AdviceIQ Articles

  • 3 Gurus’ Timeless Wisdom

    Follow investment gurus to avoid investment mistakes. When things seem unsettled, a trio of these savants offer timeless advice you should heed.

    Such words of wisdom are especially appropriate amid current turbulent circumstances: a rocky bond market that perhaps signals the end of a 30-year bull run, U.S. stocks recently hitting new highs, troubling overseas developments such as Syria’s civil war and the ongoing fight in Congress.

    On the other hand, the variables change, but crises and problems always occur and always (at least temporarily) affect markets.

  • Joint Accounts: Pro and Con

    You two share your home, your bed, your hopes and dreams. Should you also share a bank account? The short answer: “It depends.”

    Combining accounts sometimes simplifies dealing with finances or results in one person turning money responsibilities over to their partner and no longer engaging in the family’s financial planning. Keeping separate accounts complicates tracking expenditures though allows two financially independent people to still control their pocketbook.

  • Your Own Health-Care Plan

    This fall, the pace of health-care change from Obamacare is dizzying. But beyond what’s going on in Washington, setting some simple priorities for the way you live your own life helps you keep straight what’s truly important – and most healthy.

  • Fed Debates, Market Yo-Yo’s

    Think the stock market doesn’t pack enough thrills? The surprise Federal Reserve announcement in mid-September to continue stimulus spending sent a hurrah through markets worldwide. How long will this market party last? And what’s coming next?

  • What RIAs Charge You

    People generally don’t understand that there are two different types of advisors. Broker-dealers are sales reps: They charge commissions for the stocks, bonds and funds they sell you. The second type, registered investment advisors, or RIAs, don’t get compensated for selling things. Investors pay RIAs a flat fee, or by the hour or as a share of assets.

  • Advisors and Compliance Costs

    One of the major costs of operating a financial planning firm is regulatory compliance. This is meant to keep clients safe. But sometimes advisors must curtail our services to clients as a result.

    “I’m the auditor, and I’m here to help you.”

    Now there’s a phrase to send cold chills down anyone’s spine. It doesn’t matter whether you’re a taxpayer, a company with government contracts, or a financial planning firm. Having an auditor show up feels a lot like being one of the Three Little Pigs and seeing the Big Bad Wolf on your doorstep.

  • Do the Math for Your Budget

    What’s the best method to sort out the twin barrage of messages chiding you to save more and urging you to spend more? Doing the math over the long term is a good start.

    How often do you see articles containing money-saving tips? Make dinner more often and eat out less, rent movies rather than go out to them, bring lunch to work rather than visit a restaurant, take advantage of coupons and brew your coffee rather than hitting Starbucks?

  • Mortgage Rate Outlook: Up

    The Federal Reserve’s efforts to ease interest rates also pump up housing, because more people can afford mortgages, are a great plan – but what happens when the Fed stops? Mortgage rates head up.

  • Reverse Mortgages: Trickier

    Would-be homeowners long turned to the Federal Housing Administration for affordable mortgages. That’s also true for older folks and reverse mortgages, which they use to supplement their income by tapping the equity value of their homes. But the agency is tightening the terms on these loans.

    Expanded loan volume paired with what some suggest is a decrease in loan quality have led to increased defaults and depleted FHA reserve funds.

  • Empty Nesters: Downsize?

    The day has finally come. Your children graduated from college and started their first jobs. But more importantly, they no longer live with you or depend on you financially. So how do you downsize your home, now that you need less of it?

    Downsizing your current home lets you cut down on house maintenance and property taxes. However, while part of it seems quite liberating, it can also be a bit scary leaving the house you lived in for the last few decades.

    Here are a few things to consider as you contemplate this next chapter of your life:


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