Mullooly Asset Management: Recent Episodes
Mullooly Asset Management
3500 Exchange Traded Funds Key Takeaways: ETFs track indices, which have rules for including and excluding companies based on investment objectives The number of ETFs has grown significantly, from about 1,300 in 2014 to 3500 Exchange Traded Funds in 2024 Total assets in US ETFs have increased from under $2 trillion in 2015 to nearly […]
Fed Rate Cuts, the Yield Curve, Social Security Too In this episode of the Mullooly Asset Video and Podcast, the team experiments using Squadcast to record their session. The discussion centers on the upcoming Federal Reserve meeting and the potential interest rate cuts of either 25 or 50 basis points. They analyze historical rate cuts […]
What if a sudden surge in small cap stocks could reshape your investment strategy? Join Tim, Brendan, and Tom Mullooly on episode 482 of the Mullooly Asset Management Podcast as we navigate the recent 11.5% rise in the Russell 2000 index, a rare occurrence seen just 32 times since 1990. This episode uncovers the significance of such unexpected movements, especially amidst the stagnation of the S&P 500 and NASDAQ, and emphasizes why diversification remains crucial for a balanced portfolio. Drawing on insights from Datatrek Research and Nobel laureate Daniel Kahneman, we explore the unpredictable nature of markets and the importance of staying diversified.
As we wrap up this insightful discussion, we remind our listeners that the perspectives shared are meant to educate and inform, not dictate investment choices. The opinions expressed are personal and may not necessarily represent the views of Mullooly Asset Management. Make sure to catch our next episode for more valuable financial insights and strategies to help you navigate the ever-evolving market landscape. Stay tuned and stay informed!
Can actively managed ETFs that use derivatives really offer the perfect balance of income generation and market protection, or do they come with hidden risks that could jeopardize your investments? This week, we explore the emerging world of these high-stakes financial products, which have attracted a staggering $31 billion in just one year. We'll share personal stories and hard-learned lessons, stressing why thorough research and caution are crucial before diving into such complex strategies. While these ETFs seem to be tailored for current market demands, they might not be suitable for everyone or adaptable to future conditions.
In our deep dive into risk management strategies, we dissect the mechanics of buffer funds and their role in smoothing out market volatility. You'll learn how these products trade off downside protection for capped upside returns and why understanding this dynamic is essential for long-term success. We'll connect the dots from the 2008 financial crisis to present-day sentiments and discuss how upcoming events, like elections, could sway investor behavior. Our goal is to equip you with the knowledge needed to make informed decisions and understand the full implications of incorporating these financial tools into your investment portfolio.
Could rising tax penalties derail your retirement plans? Join us in this episode as we tackle the significant rise in tax penalties facing millions of filers and uncover the reasons behind this surge. We’ll unpack the intricacies of tax withholding and the importance of quarterly estimates, especially as you transition into retirement. With a focus on healthcare and insurance, we emphasize the critical need for thorough planning to safeguard your financial future.
We also explore the impact of rising interest rates and the resulting increase in taxable interest income from bank accounts and CDs. Learn how to manage this newfound taxable income and avoid penalties through careful planning. We delve into the complexities of "phantom income" from reinvested dividends and the challenges of capital gains management. By comparing brokerage assets and retirement accounts, we highlight the necessity of understanding different tax treatments to optimize retirement planning and income management.
Navigating retirement account distributions and understanding tax withholdings from various income sources, such as pensions, annuities, Social Security, and capital gains, can be daunting. We discuss how to coordinate these income streams to avoid underpayment penalties and benefit from a comprehensive financial overview. For self-employed individuals, LLC owners, and those with mixed income sources, we emphasize the importance of meticulous tax planning to ensure accurate withholdings. Lastly, Tom Malooly provides valuable insights into investment strategies, highlighting the importance of personalized financial advice to help you make informed decisions tailored to your unique needs and circumstances.
Can you really afford to put all your eggs in one basket? Tim and Brendan Malooly join me to dismantle the myth that US large-cap growth stocks are the only game in town. We're tackling the misconception that the classic 60-40 portfolio is obsolete, shedding light on the recent performances of bonds and other stock categories that prove the enduring power of diversification. We also take a deep dive into the dangers of momentum investing and the misguided excitement around recent winners like NVIDIA and T-bills.
Are you chasing the latest market trends? We explore the cyclical nature of asset class performance, using commodities and tech stocks from 2022 to 2024 as prime examples. With Brendan and Tim, we stress the importance of a long-term perspective and the crucial role advisors play in guiding clients through volatile markets with historical insight. Chasing short-term gains often leads to disappointment, and we highlight why a steady, diversified approach is your best bet for financial stability.
Long-term success in investing isn't measured in days—it's measured in decades. We reflect on the realities of timing market decisions and the importance of continually evaluating your investment strategies. We call out the financial media’s impact on investor behavior and stress the benefits of maintaining a diversified portfolio to mitigate market unpredictability. With the right mindset and a balanced approach, diversification ensures you're prepared for both the highs and lows of the market. Join us for this insightful episode, where we lay bare the real challenges and rewards of long-term investing.
What if the Federal Reserve isn't planning to cut interest rates as soon as the market anticipates? Join me, Tom Malooly from Malooly Asset Management, on our latest episode recorded on June 13th, 2024, where we unpack the latest Consumer Price Index (CPI) and Producer Price Index (PPI) reports that indicate a slowing pace of inflation. We dive into the outcomes of the Federal Reserve's recent meeting, exploring Chairman Jerome Powell's emphasis on the necessity of sustained lower inflation and a weaker job market before any rate cuts are considered. With jobless claims experiencing a slight uptick, we delve into the potential repercussions on the broader economy and why a single rate cut in 2024 is gaining consensus.
Expect a critical examination of the Federal Reserve's strategy to achieve its 2% inflation target, including the likely market responses if rate cuts don't materialize immediately. We discuss why the Fed might choose to wait for consistent inflation data over several months before making any moves, despite market pressures. This episode offers insights into why the current economic landscape doesn't justify immediate rate cuts and why sticking to your investment strategy is crucial for economic stability. As we look ahead to a promising latter half of 2024 and into 2025, we provide a balanced perspective on maintaining optimism and steady investment strategies amidst these economic developments.
Discover the Federal Reserve's latest strategic moves as we unpack Chairman Powell's firm stance against interest rate hikes and how it directly impacts your wallet.
We cite financial commentator Callie Cox - her expertise helps to shed light on what steady rates mean for consumer loan rates, from mortgages to auto loans. Her sharp analysis on Twitter becomes the cornerstone of our discussion, providing valuable insights into the economic indicators that are shaping our financial landscape.
Gain clarity on the specter of stagflation, a term that's been looming over economic conversations for decades. We trace its origins back to British politician Ian McLeod and contrast it with today's economic climate, using Powell's own words to dissect why this phenomenon is not an immediate threat. As the presidential election approaches, we also explore the historical patterns of the Fed's actions around such political events, and forecast what to expect from upcoming meetings. Tune in for an essential briefing on how the Fed's decisions could influence the economy's trajectory and what that means for you.
Discover the secrets to mastering your cash flow, no matter the size of your paycheck. As your guide through the tangled web of personal finance, I, Tom Malooly, reveal how two couples with identical incomes can live dramatically different financial lives. Step into the contrasting worlds of our real-life examples – no names, just hard-hitting facts – where one couple saves nearly $5,500 monthly while the other barely scrapes together $1,000. It's a tale of budgeting, saving, and the divergent paths our financial choices carve out for us.
This episode unpacks the nuanced relationship between our monthly expenses, the ability to invest, and the risk we can afford to take on. You'll get an insider's look into why a couple with more breathing room in their budget can play the long game with their investments, while another might need to keep things liquid for life's unexpected expenses. If you're looking to tailor your financial plan to fit your life choices and goals, join me as I lay out the blueprint for aligning your income, expenses, and investment strategies to build the future you envision.
Unlock the secrets to maximizing your Social Security benefits with the guidance of JP Morgan's treasure trove of insights! Brendan and I dissect the Social Security Breakeven Point Chart in a way that will forever change how you think about your golden years. From the earliest claim at age 62 to the strategic patience of waiting until 70, we examine the complex dance between monthly payouts, longevity, and the broader picture of your financial portfolio. Whether you're pondering the best age to claim benefits for maximum financial security, or you're concerned about preserving wealth for your heirs, this episode promises to equip you with the knowledge to make an informed decision that resonates with your personal financial landscape.
