AdviceIQ Articles

  • Talking Money With Honey

    One of the most ticklish situations in a marriage is dealing with money – often because couples don’t talk about it, or if they do, not well. Advisors explored this fraught subject at National Financial Advisor Week.

    “Being compatible romantically does not mean being compatible financially,” said Hilary Hendershott, on a panel of advisors that dug into the issue.

  • Save ‘Enough’ for Retirement

    Your looming retirement can change your idea of just how much money you need to save for your later years. Most important: be realistic and avoid common planning pitfalls.

    “‘What’s money mean to you?’ gives most people pause,” said Eric Hutchinson, president of Hutchinson Financial in Little Rock and Bentonville, Ark., and in Texarkana, Texas, speaking at a recent advisory panel. “Most people [say] they don’t want a whole bunch of money; they want ‘enough.’ They begin to use words like ‘comfort’ and ‘peace of mind.’”

  • College Savings: Before You Go

    Saving for the ever-rising college tuition is tough for most parents. While you focus on funding a 529 savings account, you may forget the most important piece of the planning puzzle: your children.

  • Couples Merging Finances

    When a couple weds, each in the new pair often feels pressure to marry individual finances together as well. Smart financial planning actually dictates that you don’t have to – and in many cases shouldn’t – put all your money into a single, joint account. You can enjoy both cooperation and autonomy in your financial marriage.

  • The Long Bond Rally Lives On

    For the past five years, prognosticators, legendary fund managers and other savants have predicted the end of the incredible 30-year bull market in U.S. Treasury bonds. Odds are, though, that it won’t stop soon, thanks to Treasuries’ status as a refuge in a turbulent world and the Federal Reserve’s ongoing interest in avoiding an economy-jolting rate shock.

    Whether that’s a good thing is another question. What’s for sure is that reversing the momentum of a longstanding trend of lower bond yields is not easy.

  • Divorce and Elder-Care Bills

    A confluence of circumstances can conspire against marriage amongst older couples: longevity, soaring elder-care costs and a lack of long-term care (LTC) insurance. Divorce, even if painful, may hurt less than living in near poverty until Medicaid finally kicks in to cover an ill spouse.

    Medicare insurance only covers up to 100 days of nursing care. If you or your spouse need nursing or LTC, you either pay out of pocket until your assets fall below a low threshold or tap your LTC insurance.

  • The Feel-Good Shopper

    While shopping can make you happy for a while, it has the potential to hurt your financial future in the long run. What is ominous is that half of Americans shop to feel better.

    “It’s not just shopping, it’s retail therapy.” As a bumper sticker or a joke between friends, this may be amusing. But if shopping is a significant way to relieve stress, the expression isn’t so funny.

  • Feel Richer Lately?

    Bet you don’t feel richer lately. That’s because you’re not, say some co-called experts. What’s the real danger of this?

    According to the Federal Reserve’s latest report regarding consumer finances, unless you are among the richest 10% of the population your median income stayed stagnant from 2010 to 2013. The Fed also states that not only did income drop for every other group, the gap widened between the richest and us common folk.

  • Planning Beyond Investing

    Financial advisors can reach far beyond a portfolio and investments. Most people have no idea that advisors can assist with matters as diverse as estate plans and insurance, to ensuring you invest with your head and not always your heart.

    “Emotions will overcome economic considerations every time,” said Tim Maurer, wealth advisor with Buckingham Asset Management and director of personal finance for the BAM ALLIANCE, speaking on a recent advisory panel.

  • Leaving IRA $ to Charity

    Bequeathing some assets to your favorite charity, rather than leaving it to your heirs, can spare them potential tax headaches and help a needy cause in times of tight budgets. Before you donate, though, think how your heirs might react and do your homework on the charity itself.


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