AdviceIQ Articles

  • Bad Decisions in Old Age

    What if you lose your mental capacity in later years and make irrational financial choices? How can you safeguard your assets from that threat?

    After three decades as a financial planner, I see more and more clients reach, not just retirement, but their final years. An issue that becomes especially important at this stage of life is how to protect your financial resources from an unexpected threat – yourself.

  • Estate Planning: Dividing It

    When you die, who gets your money? Your kids, you’d think. But before the money reaches your heirs, the government and creditors take their share first.

    Now that you know the estimated amount you have to give, most of the math is over. The rest of the calculations have to do with who gets what proportion of your assets.

  • Ebola, Fear and Market Timing

    The West African Ebola outbreak this summer generated fear and anxiety, particularly when two infected American aid volunteers were treated at Atlanta’s Emory University Hospital. What does Ebola have to do with your personal investment policy and meeting your goals? Plenty: It provides a useful lesson in the psychology of fear.

  • Sizing Up Your 401(k)

    When did you last evaluate your company’s retirement plan? If you’re like many people, your 401(k) or profit-sharing plan constitutes the largest – or at least one of the largest – investment accounts in your portfolio. Here’s how to make sure it’s the best plan for you.

    Many factors help you evaluate your plan, including the total expenses, investment options, guidance provided and your company match.

  • Your Wealth Checkup (Pt. 2)

    In part one we looked at budgeting, insurance and other details of your financial health. Here’s the continuing list of what you must do at least once a year to help keep your money working and your finances healthy.

    Protect yourself from identity theft. Undoing the chaos that identity theft creates can take days of your time.

  • Unemployed? Blame Boomers

    Unemployment, while somewhat improved, is still too high. One culprit is the huge baby boom generation, which is reluctant to retire.

    Each day, another 8,000 baby boomers turn 65. The U.S. Census Bureau says there are more than 77 million baby boomers, defined as those born between 1946 and 1964.  By 2030, all boomers will be over 65 and will represent about 20% of the population.

  • Payroll Tax Rules for Family

    Family businesses often employ parents, children or grandchildren. If your business does, employees from your family might warrant tax exemptions that can save you big.

    “One of the advantages of operating your own business is hiring family members,” claims the Internal Revenue Service. “However, employment tax requirements for family employees may vary from those that apply to other employees.”

  • Estate Planning: Your Worth

    The decisions you make now about where your assets go after your death can affect people’s lives profoundly. This three-part article walks you through some of the basic issues involved with estate planning. This initial part is figuring out how much your estate is worth.

    Most people avoid thinking about, let alone planning for, their death. And yet making arrangements can be a liberating experience. Relieving your families of the burden of having to do it for you is also a demonstration of consideration, kindness and love.

  • Why It’s Different This Time

    Yes, it is different this time, and not in a good way. The aftermath of the financial crisis and the worst economic downturn since the Great Depression produced a sluggish recovery. Accelerating technological change is further disrupting. When looking for a culprit for economic malaise, search no further.

    Plus ça change, plus c'est la même chose (translation: The more things change, the more they stay the same). Old wise men and women add a wrinkle to their brows when they hear the phrase: “It’s different this time.” They’ve heard that before.

  • Saving on Gift Taxes

    Tax strategies are key elements of financial planning. When sharing your fortune with someone else, no matter how you accumulate it, you should understand the tax implications so that your good intentions don’t come back to bite you.


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