I recently passed my Series 65 to become an IAR, Investment Adviser Representative. When taking the practice exams it was sometimes difficult to separate what I thought was the best answer and what was the right answer for the exam. This became very clear in the questions dealing with Client Investment Recommendations and Strategies. The… [Read More] This Needs to Change
There has been an ongoing debate about whether the Trump administration will repeal the Department of Labor rule implementing a fiduciary standard for all retirement accounts. Whether the new administration repeals the rule, waters it down or delays the start date; some damage has already been done. The Wall Street Journal recently published an article… [Read More] Increasing Fiduciary Awareness
Over at Get Rich Slowly, Franziska Castillo tackles a hot topic: Household Budgets! The first step to making a household budget is understanding your monthly expenses. These days, there are many apps available to help you track your expenditures. Once this is understood you can set up a realistic budget. And, another key part of… [Read More] Household Budgets for Beginners: Simple Tips for Success
Mike Piper, over at Oblivious Investor, discussed Social Security and Inflation Adjustments recently. Mike wrote that inflation-related adjustments to security come in two forms: one based on earnings history and the other based on retirement or disability benefits. When indexing your monthly earnings history, the indexing is based on wage inflation. Cost of Living Adjustment… [Read More] Social Security Inflation Adjustments (COLA and Wage Indexing)
Thank You for Thirteen Years Back in July of 2002, Mullooly Asset Management was founded. At that time, Tom had spent sixteen years as a broker. Our first office was a small 250 square foot space above a store in Avon, New Jersey. As we near the thirteenth anniversary of our founding, we are proud… [Read More] Thank You for Thirteen Years!