AdviceIQ Articles

  • Sequester’s Impact? Muted

    What will the impact of the sequester be on the economy – and on your investments? We won’t know right away, but given all the other crosscurrents out there, this $85 billion reduction in federal spending (only some of it hitting this year) shouldn’t be a major factor.

  • Harnessing the Yen to Spend

    Our culture glorifies consumer spending. Part of my job as a financial advisor is to rein in my clients’ enthusiasms that lead to hasty purchases harmful to their long-term financial goals. But that doesn’t mean I am simply a wet blanket.

    There are ways to buy stuff that folks want without thwarting their futures. The key is to make plans that accommodate both near-term desires and future security. These are not mutually exclusive.

  • Get Back to Zero: Not Enough


    Getting your investments back to where they were before the bear market – in effect, back to zero – is not sufficient. Inflation has, in the meantime, made the prices of day-to-day goods and services more expensive.

    You continually hear: “Today’s markets are as uncertain as ever.” Well, duh! Google key words like “markets” and “uncertain,” and you will see hundreds of references telling you what you already know – the future largely is unknowable and risks abound.

  • How Not to Fight Over Money

    If you and your significant other aren’t financially compatible, it can put a major strain on your relationship and even lead to a breakup. How do you deal with that?

    It’s very difficult for two people to run a household when their attitudes toward money clash. To avoid heartbreaking conflicts, you need to communicate with your partner about money and understand your partner’s behavior.

  • Financial Planning: Not Easy

    Why hire a financial advisor? Developing a financial plan is not a job that you can easily do yourself. There are so many choices of investment vehicles, tax strategies and life plans.

    It’s hard enough to decide which is right for you, and the game changes every day. Financial planning is a simple process if you have a highly qualified and independent advisor helping you with it.

    As a financial advisor, I find it a constant challenge to keep my clients properly informed. This is not an easy job at all.

  • Why Medicare Is Not Enough

    The cost of healthcare is one of the biggest liabilities for retirees, most of whom don’t get nearly enough coverage from Medicare. Most folks need to plan ahead before retirement to find the right insurance to make up for the government program’s shortcomings.

  • Market Volatility: Your Friend

    Market volatility can be frightening, but also useful. Gyrating stocks are a good reminder to look at your portfolio with a critical eye. The key is to curb your emotions and not panic.

  • The Stats: Better Times Ahead

    We are heading for an economic boom like we haven’t seen in decades. All of the charts and statistics I study show we are moving in the right direction. And that is good news for investors.

    Many of the negative statistics from the last several years seem to be approaching bottom and making a turn for the better. Numbers such as high unemployment and personal debt peaked and appear to be reversing.

    Here are a few data points that lead me to believe that better times are ahead.

    More employment

  • Long-Term Care Sticker Shock

    The price of long-term care insurance is rising. What can you do to cope with that? Answers range from self-insuring to applying early for the coverage.

    The single woman in her early 70s got a shock when her insurer told her that her premium was going up by 76%, from $2,626 per year to $4,632. She bought the policy back in 2000, when it was more affordable. This boost is an outlier: Increases more typically are in the mid-single digit, and hers stems partly from the demise of the insurer that sold her the policy. Another company took it over.

  • Co-Sign a Loan: Bad Idea

    If you have a family member or a friend who has bad credit, co-signing a loan agreement is not the best way to help. You take a lot of risk when you co-sign, and get none of the loan’s benefits.

    In today’s economy, it isn’t uncommon for someone to need a co-signer to qualify for a desperately needed loan. Very often, parents co-sign for student loans to secure more favorable interest rates for their kids.


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