AdviceIQ Articles

  • Education Fails = Economy Fails

    How well our education system does its job affects the U.S. economy. No secret: Schools aren’t doing the job adequately. As investors and citizens, we all need to fix that.

    Tuitions costs are on the rise. This is likely not news to you but it’s still having a large impact on our future generations and also our current economy. According to analyst Mary Kane at Citigroup, student loan debt makes up nearly a third of all non-mortgage debt in the United States, approximately $1 trillion in total.

  • Secrets to Creating Wealth

    There is no such thing as the right path to creating wealth, such as getting the right job or starting a business. The secret, instead, is a mindset that includes looking at the long term and knowing what you need to give up.

    Working with successful wealth-builders over three decades as a financial planner taught me what works and what doesn’t. Here are just a few of the paths that aren't the sure routes to wealth they might seem to be:

  • How to Plan for a Vacation

    One of the more fun topics in financial planning is saving up for a nice relaxing vacation in a sunny locale. If you want to enjoy a vacation without getting fleeced, it pays to plan ahead.

  • Dealing With an Odd Market

    How should investors deal with an Alice in Wonderland market, where up is down and bad means good? The economy still hasn’t bounced back, and every lackluster data point drives stocks higher. Answer: Don’t make any sudden moves because, short-term market gyrations aside, the Federal Reserve’s stimulus program’s end is distant and will occur gradually.

  • L-T Care With Death Benefits

    Long-term care insurance is a necessity for retirees, who run a risk of depleting their savings on medical costs. Trouble is, what if you never use this costly protection? Fortunately, there are new policies that also provide a death benefit to your heirs.

  • How to Check Credit Scores

    If you miss bill payments, the bad credit score that results is your fault. But sometimes, blotches on your record are creditors’ mistakes – and you suffer from them unjustly. Check your credit report regularly to make sure that this doesn’t happen to you.

  • Don’t Sell All Your Bonds

    Due to the recent selloff in the bond market, you might be nervous about fixed-income risks. Resist the impulse to bail out. You need to keep some bonds in your portfolio to hedge against a possible stock market downturn. Bonds historically lose less than stocks, and typically hold up during rough economic spells.

  • What Jobs Surge?

    The stock market took heart from last week’s buoyant report on employment gains for June – a headline total of 195,000 new jobs (seasonally adjusted) versus expectations for about 165,000. Not so fast. The data suggest that the economy and job market are no different than a year ago.

  • Helping Aging Parents

    Whether they want the role or not, adult children often find themselves in the position of primary caregiver for their parents. Unfortunately, many of us are not prepared for that role.

    We often find ourselves so engrossed in how fast our children are growing up that it’s easy to sometimes forget that our own parents are also aging. Finances can be very dicey for members of the “sandwich generation,” which simultaneously cares for children and parents.

  • Inflation: A Tax by Any Name

    Investors need to plan for inflation even though they have no control over it. If you take inflation into account when making financial decisions, you’re much better equipped than investors who ignore the impact of this stealth tax.

    Yes, one of the best ways to understand the effects of inflation on your money is to think of inflation as a tax. The famous investor Warren Buffet calls inflation a “far more devastating tax than anything that has been enacted by our legislature”

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