As we navigate the sophisticated world of Social Security, we also tackle the often-overlooked tax implications of your claiming strategy. With Brendan's expertise, we dissect the nuances of marginal versus effective tax rates, the ramifications of required minimum distributions starting at age 73, and the critical importance of understanding how these factors intertwine with your benefit claim timing. This isn't just a conversation—it's a roadmap to leveraging Social Security to protect your investment portfolio and ensure a future that shines as brightly as your past. Tune in to this pivotal episode, and make the irreversible decision to start your Social Security benefits one you'll look back on with confidence.
Step back into 1979 with us, as we unearth the decisive steps taken by Federal Reserve Chairman Paul Volcker to tame the rampant inflation that threatened to unhinge the U.S. economy. Our narrative weaves through the socio-economic tapestry of the Vietnam War, the ambitious Great Society programs, and the tumultuous energy crises that culminated in a secret Federal Reserve meeting, igniting a financial revolution. This is a tale of high stakes and bold decisions, where the echoes of Volcker's unyielding commitment to curbing inflation resonate through the corridors of economic history, shaping the prosperity of subsequent decades.
Shifting gears, we move into the realm of investment management, inviting you to engage with a discussion that bridges the past with the present. Your candor and insights are what make this conversation thrive, and we're grateful for the richness they add to our collective understanding. As we navigate through the intricacies of financial decision-making, our aim is to empower and enlighten, fostering a dialogue that benefits us all. Join the discourse, share your perspectives, and become an integral part of our journey through the captivating world of economics and investment.
Unlock the wisdom of investment legend Charlie Munger as we explore his transformative influence on Warren Buffett and the investing world at large. Witness the powerful shift from 'cigar butt investing' to the pursuit of 'wonderful businesses at fair prices,' a principle that rocketed Berkshire Hathaway to unprecedented heights. Join us for a riveting discussion that dives into the heart of investment strategy, simplicity versus complexity, and the profound impact of high school algebra on the world of finance.
Are you tired of wading through the murky waters of financial products, dense with jargon and hidden fees? You're not alone. In this revealing episode, we pull back the curtain on the opaque world of complex investment vehicles to spotlight the elegance of simplicity in growing your wealth. From my inbox to your ears, we'll dissect real-life examples of the convoluted offerings that cloud the industry and share how to steer clear of them, armed with Munger's invaluable insights and a commitment to keeping your investment strategy straightforward and successful.
Uncover the mysteries of February's financial turbulence as I, Tom Malouli, guide you through the stormy seas of market volatility and inflation. This episode promises a deep understanding of the undercurrents that rock our investments and how historical patterns can forecast potential downturns. I delve into why February is the Achilles' heel of the robust November-April period and dissect the implications of the latest Consumer Price Index report—with a focus on Wall Street's reactions and the Federal Reserve's methodical handling of interest rate adjustments. It's a journey into the heart of financial forecasting, where I share insights that could enrich your portfolio and prepare you for the waves ahead.
In the concluding chapter of our episode, the Malouli Asset Management Podcast wraps up its 472nd session with a treasure trove of knowledge from industry experts. Drawing from our engaging discussions, I offer personal reflections on the art of asset management, providing context and strategy to inform your investment blueprint. Stay tuned for our next installment, where we continue to chart the course through the investment landscape, equipping you with the knowledge to make calculated decisions amidst the complexities of the market. Join me as we prepare to navigate tomorrow's opportunities with the wisdom of today's financial mavens.
Unlock the mystery of the Federal Reserve's unyielding stance on interest rates with us, as we tackle the complexities of an economy where high-flying GDP numbers don't necessarily mean more money in your pocket. In a whirlwind tour through the latest economic developments, we dissect the Fed's rationale for maintaining higher rates post-July 2023, in the face of cooling inflation and a robust economy. It's not just a game of numbers; it's about grasping the nuanced impact on your wallet, as a strong GDP fails to echo the realities of diminishing real income for many.
Venture further with us into the financial fray where we juxtapose cheering GDP reports against the sobering swell of the federal deficit. As Wall Street navigates through the treacherous waters of earnings seasons and corporate forecasts, we analyze the dance of the stock market, swayed by the rhythm of interest rates and the looming anticipation of political shifts. No stone is left unturned, as we piece together the macroeconomic puzzle with the microeconomic intricacies to arm you, the investor, with a well-rounded strategy suited for the unpredictable economic waves ahead.
Ever wondered how a single statement from the Federal Reserve can send shockwaves through the financial markets? That's exactly what we're unpacking in this episode as we scrutinize the Fed's latest move to hold interest rates steady and the subsequent market tremors. Join us as Chairman J Powell's press conference is dissected, providing insight into the Fed's delicate balancing act between economic stability and inflation. We take you through the historic evolution of the Fed's communication, revealing how the art of reading between the lines could forecast future rate cuts. With an economy in flux, we dig into the nuances of decreased rent costs and their potential effect on inflation trends, all while Powell tiptoes around confirming a soft landing.
Then, we shift gears to the ripple effects felt by New York Community Bank after its Q4 earnings reveal a significant loss and dividend cut. We tackle the tough questions: What does NYCB's recent acquisition spree signify for its future and how does its predominantly residential loan focus fare amidst other banks' commercial real estate woes? Listen as we connect the dots between the Fed's cautious rhetoric, a turbulent stock market, and the broader implications of past bank failures. With a narrative that intertwines monetary policy and market reactions, this episode is a treasure trove for those seeking to understand the complex dance of economic forces at play.
Ever wondered why your tax bill feels like a punch in the gut, leaving you questioning whether it's time to fire your accountant? Hold that thought; the culprit could be closer to home. In a no-holds-barred chat, we unravel the knotty world of tax returns, debunking the myths that lead to misplaced blame. From the real deal on tax preparation fees (think beyond the cost of a fancy dinner) to getting schooled on the IRS's free filing service, we've got your back. Discover the hidden gems of resources for cost-conscious taxpayers, like IRS Free File, VITA, and TCE programs, and why knowing the difference between gross and adjusted gross incomes is your new power play.
Switching lanes to the investment highway, Episode 469 takes you on a rollercoaster ride through the latest investment craze. I'll be serving up my two cents on the matter, painting a picture of its current momentum and the room it has to grow. But before you leap onto the bandwagon, I'm here to remind you to keep those excitement levels in check and do the homework. While I'm dishing out these personal nuggets of wisdom, remember, they're just that – personal. They don't come from Malouli Asset Management's playbook. So buckle up, get your notepad ready, and join us for a journey through the financial landscape that promises to both enlighten and challenge your wallet's future.
Embark on a journey with me, Tom Mullooly, and discover the surprising truth behind the financial industry's approach to client relationships. As someone who's navigated the murky shift from broker to fee-only investment advisor, I'll unfold the story of how the Department of Labor's fiduciary rule is reshaping the responsibilities of financial professionals. You'll be shocked to find that the priority of client interest isn't a given in the world of investment advice. During our talk, we expose the hesitancy of brokerage firms to fully adopt a fiduciary mindset, largely driven by the fear of legal repercussions, and how fee transparency could be the game-changer this debate needs.
In a landscape peppered with complex fees and questionable rollover practices, I put the spotlight on the ominous presence of "junk fees" and how they impact your investments. We scrutinize the concerning trend of transferring 401(k) funds into IRAs and subsequently into annuities—a maneuver often muddled in economic value and lacking in clarity for the unsuspecting investor. This episode is not just a deep-dive into the nitty-gritty of financial advisory—it's a clarion call championing the need for unambiguous fee disclosure and the adoption of a genuine fiduciary standard, echoing the recent support from the political realm. Tune in for an enlightening session that promises to arm you with the knowledge to navigate the opaque waters of investment advice.
Ever wondered if snagging the lowest mortgage interest rate is always a silver bullet for homeowners?
Join me, Tom Mullooly, as we unravel a Twitter tale that serves as a stark reminder that the allure of low rates can sometimes lead to financial quicksand. In a narrative that could rattle any homeowner, we dissect the harrowing journey of a couple who, lured by a 10-year mortgage at an irresistible 1.875%, now face the grim possibility of forfeiting their home.
