AdviceIQ Articles

  • Readying a College Freshman

    Got a freshman in your home this fall? Besides packing linens and pillows, don’t forget to prepare for your kid’s financial needs.

    The time has come for my daughter, Elizabeth, to go to college. Planning is key to ensure a smooth transition. It is both exciting and overwhelming, as much for her as for me. Making sure that she has everything she needs helps me in the transition (I know – I’m a bit of a control freak).

  • How the Past Hurts Returns

    We all tend to use experience to predict the future. The technical term for this is recency bias and it’s one reason many investors fall short of potential success. How do you purge your own bias and improve your portfolio’s returns over time?

  • How to Stop Workplace Theft

    Companies lose around 5% of revenues each year to employee theft, according to an annual report of the Association of Certified Fraud Examiners. Small businesses are especially vulnerable because they lack of proper controls. As a business owner, however much you trust your employees, you need basic strategies to reduce your risk of becoming a victim.

  • Staying on Top of a 401(k)

    Lots of investors never bother to check on their 401(k) regularly. But you should keep a constant eye on your funds’ risk level, whether your asset allocation is out of whack and if your beneficiaries still are the ones you want.

    When you first start a job and join a 401(k) or another employer-sponsored retirement savings plan, you fill out a few forms, decide how much you want to contribute, and you pick some investment options.

  • To the Rescue: Boomers

    With wages stagnant for the past decade and the cost of necessities rising, many folks’ ability to meet living expenses continues to shrink, let alone their capacity to spend for fun stuff. And that’s not good news for the U.S. economy. When it comes to increasing consumer spending to lift the economy, our only hope lies with the baby boomers, who have the most discretionary income to spend.

  • Families’ Savings Tips

    Raising a family is expensive. Before my wife and I had our first son, I was terrified. We were decent at managing our finances, but I suddenly felt that I had holes in all my pockets. I’m sure other families feel this pinch and constantly look for ways to cut costs.

    Try some of the following money-saving tips and use them to take charge of your budget.

  • Allocation in Your 401(k)

    When you participate in your employer-sponsored retirement plan, your must first determine how much money to put into the plan. Next: Allocate funds within your account to make the most money. This can be the tricky part.

  • Trouble in a Quiet Market?

    Some indicators point to a complacent market lately. Boon or warning? How scared or comfortable are investors now and, for that matter, how reliable are our indicators?

  • Stopping Tax-Related ID Theft

    Identity theft is rampant. You can become a victim not only after carelessly using passwords and your personal information but also if you’re in the wrong electronic place at the wrong time, such during Target stores’ data breach last holiday season. You have little information more sensitive than that you write – and sometimes send electronically – on your tax return.

  • When Should You Retire?

    You might be thinking about retiring, but how do you know when you are really ready for it, mentally and financially?

    For decades, the normal retirement age was 65. This was when you became eligible for Social Security and Medicare. Things are different today. Baby boomers get full Social Security at 66, for instance, and younger generations will have to wait longer.

    Answer these five questions to find out how, when and if you should retire:

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