AdviceIQ Articles

  • 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”

  • Keeping Up With the Joneses?

    The most dangerous thing that you can do is buying things that you don’t need on credit. Retailers are adept at pulling you in and seducing you. That’s how credit cards can become a snare. In every-day life, it can happen all too easily.

  • Don’t Save in Student’s Name

    Many times parents save for their children’s education in the child’s name to save on taxes, but doing so could make it hard to get student aid. In many cases, the taxes they save pales in comparison to the aid they give up due to financial aid rules. There are better ways to pay for your children’s’ education.

    Many times parents save in the child’s name to save on taxes without realizing the taxes saved may be less than the aid they give up due to financial aid rules.

  • Investing vs. Speculating

    Many casual investors think that they can play the stock market like a craps table or a horse race. The misconception is that you buy stocks on a hunch or a good tip, and sell once your holding goes up. In truth, this is a hazardous and foolhardy way to invest, and it’s tantamount to gambling. We see too much of it.

    True investing entails a thorough analysis of companies from a top-down or bottom-up approach. If you really don’t know how the company makes money, who its competitors are or even what it does, you are actually just a speculator.  

  • What Advisors Taught 3 Writers

    Sometimes, you can be too close to a subject to draw lessons for your own life.

    Case in point: We journalists think we know a lot about the world. But then along come financial advisors to surprise us seeming smarties with what we don’t know.

    The truth is that we, like everyone else on the planet, could use outside help planning our finances – because we don’t know what we don’t know. Smart people, even those with a motherlode of financial acumen, from any walk of life, simply don’t know it all.

  • Add a Child to Bank Account?

    Parents sometimes add an adult child’s name to their bank accounts to let them tap funds as needed or write checks on behalf of mom or dad. While adding a child’s name seems like a harmless, familial gesture of love and trust, the financial consequences can be extremely negative to both parent and child.

  • Bridging Retirement Gaps

    Estimating the retirement income that you need is not easy. Very often, our assumptions about how much we must save or can safely withdraw are off. Even millionaires can have trouble retiring comfortably.


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