The crunch of high monthly payments against diminishing business income paints a vivid picture of their struggle. Simultaneously, we explore the wisdom in opting for longer-term loans, not just for breathing room but also for the underrated advantage of making additional payments when times are good—strategies that could be your financial lifeline.
Tom delivers an indispensable disclaimer clarifying that our probing discussions and financial musings are our own and not indicative of his firm's stance. This episode is a treasure trove of insights for listeners seeking to navigate the treacherous tides of mortgage decisions, underscored by a commitment to transparency—highlighting our personal investments that may intersect with the topics at hand. By the end of our exchange, you'll be armed with a fortified understanding of mortgage dynamics and the sagacity to manage debt with finesse.
Reconsider everything you've been told about borrowing from your future! In a riveting exploration of the often-endorsed 401K loans, Tom and I dissect a sponsored article by Principal Financial Group, challenging the sugarcoated narrative that these loans are a safe financial bet. The episode peels back the layers of this contentious subject, revealing the hidden truths and the pressing need for a robust financial safety net. We're debunking popular myths and emphasizing the potential dangers and long-term repercussions of tapping into retirement funds prematurely. This isn't your typical financial advice podcast; we're here to arm you with the critical thinking skills needed to question the status quo and make informed decisions about your financial well-being.
In this critical conversation, we address the stark reality faced by the average 401K loan borrower and the underestimated risks of such decisions. Consequences of defaulting on these loans aren't just figures on a balance sheet—they can have profound effects on both employees and employers, leading to a cascade of financial woes. As Tom Malouli, investment advisor representative with Malouli Asset Management, I remind our listeners that the insights in episode 466 are shared to spark personal reflection and should not be misconstrued as direct advice from Malouli Asset Management. We're here to provide clarity and thought-provoking content to help guide you through your financial journey with eyes wide open. Join us for an honest and unfiltered examination of 401K loans that promises to leave you better equipped to navigate your fiscal future.
Are you ready to dissect the economy's vital signs? We promise to take you on a deep dive into the economy's pulse, examining indicators that shape the economic landscape. The recent Federal Reserve announcement has caused a shift in the market, signaling the end of their interest rate hike cycle. We broaden the perspective with a talk on the inverted yield curve, housing starts, car sales, and the sudden surge in excavator equipment sales. Peek into the construction industry's health through this unexpected indicator and gain insights into the future economic outlook.
Ever wondered the dynamics between earnings growth, interest rates, and stock prices? We navigate this intricate relationship and discuss how steady earnings growth contributes to a stable economy. Discover the current inflation status through the consumer price index's lens and grasp the influence of rent prices on inflation. Ending on a note of caution, we discuss the Federal Reserve's decision to halt interest rates increase. Yet, don't be too quick to expect a decrease, and we'll tell you why. Tune in for an intriguing dialogue on the economic climate and its potential ripple effects on the future.
Caught in the retirement vortex while trying to navigate college costs, emergency savings, and caring for older family members? We're here to help. Today, we're unpacking the findings of Goldman Sachs' recent retirement survey and Insights Report to provide insights on the financial challenges many Americans face as they approach retirement. We question if these challenges have worsened over time or if our mindset towards retirement has taken a darker turn. But don't fret, we'll also be sharing strategies on prioritizing your finances and assessing your retirement readiness.
Financial literacy can be your saving grace in turbulent times. Did you know 36% of people don't have three months of expenses saved for emergencies? We discuss the importance of having an emergency fund, the right places to stash your cash, and how to manage unexpected events that can shake your financial plans. We also explore the role of employers in retirement planning and emphasize the need for active personal involvement in financial planning. Join us as we navigate through these topics to help you plan for a stable and secure future.
What if you could shield your hard-earned assets from the costly implications of long-term care? What if you no longer had to worry about the dreaded five-year look back window while applying for Medicaid? That's exactly what we're unpacking in episode number 463. We use the real-life example of Mrs. O'Malley, an 82-year-old woman striving to protect her home, to demonstrate the advantages of transferring assets into an irrevocable trust. We emphasize the might of legal advice in this process and highlight the boons of an irrevocable trust, such as the ability to downsize without resetting the infamous five-year countdown.
We also take a deep dive into the varied types of long-term care services in New Jersey, their respective costs, and the potential fallout of transferring assets prematurely before applying for Medicaid. Discover the value of written care contracts with family members, the role of annuities in Medicaid computations, and the exceptions for transferring assets to a spouse or disabled child. This episode is brimming with practical advice and vital information for anyone considering their long-term care options in New Jersey. Buckle up and get ready to arm yourself with the knowledge you need to approach your future with confidence.
Ready to crack the code on some of the most perplexing questions in investing? We're about to take a deep-dive into the captivating world of stocks, Treasury bills, bond yields, and interest rates. Prepare to challenge the status quo as we probe whether it's worth risking money in stocks when Treasury bills yield 5%. We'll weigh the impact of inflation on this intriguing decision and stack up the historical returns of stocks against T-bills. Stay with us as we scrutinize the pros and cons of locking in good bond yields and making money when interest rates fall. We assess the pulse of the Federal Reserve, reminiscing their past rate increase while anticipating their future maneuvers. Our conversation wouldn't be complete without a candid chat on market timing and the potential risks it carries.
Transitioning into the current state of the market and economy, we explore the unpredictable nature of markets and debunk the anticipated recession predictions. We address your concerns about consumer debt and the impending election, assuring you that our economy is robust and resilient. Tune in as we furnish you with compelling statistics and historical data that will empower your discussions with family and friends during the holiday season. This episode is a blend of in-depth analysis, insightful discussion, and practical advice that will equip you for your investment journey. Let's demystify these complex topics together!
Ever feel overwhelmed by the gravity of tackling debt? What if we told you it doesn't have to be as daunting as it seems? Drawing from expert insights and our rich experiences at Malouli Asset Management, we offer a fresh perspective on how to manage and reduce debt without resorting to drastic measures. We reference an enlightening Bloomberg article by Carl Smith, which makes the case for leveraging economic growth to keep debt under control, and we also share tactics to help individuals regain control of their finances.
We then traverse back to the post-World War II era, a time when the US successfully reduced its debt-to-GDP ratio from an astounding 120% to a more manageable 73% primarily through flourishing economic growth, not austerity measures. Could we adopt a similar approach in our current climate? We explore this question and its potential implications. On a personal level, we recognize that eliminating debt is a significant hurdle, hence we break it down into manageable steps and offer practical advice on budgeting, avoiding lifestyle inflation, and maintaining a sustainable standard of living en route to financial freedom. We hope this discussion will empower you to face your financial challenges head on and find a path towards financial stability.
What might you not know about profit margins, earnings, and the economic sentiment that you absolutely should? Get ready for a profound discussion as we break down Ryan Dietrich's intriguing article, 10 Things You Might Not Know, But Should. We unravel the mystery behind rising profit margins, putting a spotlight on the shifting focus of tech behemoths from income growth to profitability. Delve into the world of earnings and the crafty play of managing expectations to boost future earnings beats. Fascinated by Meta and Facebook's stock growth despite a few earnings misses? Stick around as we unfold the impact of these earnings reports.
Ever wondered why sentiment surveys of manufacturing might not be painting the accurate picture? Join us as we dig deeper into this conundrum, contrasting strong economic indicators with the public perception of an impending doom. As we dissect the third quarter of 2023 and the latest GDP report, we expose the manipulation in media narratives aimed at clickbait. Don't miss out as we demystify the average drawdown of recessions and why panic can massively inflate it. Finally, we round off with a worthwhile lesson about the natural ups and downs of the business cycle, preaching preparedness over panic. After all, stocks can dip lower but they can also rise higher!
Could rising interest rates spell the end for the 60/40 portfolio? Let's find out! This episode promises an in-depth exploration of the 60/40 portfolio in light of the current financial landscape. Join Tom and me, your hosts, as we dissect the fluctuating state of the portfolio in the face of rising interest rates. We pull apart an article from the Wall Street Journal that questions the viability of the 'set it and forget it' strategy. We also delve into the importance of understanding your stock and bond investments, and how the portfolio can be tailored to suit various investment types.
