Looking for tips related to financial planning and investment management?
Owning a Home: What You Need to Know
Over the last four years, owning a home has become something of a conundrum for a lot of people. Is it possible? Is it worth it? Is now a good time to buy? We’re going to break down a few things you need to know about owning a home in this post. Since the start of...
What are the Top 3 Economic Indicators?
There are tons of economic indicators out there that give you all sorts of information about the U.S. economy. But what do they actually mean? And which ones are the most important? We’ll break it down for you in this post! First things first, an economic indicator by...
What is a 529 Plan?
One of the more popular ways to save for college education is by utilizing a 529 plan. Many of you have probably heard of a 529 plan, but do you know what they are or how they work? If not, keep reading! What is a 529 Plan? A 529 plan, also known as a qualified...
What is FDIC Insurance?
If you have money in a bank account, you have probably heard about FDIC insurance. But what is it? In this post we’ll break down what FDIC insurance is, what the limits are, who it protects, and more. What is FDIC insurance? Before we break down what FDIC insurance...
Cash Flow is King
In my last post, we briefly touched on the importance of cash flow and balance sheet in the financial planning process. Let’s dive in even further! Why is Cash Flow the “King”? When it comes to financial planning, almost any recommendation or tweak that someone can...
The Financial Planning Process
Here at Mullooly Asset Management, we often stress the importance of the financial planning process. So what is the financial planning process? To try and sum it up into one sentence: the financial planning process is the process of determining whether clients can...
Stop Trying To Making Sense of Markets & News: Transcript Episode 436
Stop Trying To Making Sense of Markets & News Transcript for Podcast Episode 436 Casey: Hello and welcome back to the Mullooly Asset Podcast. This is episode 436. I'm your host, Casey Mullooly, joined by Tom. Tom, thanks for joining me again. Tom: You bet....
The Worst Investments During Inflation? Transcript Pod 434
The Worst Investments During Inflation? Podcast 434 Transcript Welcome back to the Mullooly Asset Management Podcast. This is episode number 434. This is Tim Mullooly once again here with Tom Mullooly. Tim: We have a couple articles that we want to dive into today....
Silicon Valley Bank: What’s happening with SVB, FDIC coverage
Silicon Valley Bank, SVB, and FDIC coverage. Suddenly lots of questions arose this past week. There is an old saying in the banking business: "Banks borrow short, and lend long." This means banks borrow money from you (a depositor) which they have to be ready to...
The Best Way to Work With Your Accountant
March and April are when you hear from your accountant the most. Whether they're gathering documents, asking clarifying questions regarding those documents, or sending you your return, your accountant is top of mind in the beginning of the year. We are not accountants...
The 3 Principles of Retirement Planning
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...
4 Things to Do When You Get a Raise
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...
Do You Know What Tax Bracket You Are In?
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...
How Often Should You Expect Average Stock Market Returns?
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...
Is it Okay to Change Plans in Retirement?
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...
63% of Investors Reported Making This Mistake
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...
The Biggest Financial Stories of 2022
In this week's podcast, Tom and Casey recap the biggest financial stories from 2022. There was no shortage of things to talk about this year, from inflation and unprecedented interest rate hikes, to one of the most volatile years ever for the stock and bond market.The...
What Does a $1 Million Retirement Look Like?
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...
Changes are Coming to Retirement Plans
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...
How to Avoid Investing with Hindsight Bias
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...
