Fixing pensions won’t come through stock market gains. Pensions are in trouble because the amount owed to retirees is compounding faster than any returns a pension plan could earn in the stock market, or any market. An article in the Wall Street Journal spells out the story. From the article, the state of Maine has… [Read More] Fixing Pensions Won’t Come From the Market
In Ep. 134 of the Mullooly Asset Show, Tom talks about why it’s important to ALWAYS read your mail from your advisors. Whether it is a statement, invoice, or any other type of correspondence, READ IT. The Pitfalls of Not Reading Your Mail – Transcript Tom Mullooly: In Episode 134, we’re going to talk… [Read More] The Pitfalls of Not Reading Your Mail
Is your tax refund smaller this year? Some folks are discovering their tax refund is smaller than last year, or smaller than expected. Or worse, they may owe money on taxes. “Where is the tax cut I was promised?” I discussed this recently in a thread on Twitter with Nicole Boyson, Finance Professor at Northeastern… [Read More] About Your Tax Refund
Where is your “emergency savings” sitting? The answers we’ve heard shocked us: One gentleman told us the money sitting in utility stocks was his emergency money. Good grief. Some folks have a few measly bucks socked away in a bank account, just in case. Some have confided they consider the 401k at work to be… [Read More] Emergency Savings
Interpreting economic indicators has spawned a huge industry in finance. Being able to “read the tea leaves” and forecast which way housing prices (and housing sales) are headed give some the belief they can tell when the economy is tipping over. Well, at least it worked in 2007. But very few listened. The problem with… [Read More] Economic Indicators Send Mixed Messages
I grew up a Knicks fan on Long Island. Even though the Nets (and Dr. J) played in my backyard, my heart was with the Knicks. Bradley, Frazier, Reed, Earl (the Pearl), Phil Jackson (yes, THAT Phil Jackson), Dave DeBusschere. A lot has been written in the past 24 hours regarding the Knicks and their… [Read More] Knicks: No Game Plan?