AdviceIQ Articles

  • 3 Worrisome Global Problems

    The U.S. economy has plenty of weaknesses. But compared to elsewhere, we are doing pretty well. The downside is that, in a global economy where everyone is connected, trouble in one spot can spread rapidly over borders. That’s why weaknesses in China, Japan and Europe are worrisome.

  • Timing: Retirement Myth

    When you retire influences your income in the golden years. Or does it? Here’s an example.

    The retirement 4% rule – which says that, if you withdraw roughly 4% of your savings annually for 30 years’ retirement, you stand a good chance of not outliving your money – sometimes works well and sometimes doesn’t, depending on how you time your retirement.

  • What’s the Point of myRAs?

    President Barack Obama’s State of the Union address included announcement of the new, supposedly easier retirement savings plans, or “my Retirement Accounts” (myRAs). Do we need them? No.

  • Boomer Retirement Crisis

    Many baby boomers haven’t saved enough for retirement, and it is too late to catch up. What should they do? Keep working.

    “The world braces for retirement crisis.” This headline caught my attention because of its tone of near panic. It implied that the pending retirement crisis was like a hurricane or other natural disaster, striking with little warning and beyond our control. Not so. Financial columnists like me have warned for the past two decades that baby boomers are woefully unprepared for retirement.

  • Money Lessons for Your 20s

    Your third decade brings accepting yourself and learning how to stand up for yourself – and more pragmatic, financial lessons. Here are a few.

    Getting a grip on your money comes hard when you start out. The sooner you start figuring out your finances, the better. Here are 10 money Lessons I learned in my 20s.

  • Talk Money With Your Honey

    The role of money and the ritual of talking about money rank high in relationships. Here’s how partners can chat about their cash.

  • Why the Fed Has Nothing Left

    The Federal Reserve gets a lot of credit for what passes as an economic recovery. Whether it deserves that credit or not, going forward the Fed has very little power to influence events because it is essentially out of ammo to further ease. The economy, meanwhile, is still lackluster, despite the central bank’s unjustified optimism.

  • Spousal Benefits: Unequal

    Social Security spousal benefits shortchange some couples. Here’s what to know.

    Among facts about these benefits:

    ·         For you to file for spousal benefits, your spouse must file for benefits first. The first filing spouse does not have to begin receiving money at once: He or she can postpone that after filing, allowing you to take spousal benefits.

  • 8 Keys to a Workable Budget

    Your financial planning revolves around what you control. Here’s how to take charge of your budgeting fundamentals.

    We can’t control stock market returns, tax rates or unexpected events. We can plan to mitigate risks through diversification, tax planning and insurance. Of all areas in financial planning, we most control our income, expenses and savings, making it extremely important to create a workable budget.

    Below are keys to creating a budget you stick to.

  • How Bonds Boost Stocks

    Sometimes, forces that don’t command a lot of attention are important factors – most often undergirded by bonds. Cash that is raised in the corporate bond market often finds its way into the stock market via stock buybacks, dividends and acquisitions.

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