But what happens when bond yields change? We dig deep into this subject, illuminating the potential impacts on your stock portfolio. We delve into the critical role of liquidity and correct portfolio allocation in achieving your target returns, along with an exploration of historical market returns and their impact on stock prices. We also take a critical look at the 60/40 portfolio's future - will it hold up in 2022 and beyond? Tune in for a robust discussion that might just reshape your investment strategies. Be prepared to reassess!
What would you do if you discovered that an investment option you've been considering has its pitfalls, and the full implications may not be entirely clear to you? Well, buckle up as my brother Tim and I navigate the intricate landscape of annuities. We're scrutinizing and debunking common misconceptions, like the widespread belief that annuitizing the contract doesn't involve giving up the asset. We're also shedding light on surrender periods, the fees associated with annuitizing the contract, and the harsh reality of market shifts.
Ever wondered about the costs of surrendering a contract? Curious about how brokers' incentive structures work? We've got you covered. We're diving into the nitty-gritty of surrender costs and exploring the mechanisms of broker compensation. But there's more: we're also unveiling the often-obscured tax ramifications of withdrawing funds from an annuity. We're comparing ordinary income tax rates on annuity distributions to long term capital gains tax rates - a comparison that could dramatically affect your perspective on investing in annuities. To top it all off, we're posing a provocative question: is it really a wise decision to put a tax-deferred investment into a tax-deferred account? With this episode, you're guaranteed to gain a deeper understanding of annuities, and navigate their potential pitfalls with confidence.
Ready for a deep-dive into the complex world of social security benefits and retirement planning? Brace yourselves as Brendan and Casey unravel the nuances of social security, Medicare and more.
We'll be discussing the cost of living adjustment (COLA) - a critical aspect designed to keep up with inflation, and we’ll be comparing the 2024 COLA set at 3.2% with the average COLA of 2.3%. We'll also explore how recent inflationary spikes have prompted individuals to rethink their retirement strategies – a silver lining, perhaps, in these challenging times.
The discussion doesn't end with the COLA update; the guys dive into the trends of people claiming social security benefits early. Curious about how these patterns have evolved? Stick around as we explore how factors like life expectancy, better education about waiting for benefits, and earnings limit influence these decisions.
We'll also illustrate the link between claiming social security benefits and enrolling in Medicare Part A and navigate the tricky waters of healthcare expenses in retirement planning.
In addition, we’ll share some golden nuggets on maintaining a low taxable income, with essential tips on diversifying your savings streams and the strategic use of 401k and brokerage accounts. So come join us for this comprehensive guide on maximizing your social security benefits.
Should you claim Social Security early to maximize the amount of time you receive benefits? Or should you delay taking it for as long as possible to maximize the amount of money you receive each month?
Join us, as Tom, Tim and Casey dissect the critical variables surrounding Social Security decisions. From exploring the optimal claiming age to balancing the retirement equation, they break down the myriad of elements influencing these pivotal financial milestones.
The guys don't shy away from the gritty numbers and what they might mean for you. With a hypothetical individual living to a 100 as a case study, we illuminate the stark difference that claiming at age 62 versus 70 can make. But is the payoff worth the wait? They dissect that too, alongside other strategies for claiming and tax implications to watch out for. Remember, knowing your goals and beliefs is instrumental in navigating your financial journey. So, strap in, and let’s embark on this enlightening expedition together.
Deciding between a lump sum or monthly check can be a daunting task. Wondering how you should go about it? You're not alone; this episode dives into the heart of that problem. We tackle fascinating topics such as the ongoing trend of private sector employers closing their pension plans, and the implications of choosing a lump sum payout versus a guaranteed monthly income. We stress the importance of recognizing when you'll need the money, and explore the fascinating exercise of calculating the cost of buying an income stream at retirement age.
In the second half of the discussion, we delve deeper into the pros and cons of each decision. We talk about the significant role your liquid net worth plays and the trade-offs of potentially more taxable income in the future. We also consider the option of taking the lump sum and reinvesting it in the market. After all, every retirement plan is unique and requires a tailor-made approach. By the end of this episode, you'll be equipped with the knowledge to make a well-informed decision regarding your retirement.
Moving From Saver To Spender We are learning that moving from saver to spender is hard. In this episode of the podcast, Casey and Tom discuss the difficult time some individuals have when they retire. Specifically, moving from saver to spender. Most of our working careers, money tends to flow in one direction: OUT. Money […]
Unwrapping Annuities: Some Pros and Cons In podcast episode #452, Tom breaks down some of the basics around annuities. Unfortunately, we have had experiences – where clients purchased annuities elsewhere – and came into our office to learn the gory details of what they signed up for. Annuities are sold as a path to “not […]
TD Ameritrade-Schwab Podcast Episode 451 We learn, in episode #451 of the Mullooly Asset podcast, that when it comes to mergers of ANY kind, Casey & Tom bring up the very first thing you will hear is “nothing will change!” When in fact, EVERYTHING will (eventually) change! Ever wonder how big mergers in the financial […]
How safe are your communications in the financial services industry? Hold your breath as we take you through the labyrinth of communication within financial firms, spotlighting the indispensable need for documenting and archiving every single exchange. We don't stop there, we delve into the significance of disclaimers and disclosures, and discuss how the digital revolution has amplified the need for an easily searchable electronic trail and stringent compliance teams.
Get ready to be intrigued as we unravel the astounding rise in SEC (Securities and Exchange Commission) fines for slip-ups in messaging practices. We dissect real-life cases of financial firms that suffered penalties for non-compliance, and we shed light on how aged regulations have been contemporized to mirror today's industry landscape. We wrap up the episode with an insightful discourse on how the SEC ensures adherence to standards and the various penalties it imposes for improper messaging practices. Whether you're a novice or a seasoned pro in the financial services industry, this episode serves up a wealth of knowledge on compliance and safe communication practices.
Strap in for a riveting tale of resilience and triumph as my son, Casey, defies the odds. Not only has Casey been battling leukemia with an unshakeable fortitude, but he's also been laser-focused on his studies to become a Certified Financial Planner (CFP). The cherry on top? His leukemia is now undetectable, and we couldn't be happier to share this wonderful news. But our conversation doesn't stop there. We also navigate through the labyrinth that is the CFP exam, dissecting the relevance of its six key areas. We shine a spotlight on the practical application of tax planning and underscore why working with a CFP is beneficial.
In the second half of our conversation, we unpack the essence of trust in the advisor-client relationship. Why should you trust a CFP? How does that certification build credibility?
As we delve into these questions, we emphasize that out of approximately 1 million people in the industry, only 91,000 hold the coveted CFP designation in the US.
Tom and Casey share insights into why this certification is a beacon of trust for clients and how it forms the bedrock for a plan that clients can stick to.
So come, join us as we traverse this journey of victory, education, and trust.
Forty years later Ever wondered how the intricate world of financial planning truly operates? Tom shares some insight into this world, as a financial planner who’s been in the trenches for four decades. In this episode, we journey through my 40-year career in financial planning. From my beginnings as a young college graduate (age 20!) […]
So, should we fear volatility with investment accounts and the market? In episode #447, Tim and Tom discuss the VIX Index, or “fear gauge” and how volatility is usually interpreted as “bad.” Hey – volatility is nothing more than changes in price – and not necessarily a negative! There seems to be some common myths about […]
When most folks think of "consumer discretionary" companies, the names they might think of are names you "could live without." And if we entered into an economic slowdown, you might "pass" on shopping with some of these companies.
But when look under the hood, what the market considers to be consumer discretionary stocks might surprise you!
As we begin the podcast episode, we start with a question. Could 6-7% mortgage rates become the new normal? And what kind of impact could higher mortgage costs have on how consumers choose to spend their money, and the impact on consumer discretionary areas of the economy.
Join Tim and Tom as we explore this intriguing possibility in our discussion on the current state of mortgage rates, based on an insightful article by Bill McBride. We examine how Bill has become the yardstick for what's going on in the real estate industry and how his headlines have evolved over the years.
Additionally, we compare the current situation to what happened in 1994 and the idea that history often rhymes, sharing our thoughts on the potential for refinancing mortgages in the future and how it depends on the economy.
