AdviceIQ Articles

  • Mechanics of 401(k)s (Pt. 3)

    Yes, you can tap your 401(k) for a loan even before your legal withdrawal age, although turning elsewhere to borrow is usually a better idea. You should know the rules and pitfalls built into 401(k) lending. They are many.

  • Job = Insurance: Outdated

    Critics and supporters of the Affordable Care Act (ACA), aka Obamacare, tend to gloss over one key issue with the whole plan: Employment still, largely, equals health coverage.

  • Who Really Is Rich?

    Wealth is defined by net worth, not income. A high income doesn't equal wealth; it equals a better opportunity to build wealth. Not everyone is wise enough to take advantage of that opportunity.

    "How much money do you make?" We don't ask people that question, but we'd love to know the answer. In this country, we fixate on a person’s annual income. That's the primary measure we use to determine social status and define success.

  • Mechanics of 401(k)s (Pt. 2)

    How do you take money out of a retirement plan? This is tricky, because one wrong move can cost you in taxes and penalties. The process is complicated, to say the least.

  • Why the Market Hasn’t Peaked

    Has the stock market, which continues to reach new highs, topped out? Not yet. Here are four reasons I believe the stock market hasn’t reached its peak.

  • Don’t Marry Your Stock

    Some people get attached to their stock. They fall in love with it when it performs well, and refuse to let it go when it becomes a loser. Don’t. There’s a rule in my office that reminds me to avoid this mistake: “I married my wife, but I only date my stocks.”

    Like a bad relationship, there might come a time when dumping the stock is just the right choice, no matter how much you love it.

  • Using Advisors: Start Early

    Congratulations, recent 2014 graduates. You now embark on an exciting new chapter of your life. You are eager to start a career and work toward achieving all your goals. But where do you begin? How do you make the best out of your first paycheck, and others to come, to finance for your ambitions and dreams in life? Answer: Get a good financial advisor.

  • Boomers Won’t Unload Stocks

    So baby boomers, heading into retirement and leery of risk, will unload their stocks – and deflate the equities market for a long time, right? Don’t bet on that. For reasons ranging from low bond yields to estate planning, they’ll likely stick with stocks, especially those paying nice dividends.

  • Startup Advice for Gen Y

    More than half of Gen Y-ers start or want to start their own business.

  • 5 Questions About Annuities

    Annuities, like any other investment, make perfect sense in the right situation. In the wrong situation, they can cost you money – and even be dangerous.

    Here’s what you need to know.

    1. How long is the term? The term depends on the type of annuity you choose and the payout period you require.


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