AdviceIQ Articles

  • 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:

  • U.S. Industrial Rebound: Why?

    Many factory jobs fled our shores years ago. Now, though, a U.S. industrial renaissance is occurring. Behind it is a technology-driven boost in domestic energy production. Here’s why this trend is going to gather even more force.

  • Best Retiree Cities, Financially

    You’ve probably seen dozens of lists of places to retire in, but they seldom focus on financial factors, which are important when you live off your savings.

    Due to warm weather, beaches and the absence of a state income tax, locations in Florida are heavily over-represented on most such lists – I even included one here. But I took the liberty of assuming that not everyone wants to live out their golden years in the Sunshine State, and broadened the list to cover the country.

  • Confidence Up Means P/Es Up

    Looking for a reason to be bullish? Consumer confidence is on the rise, and so are stock multiples, known as P/Es. There is a longstanding relationship between the two, as increased confidence translates into higher stock valuations.

  • Overpaying Income Tax?

    If you start a job in the middle of the year, chances are you will be over-taxed. You get a refund, but it’s not an inefficient use of your money. To prevent this problem altogether, use something called the part-year withholding method.

    When you get a job, you file the W-4 form, aka the employee’s withholding allowance certificate, with the new employer. This form instructs the employer how much tax to withhold for the Internal Revenue Service from each of your paychecks.

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