AdviceIQ Articles

  • How to Head Off a Tax Bite

    The top tax rate on capital gains went up this year. If you and your advisor are smart with tax planning, you don’t have to pay this rate at all.

    Should you make more than $400,000, and you sell an asset that increased in value, the tax on your gains is now 20%, up from 15% last year. This includes securities that rise in price, dividends from stocks and profit from a home. If you make between $36,250 and $400,000, the tax is 15% and if you make less than that, you don’t have to pay taxes on capital gains.

  • Protection From Ex-Spouses

    Protecting your assets from an ex-spouse is getting easier. My state, South Dakota, joins Nevada in tightening protections on special trusts set up to shield holdings.

  • Rules for Advisors’ Clients

    Finding a good advisor is only half of a fruitful advisor-client relationship. Being a good client can help you increase your wealth because some advisors do just a little bit more for great clients who are easy to work with.

    Here are a few guidelines for doing your part to build a good relationship with your advisor.

  • Which One: Roth or 401(k)?

    If you have a Roth IRA and an employer-based retirement plan, such as a 401(k), which do you fund first if you cannot give the maximum allowable contribution to them all? With some exceptions, the answer is usually the Roth IRA.

  • How to File Your Taxes Right

    With less than two weeks until taxes are due, you may find yourself scrambling to get your return filed. Here are some tips, tricks and reminders to make your filing a little easier, and make sure that you get the best result possible this year.

     1. Determining which 1040 to file. Taxes are complicated, and figuring out which forms you need is a yearly headache as your financial situation changes. Look at this quick breakdown of the main individual tax return forms and who should file each one:

  • 7 Student Aid Filing Tips

    The cost of a college education is so high these days that few families can send their children to school without student aid. But filing an application is not easy. These seven tips should help.

    There are hundreds of scholarships, grants and student loan programs to help lighten the load, and most require you to fill out one vital form before you apply.

  • 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.


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