AdviceIQ Articles

  • 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:

  • 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.

  • Riches: Knowing When to Stop

    My father often echoed the saying, “I’ve been rich and I’ve been poor, and I like rich better.” Sounds simple. But how do you get rich in the first place? What is rich?

    Believing my father, I thought I’d know rich when I got there. I don’t. The longer I help people with retirement, investments, future planning and the like, the more I realize “rich” has no easy definition.

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