In the second half of our episode, we dive into the world of stock forecasting and market sectors, taking a close look at consumer discretionary stocks and how they are affected by changes in mortgage rates. Using examples of consumer discretionary companies like Tiffany's and American Express, we discuss how people might make cutbacks in their spending if their mortgage payments increased. We also explore the top 10 positions in the Vanguard, iShares, and SPDR Consumer Discretionary ETFs, to help you better understand what Mr. Market considers discretionary. Don't miss this informative and engaging episode!
Late Boomers (1956-1964) appear to be the LEAST prepared for retirement. Why is that? In podcast episode #445, Tim and Tom break down SOME of the reasons why late boomers might be poorly-prepared for retirement, compared to other generations. The guys however (first) discuss down-and-sideways markets, like we have seen over the past eighteen months […]
Financial Planning Software Tools Used by Our Advisors
What are the financial planning tools used by the advisors at Mullooly Asset Management? As we discuss in episode #444 of the podcast, there are several widely-used financial planning software tools used by the largest firms in the industry.
So you may be surprised - we swipe a little from ALL of them!
Over time, we have found that there is no one perfect software tool. So we have constructed our own, and kept it flexible. This way, we can tweak it as needed, to customize a solution for your situation.
We have also learned that relying heavily on one software almost keeps us married to their modeling. And when their models change - your plan can break! Or things simply will not work. We would prefer not to be beholden to one (or even two) hard-wired financial planning software tools.
Listen in for 28 minutes about the financial planning tools used by us!
Time Stamps for "Financial Planning Tools Used by Our Advisors"
1:10 - Wide proliferation / wide adoption of similar financial planning software tools
2:55 - Gauging compounded inflation rates
4:29 - A relevant question from the CFP exam!
7:12 - Pro's / Con's of wide adoption of financial planning software tools
12:11 - How we treat projections, and "plan" (the noun) vs "planning" (the verb)
14:45 - Recent financial planning software developments, and some industry backlash
16:50 - Planning software can often be internally hard-wired & more "one size fits all"
17:45 - Sometimes advisors need to "trick the software" to get the desired options.
20:30 - How "data accuracy" is crucial to developing plans
23:29 - Gaining "awareness" through the plan process, better planning for "the gaps"
Focus on these 10 things you can control about Investing
In this podcast (episode #443), Tim and Tom run through an excellent list compiled by a fellow planner, Max Pashman, CFP® which separates things you can't control versus ten things you can control. It's one thing to think you have all the answers when it comes to financial planning and investing. It can be very frustrating at times - it seems like nothing seems in your power to control with investing. And, are you happy - and at peace with how you go about investing?
Where is your focus?
Even WE get hung up from time to time stressing over topics clearly out of our control. And we're in the business! It is not worth your time or worry to focus on things you have absolutely no way of changing! We field LOTS of calls from folks who get hung up worrying about topics like the debt ceiling, tax law changes, which political party is in control, how to stop rising prices. These things are out of our hands. Let's focus our energy on things we can control.
Again, many thanks to our friend Max Pashman, CFP of Los Angeles, CAfor the great inspiration. You can follow Max on Twitter: https://twitter.com/maxpashman
Timestamps for "Focus on 10 Things Can Control" Episode #443
1:18 - Rates of return
3:53 - Tax Laws
6:00 - Interest rates
9:49 - Asset Risk
12:28 - Emergencies
13:39 - College Prices
17:27 - Social Security
20:39 - Inflation
23:59 - Death
Thanks for listening to this episode! You can catch all of the Mullooly Asset podcast episodes here.
"My Home Was The Best Investment I Ever Made"
Episode 442 of the Mullooly Asset podcast starts with: We've lost count of the times we have heard "my home was the best investment I ever made."
But is it really?
It might be because your home may be the ONLY investment you have held for thirty years. When you go through the math, as Tim and Tom do in episode 342, you learn that people often overlook the cost of affording the home (mortgage costs - especially compound interest!), property taxes, the maintenance, any improvements. You get the idea.
And while you cannot "sleep in your S&P 500 index fund," you also have very little in terms of additional costs in investments like exchange-traded funds once the initial investment is made.
In episode 442, Tom and Tim also talk about the projected 2024 increase in the cost-of-living adjustment for social security recipients.
Here's a hint: it's projected to be* way less *than 2023!
We cover 13 Questions about Social Security
And we have learned you may not know the answers! On a survey shared with 55 to 65 year old folks, 69% of respondents either failed the test - or barely passed!
Since Social Security often becomes a sizable chunk of income in retirement, it's somewhat astonishing that folks in this age group - approaching retirement -- are not up-to-speed on these 13 questions about social security.
Get with your financial planner if you struggled with these topics or questions!
Listen in for 25 minutes of putting your questions about social security to bed!
Time Stamps for "13 Questions About Social Security"
5:37 - Question 1 - taking social security early
6:45 - Question 2 - are my benefits reduced if I continue working?
9:16 - Question 3 - what about my spouse?
11:45 - Question 4 - same-sex marriage benefits?
12:15 - Question 5 - spousal death benefits?
13:38 - Question 6 - my specific social security account?
14:45 - Question 7 - what if I have young children?
15:58 - Question 8- what if I am divorced?
16:48 - Question 9 - Reduce social security by 20%?
19:06 - Question 10 - full retirement age is?
19:37 - Question 11 - what if I delay past age 70?
20:22 - Question 12 - taxes on Social Security?
22:16 - Question 13 - Citizenship and social security?
Links for "13 Questions About Social Security"
https://www.cnbc.com/2023/05/02/69percent-of-people-either-failed-or-barely-passed-this-social-security-quiz.html
You Are The Economy 71% of the US Economy is you – the consumer. Did you know that? And the US consumer has provided a backbone to this economy stronger than anyone has ever predicted. We sure DO know how to spend money! Never forget, you ARE the economy! In Episode #440 of the Mullooly […]
Is a 60 40 portfolio still good? This question has been coming up frequently. All throughout 2022, people were told by the financial media that the old 60/40 approach to investing was dead. Is it dead – or did it simply have a a bad year? After all, this is historically how many large pension […]
Must-knows About Retirement Spending Here’s something different – what are the must-knows about retirement spending? Spending? Don’t we mean saving? While our industry in general spends an enormous amount of time preaching about saving for retirement, little ink gets spilled discussing the must-knows of retirement spending. Why is that? Part of the answer stems […]
Where Are You Going On A Trip This Year? When we are mentally pulling together a budget in our heads, it is easy to add up mortgage, insurance, groceries, gas money, etc. But when you are trying to gauge your cash flow, do you think about where you are going on a trip this year? […]
Trying to make sense from markets, and the news, will make you crazy. In Podcast Episode 436, “Stop Making Sense of Markets,” Casey and Tom refer to the old stock market adage, “buy the rumor, sell the news;” and what to do when the news doesn’t add up to what the market is doing. We […]
FDIC Coverage Limits are a significant part of the discussion Casey & Tom have in Episode 435 of the Podcast. We also discuss what happens if you have more than $250,000 in the bank? While the wreckage from the collapse of Silicon Valley Bank is still being parsed out, more questions are beginning to bubble […]
What are the "worst" investments during periods of inflation? There has been a rush to create many inflation-related products on Wall Street.
