AdviceIQ Articles

  • 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.

  • $ Decisions: Small Is Better

    I spend a lot of time helping people make financial choices, sometimes about business and sometimes about personal life. In both cases and in many more, breaking huge issues and questions into smaller choices makes problems much easier to manage.

  • Buffett Vs. Hedge Funds

    You can make big money from hedge funds – especially if you run one. Otherwise, average investors in these holdings often face stiff fees that corrode returns. For proof, ask America’s premiere investing icon: Warren Buffett.

  • Rent During Renovations?

    Seen The Money Pit? Tom Hanks and Shelley Long buy a $1 million distressed sale fixer-upper mansion for $200,000. What happens next? Maybe the same catastrophes you envision if you renovate your house while living in it. Is residing somewhere else for a while a smarter move and how do you pull it off?

  • How to Increase Your Wealth

    As the old adage says, “It takes money to make money.” You don’t have to be wealthy to invest, but you have to invest to be wealthier.


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