Advice from financial experts are as varied as the types of investments they suggest -- and all too often, few pay attention to the tax consequences when making their recommendations. This week, I'll cover the pros and cons of common investment advice for tax-advantaged accounts.

Studies on managed mutual funds show that less than 20% regularly beat unmanaged benchmark indexes. So why pay money-management expenses that can average 1.5% to 2.0% for performance that rarely beats the benchmark? The easiest way to guarantee performance over the long-term is to keep your investment expenses contained.

A soon-to-be-released study shows that women and men approach financial decision-making differently, in part because of their brain function. The data suggest that differences in financial choices between the genders may not be solely to do the disparate ways boys and girls are raised – a common explanation.

The stock market is nearly double its level of March 2009, with the Dow Jones Industrial Average returning to highs not seen since the Dot-Com bubble. Investors seem upbeat and encouraged about the outlook for the U.S. economy for the first time in years. Still, not everyone is in on the fun -- and some are wondering whether they can still join in on the festivities. Is it too late? Hard to say, but here are some investments to limit your risk either way.