AdviceIQ Articles

  • Do Something About a Will

    Despite years of warning from everybody including the major media and close relatives, people still resist formally arranging for financial and other affairs after death – often eventually leaving the ones they loved in a legalistic tangle right when they’re most vulnerable. Surveys show that more than two-thirds of American adults lack a will.

  • Stock Picking vs. Diversification

    At the beginning of every season, sportscasters often forecast who will triumph. They usually are wrong. Stock pickers are no better. With stocks, though, you can back a whole bunch of teams at once. That’s called diversification, and it has a pretty good record.

    The professional talking heads on radio and television base their team predictions on evidence, but they are ultimately just guesses.  Their often-misguided guesses do not cost them anything. Rarely is a sportscaster fired for a false World Series prophecy.

  • Confusion About Social Security

    Why are Social Security retirement benefits so confusing? Consider the rules on claiming Social Security benefits based on your ex-spouse’s entitlement. They are daunting.

  • Save More Tomorrow, Not Today

    Should younger investors start saving right away, in hopes of building a decent nest egg for their retirement, decades hence? Not necessarily. Planning to save their future raises instead may be a viable choice for them, but only if they seriously commit themselves to putting money away in the future.

  • Is College Worth It? Yes

    A four-year degree at a decent school is extremely expensive, and some influential people doubt that it’s worthwhile. However, education still improves your earning potential and, yes, improves you as a person.

  • The Sure-Thing Investment

    Promises of sure-thing investments never go out of style. With interest rates low and the stock market occasionally volatile today, they retain their malignant allure.

    Investors like sure things, which are hard to find in an unpredictable and constantly changing world. Generating positive returns above inflation and taxation implies risk in one form or another. Appealing to the need for security in an investor’s psyche, false prophets and false profits are the hallmark of rascals ranging from Charles Ponzi to Bernard Madoff.

  • Are You Ready for a Baby?

    If you and your spouse are ready to have a child, first determine whether you are financially fit to bring a newborn into the world. Very few couples understand the financial responsibility of having a child. Not only is delivering the baby expensive, but there are other expenditures that you need to consider, such as saving for college education.

    Most health plans cover pregnancy-related doctor’s visits, including the delivery. But if you lack coverage, you could face huge costs. How expensive is it to give birth?

  • 5 Downsides to ETFs

    Exchange-traded funds are the hot investment choice nowadays. But before you buy, know that these vehicles have downsides, too.

  • Finance and Pop Culture

    Growing up, I watched a lot of TV and movies, and surprisingly, gleaned financial wisdom from them. It’s fun to note the hidden money lessons that we can learn from some of our favorite movies and TV shows.

    Below are some basic, yet critical, insights that we can take away from popular culture quotes.

  • Teaching Preteens Money

    When you teach your preteen children about money, you give them more responsibility, which means they can handle larger amounts when they start working or managing college expenses. This is the time to really teach them about paying bills, saving and spending.


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