AdviceIQ Articles

  • Gurus - Are They Really?

    When a financial advisor or an author of financial books becomes well-known, investors may assume they can trust that person’s advice. This isn’t necessarily the case.

    Fame and quality don’t always go together. Recently, I was selected by an Internet community site called moneytips.com as one of their top 50 “social influencers.” This is a list of professionals in the areas of wealth and personal finance who use social media and other Internet tools effectively.

  • Staying Young in Retirement

    It’s no secret that the secret of staying young is keeping your mind active and engaged. But as a retiree, removed from the world of work and with loads of time on your hands at home, how do you do that, exactly?

    I have the pleasure of working with several people in their mid-70s, who are among the most interesting and engaging people I ever met.

    They stay young by keeping their mind and body busy. These people always think of new ways of keeping their interests fresh. I hope that as you get closer to retirement, you can do the same thing. Some tips:

  • The Economy and Inventories

    The economy has had a rollicking time this year, going from negative in the winter to positive in the spring. Why? Corporate monkeying with inventory levels is a big reason. But the large impact of this manipulation does not inspire confidence in the strength of the recovery.

    Surprises abound lately. After more than five years of mediocre economic growth and a first quarter of “negative growth,” the economy grew at a rate of 4% in 2014’s second quarter.

  • Luxury Purchases: A How-To

    What’s on your dream list? A yacht? A Lamborghini? Or a house in a summer resort? Well into your career and financially secure with extra money to spend, you now look for a treat, a reward for all the hard work of your youth. Advisors, however, have some important caveats for you when you plan to make such luxury purchases.

  • Setting the Right Goals

    The first step of successful investing is setting goals. Right goals. Having a long-term stable income for retirement is a right goal. Accumulating $1 million is not.

  • Cheap Canadian Drugs: Why?

    Drugs in Canada are cheaper than in America because our neighbors to the north impose price controls on them. Periodically, some U.S. politicians call for a similar system in this country. Bad idea: That would choke off innovation, which occurs here, not in Canada.

    The reason Canadians pay less is that U.S. drug makers, who develop the new treatments at great cost, can recoup their money in the American market. Canada gets a free ride when buying our drugs.

  • Dividing Nest Egg in Divorce

    Divorcing couples often face the need to split up some retirement account assets. There are  two ways to divide retirement money in a divorce, depending on the type of account: Qualified Domestic Relations Order (QDRO) and transfer incident to a divorce.

  • Avoiding Crisis After a Death

    Most women understand too well the odds that later life might find them alone financially. Among baby boomers, for example, an estimated seven out of 10 wives will outlive their husbands. If you’re one of these women, how do you prepare?

  • Economic Expansion Till 2016

    Given current trends, with an eye toward historical patterns, the economy likely will keep growing into 2016 – and the stock market with it. After that, look for much less robust results. Why? For one thing, the tailwinds of loose monetary policy will no longer be at our back.

  • Inspiring Biz Creativity

    Do you constantly strive to bring creativity into your company, or is it something you do only when you get around to it? I hope it’s the former, because the most innovative companies grow at a rate that is three times faster than the least innovative ones, according to consulting and accounting giant PricewaterhouseCoopers.

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