Spending money in retirement is OK, you have our permission! We see folks we know deciding to retire every week here at Mullooly Asset Management. Some folks have been great savers throughout their careers. Sometimes these very same people have problems “being okay” with spending money in retirement. Especially because they do not see a […]
In this week’s podcast, Casey and Tom discuss the merger between TD Ameritrade and Charles Schwab. We share all the information we have so far including expected timeline and what folks can do to prepare. We want to help our clients and listeners prepare for a seamless transition from TD’s platform over to Schwab’s. So […]
Your Form 1099 can tell you a lot about your financial situation… if you know what to look for. In this week’s podcast episode, Tom and Casey walk you through the form and explain why it is an important piece of tax information. The guys talk about capital gains tax, step-up in cost basis, where […]
Retirement planning may sound simple on the surface, you just save as much money as you can and then pull it back out when you’re done working, right? Ehhh not so much. The decision to retire might be the hardest financial decision you ever have to make. Sticking the landing in retirement is like landing […]
When you get a raise, you get a golden opportunity to improve your finances. Earning more income doesn’t happen very often throughout the course of your career. But increasing your income is the single best thing you can do to improve your financial position. The opportunity only exists if you get a raise AND keep […]
The beginning of the year means… tax time! If your income fluctuated in 2022 that means your tax bracket may have changed. So be sure to dig out and review all of your relevant documentation like last year’s tax return, your Form W-2, your latest paystubs, and whatever else ya got! Most tax preparers will […]
We are often asked “what can I expect my portfolio to return each year?”. Historical stock market returns offer an answer. But that answer doesn’t do a good job of setting expectations because average returns don’t happen very often. In this week’s video, Casey discusses how often you can expect average returns from the stock […]
Everyone has expectations for what they’ll do when they retire. But what happens if you get there and want to change plans? In this week’s podcast, Tom, Tim, Brendan and Casey discuss whether or not it is okay to change plans in retirement. The guys also stress the importance of focusing on saving money early […]
How are investors supposed to avoid making financial decisions based on emotion? And if you are not supposed to invest based on how you feel, what are you supposed to base your decisions on? Tom covers this and more in this week’s video. He shares research that shows how many folks make emotional financial decisions […]
In this video, Tom covers what a $1 million retirement might look like. $1 million seems like a lot of money to most people, but is it even enough to maintain your lifestyle in retirement? Tom discusses 4 things folks should do to make sure their $1 million allows them to live the life they […]
In this week’s podcast, Tim and Casey highlight the changes coming to retirement plans as part of a new bill being passed by Congress. The new rules being introduced largely benefit folks saving for retirement, but it’s important to understand the changes coming for things like required minimum distributions, catch-up contributions, 401(k) plans and more. […]
Investing is so difficult because the future is always uncertain, but everything seems obvious after the fact. This leads investors into a harmful way of looking at the stock market called hindsight bias. In this week’s video, Casey examines why investors fall victim to things like FOMO and hindsight bias. He also discusses how to […]
On this week’s episode of the Mullooly Asset Podcast, Casey, Tim, and Tom discuss price targets for 2023 and the Santa Claus rally. Almost every large national bank analyst makes a price target at the end of the year for the coming year, but are they really worthwhile? What do these targets even mean? And […]
As the year wraps up, it’s a best practice to review your finances. One of the main reasons we see folks getting into financial trouble is because they refuse to take stock of where they stand. In a year like 2022, where the stock market has slumped and inflation has increased everyone’s monthly expenses, it might feel better in […]
In this week’s video, Casey discusses how difficult it’s been for investors to manage their expectations after 2021 and 2022. He shares statistics about how long it’s been since the market has made a new all-time high and how that relates to previous years. It’s important for investors to manage their expectations and not always […]
In this week’s video, Casey discusses the growing rate of people taking hardship withdrawals from their 401(k) plans. It’s great that folks want to get invested in the market, but it shouldn’t come at the expense of having an emergency fund in a savings account. Tune in to hear the hybrid approach Casey proposes for […]
The end of the year is a great time to consider charitable gifting. If you are feeling generous, want to make a difference in someone’s life, and want to reap potential tax benefits, this is the blog post for you! Before we go any further, when we talk about gifting strategies, we’re not talking about […]
In this week’s podcast, the guys talk about what investors can learn from following along with the latest cryptocurrency headlines. These types of stories happen every cycle but some investors never seem to learn that taking massive amounts of risk and leveraging their investments rarely leads to positive outcomes. Keeping things simple and understanding your […]
In this week’s podcast, Tom, Tim, Brendan and Casey discuss starting to save for retirement later in life. The guys cover what you should prioritize, how to set realistic goals and ultimately how you can squeeze a lifetime of savings into a smaller amount of time. If you find yourself getting ready to retire without […]
In this week’s podcast, the guys cover alternative investments and peel back the curtain on these difficult to understand investment products. When the market is volatile, like it has been in 2022, these product sales always skyrocket. And the promise of safety allures investors into not fully understanding what it is they are putting their […]
In this week’s podcast, the guys discuss the most recent examples of the stock market looking ahead of the economy. Tim, Tom, Brendan and Casey discuss how the stock market performs relative to GDP, the unemployment rate and earnings. They also debate whether or not the market is “valued” appropriately in comparison to past drawdowns. […]
In this week’s podcast, Tom, Tim and Casey discuss the eye-popping results of a survey that asked millionaires how they are feeling about retirement. This leads the guys into a broader conversation about changing market dynamics, like fixed income products offering better rates, and what they are seeing underneath the hood of the stock market. […]
In this week’s podcast, Tom, Tim, Brendan and Casey discuss the latest inflation reading and some of the repercussions they’re seeing across markets. The cost of living adjustment for Social Security benefits was also announced yesterday. The guys get into why this year’s adjustment might feel better than last years. These inflation readings seem to […]
Interest rates have an impact on just about every part of our financial lives. And when they move up as quickly as they have in 2022, it causes some major changes. In this week’s podcast, Tom, Tim, Brendan and Casey discuss the impact interest rates have on bond prices. They share some numbers to show […]
Whether it is pension funds, or individuals saving for retirement, the message remains the same, investment returns cannot make up for a savings shortfall. In this week’s podcast, Tom, Tim, Brendan and Casey discuss the near forced liquidation of some pension funds in the United Kingdom. They breakdown the volatile U.K. bond market and highlight […]
Whether it is pension funds, or individuals saving for retirement, the message remains the same, investment returns cannot make up for a savings shortfall. In this week’s podcast, Tom, Tim, Brendan and Casey discuss the near forced liquidation of some pension funds in the United Kingdom. They breakdown the volatile U.K. bond market and highlight […]
Whether it is pension funds, or individuals saving for retirement, the message remains the same, investment returns cannot make up for a savings shortfall. In this week’s podcast, Tom, Tim, Brendan and Casey discuss the near forced liquidation of some pension funds in the United Kingdom. They breakdown the volatile U.K. bond market and highlight […]
The state of the economy continues to make headlines here in 2022. So in this week’s podcast, Tom, Brendan and Casey discuss what is actually happening in the economy. They share their thoughts on the latest moves by the Federal Reserve and breakdown what they are seeing with interest rates, stock market earnings, housing and […]
The state of the economy continues to make headlines here in 2022. So in this week’s podcast, Tom, Brendan and Casey discuss what is actually happening in the economy. They share their thoughts on the latest moves by the Federal Reserve and breakdown what they are seeing with interest rates, stock market earnings, housing and […]
The state of the economy continues to make headlines here in 2022. So in this week’s podcast, Tom, Brendan and Casey discuss what is actually happening in the economy. They share their thoughts on the latest moves by the Federal Reserve and breakdown what they are seeing with interest rates, stock market earnings, housing and […]
Bonds have been having an outlier year due to rising interest rates so far here in 2022. But has it changed the overall dynamic of stocks and bonds in a portfolio? Brendan, Tim and Casey discuss why bond investors are bailing out, where bond returns come from and whether or not bonds are serving their […]
Bonds have been having an outlier year due to rising interest rates so far here in 2022. But has it changed the overall dynamic of stocks and bonds in a portfolio? Brendan, Tim and Casey discuss why bond investors are bailing out, where bond returns come from and whether or not bonds are serving their […]
Bonds have been having an outlier year due to rising interest rates so far here in 2022. But has it changed the overall dynamic of stocks and bonds in a portfolio? Brendan, Tim and Casey discuss why bond investors are bailing out, where bond returns come from and whether or not bonds are serving their […]
