AdviceIQ Articles

  • Gurus’ Advice: Be Skeptical

    Many financial celebrities, like Dave Ramsey, hand out advice for an audience of millions that rarely applies to a real person. Instead of following their one-size-fits-all rules, you should make decisions based on your unique situation.

    I’m not saying you should disregard what Dave or any of the other financial gurus out there has to say. What I am saying is that we need to take their advice with a grain of salt.

  • Safeguarding Your Digital Info

    What happens to all your online accounts when you pass away? In this age where we manage all financial matters online, a digital control plan with a list of accounts and passwords saves your loved ones unnecessary hassles.

    My best friend died two years ago. I still miss him. We had a mutual pact. I had a sealed envelope and an encrypted hard drive in my friend’s gun safe eight miles away from my home office. He had a sealed envelope in my safe in my garage.

  • Apple, High-Flying Value Stock

    It’s not every day that a hot tech stock is also a value play. Apple, the highest market value company in the world (a distinction it trades with Exxon Mobil), has that distinction. And even though some worry that this innovation mill will peter out now that founder Steve Jobs is dead, there’s ample evidence that what was once known as Apple Computer still has its mojo.

  • Goals Trump Beating Market

    When you want to evaluate your investment returns, what do you compare them with? Those of friends and neighbors? The latest market trend? To fairly assess how your investments perform, you look at your goals.

    Now that summer is well along, stocks have pushed well beyond a five-year bull market run. You hear people talk at company picnics, club get-togethers or family events about how well their stocks do. The more successful the stories you hear, the more you feel like you’re falling behind even given occasional down days on Wall Street.

  • Need More Home Coverage?

    Whether you rent or own your home, you need insurance to help rebuild if fire, tornado, hurricane or other disasters hit you. But what happens to replace your stamp collection after a flood or your Hummel figurines if your house blows away?

  • How to Hedge for Inflation

    No investment can perfectly hedge inflation, but placing some protection against inflation in your portfolio is still possible. Your best bets are short-term Treasury Inflation Protected Securities and commodities.

    When evaluating whether an asset class effectively protects against inflation, we examine the correlation between the returns and inflation. The stronger the correlation is, the better inflation protection the asset provides.

  • What to Do With an Old 401(k)

    It’s a question my clients ask me all the time: “What should I do with my old 401(k)?” When you change jobs, you can keep your 401(k) where it is, or roll it to other accounts.

    Let’s examine your choices:

    Roll your 401(k) to an individual retirement account is usually the default option I recommend to clients. Flexibility is the primary reason.

  • Credible Customer Service

    If earning your customers’ trust is not your top concern, your business can’t thrive. How your employees behave, how much they identify with customers and how they rectify problems are the keys.

    I’ve complained for a long time about the lack of good customer service. Too often, I do business with a company, only to be sorely disappointed. If your customers do not believe you will satisfy their needs, how can you expect repeat buyers?

  • Prozac Nation, Street Version

    It’s all stress-free bliss these days, at least for anyone who’s not paying attention. Downdrafts, like the one in early July, are brief. Wall Street sees nothing really bad on the horizon. It should, like when today’s low interest rates rise, for instance.

  • Estate Planning: Start Young

    As graduation season fades and high summer begins, many parents and recent graduates think about finances and the future. Too many forget about estate planning for young adults, a key tool to prepare for medical and financial emergencies.

    Let’s answer some common questions on this vital subject:


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