-Employeds

    Many people hesitate to strike out on their own as consultants, freelancers and entrepreneurs because they don’t want to lose their employer-sponsored retirement benefits. But self-employed individuals can now tap a very advantageous plan that lets them set up their own 401(k)s.

    This alternative is a relatively new one, known as a Single-Participant or Solo 401(k). There are other options, yet this plan lets an independent worker save more than the others do.

  • Easter Eggs and Investing

    Yesterday was Easter, and in my family we have an egg hunt for the kids. Believe it or not, the game tells us a lot about the right investing mindset – namely, it requires commitment, patience and even diversification.

    While the Easter season’s weather in Indiana, where I live, wasn’t as lovely as in past years, it’s still a great time to be with family. To many, Easter means bunny-provided eggs for the delight of children. As my two daughters grew older, my wife and I improved our strategy to hide the eggs so the game is more fun for the girls.

  • What Spring Teaches Us

    The beginning of spring is a time to think about renewal. In our quest for material abundance and comfort, this is a time to pause and put our quest in context.

    Most prominently at this time of year, March madness is upon us. No, not the budget battles in Washington, although that constitutes insanity of a sort. In a rite of spring, the NCAA college basketball tournament extends from March 19 to April 8. For fans, it’s a welcome break from the daily round.


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