A common misconception amongst investors is that investment returns would be better if they could somehow avoid recessions. But is that actually true? In this week’s podcast, Brendan and Casey settle this debate once and for all. They share historical statistics about investing through past recessions and get in to what these numbers mean for […]
A common misconception amongst investors is that investment returns would be better if they could somehow avoid recessions. But is that actually true? In this week’s podcast, Brendan and Casey settle this debate once and for all. They share historical statistics about investing through past recessions and get in to what these numbers mean for […]
A common misconception amongst investors is that investment returns would be better if they could somehow avoid recessions. But is that actually true? In this week’s podcast, Brendan and Casey settle this debate once and for all. They share historical statistics about investing through past recessions and get in to what these numbers mean for […]
In this week’s podcast, Tim and Brendan begin by discussing how investors reacted to the Fed’s comments last week. The conversation turns into a discussion about who is actually making changes to their retirement investments this year. The guys wind up shining a light on the world of alternative investments and how they aren’t always […]
In this week’s podcast, Tim and Brendan begin by discussing how investors reacted to the Fed’s comments last week. The conversation turns into a discussion about who is actually making changes to their retirement investments this year. The guys wind up shining a light on the world of alternative investments and how they aren’t always […]
In this week’s podcast, Tim and Brendan begin by discussing how investors reacted to the Fed’s comments last week. The conversation turns into a discussion about who is actually making changes to their retirement investments this year. The guys wind up shining a light on the world of alternative investments and how they aren’t always […]
We are often asked “what can I expect my investments to earn if I work with you?”. While it is an important question, there is no easy answer. In this week’s podcast, Tom, Brendan, Tim AND Casey weigh in on the best way to set investment performance expectations, the difference between average returns, and returns […]
We are often asked “what can I expect my investments to earn if I work with you?”. While it is an important question, there is no easy answer. In this week’s podcast, Tom, Brendan, Tim AND Casey weigh in on the best way to set investment performance expectations, the difference between average returns, and returns […]
We are often asked “what can I expect my investments to earn if I work with you?”. While it is an important question, there is no easy answer. In this week’s podcast, Tom, Brendan, Tim AND Casey weigh in on the best way to set investment performance expectations, the difference between average returns, and returns […]
In this week’s podcast, Brendan, Tim and Casey debate whether it is better to have more money saved in your retirement accounts or lower monthly expenses. They discuss the pros/cons of each and how these factor into making big decisions in retirement like paying off a mortgage. The guys also turn the conversation towards the […]
In this week’s podcast, Brendan, Tim and Casey discuss the most recent economic headlines including this week’s inflation reading, last week’s jobs report and Q2 earnings. The guys highlight a theme that’s been apparent over the last couple of weeks… the market’s reactions are more based on expectations rather than what’s actually going on right […]
In this week’s podcast, Brendan, Tim and Casey discuss the most recent economic headlines including this week’s inflation reading, last week’s jobs report and Q2 earnings. The guys highlight a theme that’s been apparent over the last couple of weeks… the market’s reactions are more based on expectations rather than what’s actually going on right […]
“If my required minimum distributions are 5% of my account, does that mean my account will be empty in 20 years?” In this week’s podcast, Tom and Casey debunk this common misconception by explaining the math behind required minimum distributions. While you are required to take the money out of tax deferred accounts, like a […]
A recent horror story came out about how over 1 million teachers have been misled about the amount of fees they’ve been paying in their retirement accounts. In this week’s podcast, Tom and Casey discuss what other options teachers have and what steps they should take to ensure they are doing what’s best for their […]
Margin investing, or taking on debt to invest, is very risky. It always seems to gain popularity during market peaks. And make matters worse on the way back down. In this week’s podcast, Tom and Casey discuss some recent events in the cryptocurrency space. We saw some really speculative investing trends, like margin investing, occur […]
It’s often said that the stock market looks forward, while economic data looks in the rearview mirror. The stock market reacts to what it thinks is going to happen. While the economic data represents what has already happened. It is not uncommon to see the stock market bottom while the economic news worsens. Tom and […]
In this week’s podcast, Tom and Casey discuss how crucial communication is for the investment advisor-client relationship. We take a different investment approach when money is needed in the short-term vs. growing it over the long-term. Things will change over the course of your life, that’s why we believe in ongoing investment management and financial […]
In this week’s podcast, Tom and Casey discuss how the market has priced in a severe recession, and what that means moving forward. The guys review the latest charts and data points they’ve been paying attention to. With many of them pointing to improvements in inflation. As always, we’re here this week to keep things […]
In this week’s podcast, Brendan, Tom and Casey discuss the Fed’s decision to raise interest rates and the effects it might cause in the stock market and economy at large. The guys break down all the latest including inflation, oil/gas prices, housing and more. If your bear market and recession fears are peaking, this week’s […]
In this week’s podcast, Tom and Casey discuss how the current economic data is telling two stories. We have historically low unemployment numbers but also historically high inflation, so what does that mean for everyday investors? The guys draw on historical examples to show how the economic levers the Fed is pulling take time to […]
There has been a lot of talk about the Fed’s plan for quantitative tightening lately. But what exactly does that mean? And what should everyday investors expect? The Fed has been under the microscope so far in 2022 due to raising interest rates. But there is another side to the story. On this week’s podcast, […]
In this week’s podcast, Tom and Casey summarize and provide context on the latest economic data. While also discussing several companies’ recent earnings reports. They cover the following: Does a good company make a good stock? How is the Fed reacting to the latest economic data? Why are housing and inflation so intertwined? Tune in […]
In this weeks podcast, Brendan and Casey discuss how short term market losses impact retirement plans. They explain how to handle investment account distributions when markets are rocky and the importance of aligning your portfolio with your income needs. This is a question we’ve been getting a lot lately, so tune in if it’s on […]
All the stock market headlines are doom and gloom right now. In this week’s podcast Casey doesn’t claim to have all the answers, but he aims to balance out that negativity by providing some facts and figures that have caught our eye here recently. He covers what tends to happen when sentiment gets this bearish […]
Tom talks all things capital gains tax rates in this week’s podcast. Now that 2021’s tax deadline has passed, it’s time to start looking for changes to make as we head further into 2022. He covers common misconceptions regarding capital gains taxes. As well as diving into whether it is better for married couples to […]
There are a lot of comparisons being made between the current economy and the economy of the late 70’s and early 80’s. The guys discuss the similarities AND differences, while highlighting whether or not bonds still act as a diversifier and how to think about future bond returns. We’ve been getting a lot of questions […]
If you’ve been seeing headlines about the yield curve lately and don’t know what that is or what it means, look no further than this week’s podcast. The guys discuss rising interest rates, what’s been going on in the bond market, and why everyone in the financial media is using the yield curve to try […]
Being able to pay off your mortgage is the dream for every homeowner. But is it a good idea for retirees to use their retirement assets to get rid of mortgage debt? In this week’s podcast, Brendan and Casey breakdown the different aspects of this decision. They weigh the options and highlight how it impacts […]
In this week’s podcast, Tom, Brendan and Casey discuss financial planning tips and best practices to start your year off on the right foot. They talk about how to review your financials from 2021, tax planning, cash flow management strategies and much more! We’re already a couple weeks into 2022 so tune on in and […]
Recent headlines have claimed that the stock market is being “propped up” by just a handful of the largest companies. In this week’s podcast, Tom, Brendan and Casey discuss what this type of market means for investors. While driving home the point that it is normal to see different areas of the market, like large […]
There have been a lot of economic questions lately, specifically whether or not the Federal Reserve will raise interest rates. We got some clarity this week on their plan of action. With so much emphasis on this meeting and the economy as a whole, Tom, Brendan and Casey share their thoughts on it all in […]
In this week’s podcast, Casey and Brendan further their discussion on retirement withdrawal strategies. They discuss a recent piece of research that indicates the 4% rule for retirement might be out of date. Tune in to find out how stock market valuations affect retirement plans and what retirees can do if they have to withdraw […]
In this week’s podcast, Brendan and Casey discuss retirement withdrawal strategies. They highlight the different levers that can be pulled. And how making adjustments to spending can have a larger impact on “success rates” than portfolio changes. This podcast drives home our point that financial planning is a process and not a one time event. […]
In this week’s podcast, Tom, Brendan and Casey discuss why a move in retirement is not a silver bullet that fixes high cost of living. What lifestyle your investments have to support is THE BIGGEST factor in the retirement equation. Moving in retirement is about more than just avoiding income taxes. It requires consideration of […]
