AdviceIQ Articles

  • Ebola and Travel Dreams

    The West African Ebola outbreak has made headlines. Should you be afraid of this hideous disease? I’m off for a trip to Africa: Should I be afraid? No and no. Unreasonable fear should not deter you from travel.

  • The Bull Market’s Longevity

    The stock market has enjoyed a virtually uninterrupted rally since the dismal days of 2009, following the financial crisis. So the market is overdue for a big pullback, right? History suggests otherwise. Huge bull markets happened in the wake of serious past crises, with stocks reaching levels that were unimaginable at the time.

  • Why You Need a Financial Coach

    Advisors are coaches who see your financial blind side. Even the best, market-savvy players can benefit from having an advisor.

    “You don’t know what you don’t know,” said Larry Light, editor-in-chief of personal finance site AdviceIQ, during a panel discussion for National Financial Advisor Week. He gave an example of how his advisor, Jim Ludwick of Main Street Financial Planning, got him into a free health-care program that he otherwise would probably never know he is eligible for.

  • Dating Money Talk

    One of the challenges at the beginning of a romantic relationship is having the conversation about money. What questions are OK to ask, and when? How do you bring the subject up without seeming like a braggart, a coldhearted miser, or someone looking for a meal ticket?

    There really ought to be some rules of etiquette for exploring this essential topic; something like, “by the third date, it’s appropriate to start undressing financially.” Unfortunately, we don’t have such guidelines.

  • ‘Made in the U.S.A.’ Again

    The extent of the U.S. manufacturing renaissance is little appreciated. New energy sources are one reason for the turnaround. There’s another factor at work, though: American workers are increasingly competitive with foreigners.

    The comeback of this country’s domestic production is not widely known. My wife Maureen and I were in our local mall recently when we overheard a couple of people in the Nike store discussing how nothing is made in America anymore.

  • Largest Wealth Shift Looms

    A huge amount of assets will move from baby boomers to their millennial offspring over the next decade, according to the chief of a leading investment firm during National Financial Advisor Week.

    “This will be the largest transfer of wealth in history,” said Nicholas Schorsch, executive director of the board of RCS Capital, who estimated the amount millennials will inherit at $30 trillion.

  • Biz Owners’ Succession Plans

    What happens to your business when you retire? Whether you pass it on to your child or sell it to support your retirement, you need a succession plan.

    Building a small business is somewhat like being a parent. You start with an infant enterprise that needs constant attention and often deprives you of sleep. You foster it through various stages of growth, including some rocky times, and help it stand on its own. Eventually, you may rely on it to carry on your legacy and take care of you financially.

  • Figuring Monthly Benefits

    Many people file for Social Security right at retirement and soon see a statement showing potential benefits at various stages of life. What if you don’t file at age 62 or 66? Here’s the math to compute your monthly benefit no matter when you file.

  • How Target Date Funds Miss

    Simplicity is the biggest advantages of target date funds. But simpler is not better. Many of these funds, designed to grow more conservative as investors age, still are too risky. And too often, they fall short as a financial planning tool because they don’t take into account individuals’ needs.

  • 10 Key Pre-Retirement Steps

    Retirement takes a lot of planning and decades of preparation. You’ve gathered assets, set up a home and perhaps raised children. Now is the time to enjoy all you have achieved. But as you move from the world of work into retirement, here are 10 key steps to take first.

    They are:

    1. Prepare a budget that takes into consideration typical monthly costs and your plan for big potential expenses (e.g., travel, home renovations, moving).


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