In this week’s podcast, Tom, Brendan and Casey discuss the highest inflation reading in over 30 years. The guys share their thoughts on how to best handle inflation from an investing and financial planning standpoint. Nobody likes to pay more for everyday items. Tune in for some practical things you can do (or not do) […]
In this week’s podcast, Casey breakdowns three of the most popular misconceptions we hear about what inflation means for your investments. He highlights how stocks are the best inflation hedge we have. As well as touching on two common alternatives we often hear about, investing in gold, and fixed products, like annuities. If you’re concerned […]
In this week’s podcast, Brendan and Casey discuss the 5.9% cost of living adjustment (COLA) to Social Security checks starting in 2022. They breakdown how the COLA is calculated, how these adjustment are built into financial plans and so much more. Social Security is something that affects everyone. Whether you are a taxpayer or someone […]
In this week’s podcast, Tom, Brendan and Casey wrap up their discussion on whether or not target date funds are “good” investments for 401(k) investors. A recent Wall Street Journal article recommended recreating target date funds on your own. The guys breakdown why that completely negates the benefits and unnecessarily exposes investors to market timing […]
In this week’s podcast the guys weigh in on whether or not target date funds are “good” investments for 401(k) investors. They get into what target date funds get right, what they get wrong and why understanding a 401(k) plan’s default options are so important. Is more education for investors really the answer? Tune in […]
In this week’s podcast, Tom and Casey talk investing history and take a look back through the last four decades at the largest companies in the S&P 500. From the oil dominated Top 10 of the 1980’s to the Tech heavy Top 10 of today. If there is one constant in investing it’s change. The […]
In this week’s podcast episode, the guys discuss why tax planning should be thought about in terms of lifetime tax, instead of year to year tax. Tax planning is so much more than focusing on reducing your tax bill as much as possible on a yearly basis. They get into specifics about the differences between […]
In this week’s podcast episode, the guys discuss making investing decisions and why following the latest and greatest trends might not be the best strategy. They cover everything from historical market context over the last twenty years, to how to construct a portfolio with a client’s best interest in mind. Be sure to tune into […]
Investors underperform the funds they own by an average of 1.7%, according to a recent Morningstar study. In this week’s podcast episode, Brendan, Tom, and Casey breakdown how/why this happens. They get into the perils of market timing, trying to override human behavior, and what investors can do to help close this gap. Show Notes […]
Expense ratios for mutual funds and exchange traded funds (ETFs) have been cut in half over the last twenty years. In this week’s podcast episode, the guys explain what expense ratios are and why it’s so important for investors to pay attention to them. Their discussion is driven by a recent study done by Morningstar […]
The stock market (as measured by the S&P 500) has hit a new high in every month so far this year. But when you look under the hood, the average stock isn’t doing as well. In this week’s podcast, the guys dive into how an index like the S&P 500 can be pulled forward by […]
S&P 500 company pension funds have lowered their expected returns 10 years in a row. In this week’s podcast episode, we breakdown what’s contributing to the lowering of expected returns. And we explain why lower expected returns aren’t necessarily a bad thing for pensioners. If you receive a pension, or are set to receive one […]
In this week’s episode, the guys discuss a popular stock market valuation metric, the forward price to earnings ratio. We first explain what the ratio is, what it measures, and how it’s used. On a high level, it tells us how a company, or in this case the S&P 500 index, is valued. Interestingly enough, […]
In this week’s episode, the guys discuss why having all your assets tied up in retirement accounts can complicate retiring early. They breakdown why having both pre and post tax assets is so crucial for those in their late 50’s and early 60’s. They also dive into the likelihood of retiring on solely cash or […]
Do some bond yields seem too good to be true? Well, that’s probably because they are. In this week’s podcast, the guys discuss how “inflation protected” bonds are able to advertise yields that aren’t necessarily real. Which leads them to discuss other inflation hedges, and how most folks probably already own the best one of […]
Robinhood, the online investing and trading platform, had their IPO (initial public offering) yesterday. In this week’s podcast, the guys discuss the staggering numbers Robinhood had to disclose in order to file for the IPO. Some of these numbers are seriously out of control! And, of course, we tie in how folks should be investing […]
It’s official, the S&P 500, the most widely followed stock market index, has doubled off the March 2020 pandemic lows. In this week’s podcast, the guys discuss how the S&P got to this point. And the different trends we’ve seen underneath the surface which have made this happen. They also highlight how important it is […]
It’s said that credit rules the world. A line of credit can be a useful piece of your financial plan. But, it can be taken away at any time for no reason at all. So don’t let credit rule your personal finances. In this week’s episode, the guys discuss Wells Fargo shutting down all personal […]
In this week’s podcast, Tom and Casey pull back the curtain and examine how financial calculators arrive at their results. Financial calculators, also known as retirement calculators, take a snapshot of where you are now and project it out into the future. Not taking into account any changes or course corrections along the way. Life […]
In this week’s podcast, Tom and Casey offer their thoughts on investing in cryptocurrencies in a retirement account. There are still some regulatory hurdles cryptocurrencies, like Bitcoin, need to clear before it becomes mainstream. But it is definitely a topic of conversation in the office and we are doing everything we can to educate ourselves […]
Whether it’s greed and fear, or stress and envy, it’s important to realize how emotionally tied up most of us are in our money. From a pit in your stomach when the market drops, to the excitement you feel when your paycheck hits your bank account. Money, and especially investing, stirs up the full range […]
In this week’s episode, Tom and Casey walk through exactly what the financial planning process is like for new clients. From the initial “Fit Meeting” to our first series of check-in calls, the guys cover it all in this one. They highlight typical questions we get along the way and what to expect at each […]
In this week’s episode, the guys cover an array of topics, including the importance of portfolio rebalancing. Brendan and Tom breakdown why rebalancing allows the individual pieces of the portfolio to “do their jobs”. And why it’s a good risk management technique to not let the portfolio drift too far, in either direction. Also discussed, […]
This is the main question we help folks answers. In this weeks’ episode, Casey, Brendan, and Tom, walk through a real life example from a recent article by MarketWatch. The guys break down the nuances of retirement planning and shed light on our process. They also discuss a piece from Bloomberg about how folks are […]
We’ve gotten a handful of calls recently about what to do with “money earning nothing at the bank”. In this week’s episode, the guys, joined by Casey, discuss the role of savings in a financial plan, as well as what to do when markets are moving sideways, and how “average returns” are usually anything but […]
In recent news from Fidelity, they will begin offering investment accounts to teenagers (with parental approval). In this podcast, the guys discuss if that is a good or bad idea. They also discuss target date funds, and keeping your cool trying to buy a house in this crazy market. Tune in! Show Notes ‘Fidelity’s Pitch […]
A recent article in the New York Times outlined an F.B.I. investigation into a Pennsylvania pension plan that took some BIG risks in alternative investments. In this podcast, Tom and Tim break down where the trustees went wrong, and why alternative investments can be so dangerous. Show Notes ‘F.B.I. Asking Questions After a Pension Fund […]
It’s one thing to buy an investment because it’s “going up a lot”, but do you actually have an investment plan? In this week’s episode of the podcast, the guys discuss the importance of having an actual plan. Without a plan, it can be really difficult to gauge success and know when to make buy/sell […]
One late-blooming economic side effect of the pandemic is a growing global shortage of computer chips. This shortage has started to impact the car industry and other technology companies across the globe. So what does this actually mean for those semiconductor stocks and the economy in general? Tom, Tim, and Brendan break it down for […]
Yesterday the market dropped after news of a proposal to increase capital gains tax rates. Today, the market is market to normal, but what is it about these market pain points that get everyone on edge? In this podcast, Tim and Tom discuss a few different market pain points and outline why a proposal is […]
In this week’s podcast, the guys discuss a few stories that confirm we have reached the ‘silly stage’ of day trading stocks. From a deli in New Jersey with a market cap of $100 million, to tax problems for Robinhood users, the day trading boom is reaching new heights. The guys focus in on some […]
Last month marked 35 years in the business for Tom. First as a broker, and now as an advisor here at Mullooly Asset Management for almost 20 years. Tim and Tom use this episode to walk through 4 evergreen lessons Tom has picked up along his journey in the industry. 4 Lessons from 35 Years […]
It’s been one full year since the bottom of the “Corona Crash” last March. Tim and Brendan discuss how that could’ve been a generational buying opportunity for investors. They also discuss how difficult it is to successfully pick stocks, and have the numbers to back it up! Show Notes ‘Started From the Bottom’ – Nick […]
If the US economy is setting up for a nice recovery in 2021, why are some large cap technology stocks acting a little shaky? Has this happened before? In this podcast, Tom shares insight from similar economic environments in the 1960’s and 80’s when the stock market and economy did NOT move in tandem. Technology […]