In August of this year, BlackRock did a survey of 4,000 Americans. One of the most interesting things they discovered was surprising to me. According to their survey: “As was true in our 2013 survey, “cash remains king” with almost two-thirds (63%) of all savings and investments held in cash?and most of that in traditional… [Read More] Savers Still Heavily in Cash
Financial Planning Help with Mullooly Asset Management
At Mullooly Asset Management we want our clients to think of us as their personal CFO (Chief Finance Officer). We address many topics/questions that our clients ask us in this section. Financial planning is a very broad topic, some of the specific areas covered here include: saving for college, retirement savings vehicles, retirement planning, investor behavior, financial goal setting and much more.
Here are some of our most recent articles:
Last week the IRS announced retirement plan contribution limits for 2015. And the good news: they are up! Starting next year, you can sock away the retirement plan contribution limit, or $18,000 in your deferred compensation plan or 401k account at work. Even if you are a teacher or nurse with a 403b Annuity, you… [Read More] Retirement Plan Contribution Limits for 2015
You’ve heard of the Seven Deadly Sins, right? Well recently I read a post that shared the 7 Deadly Sins of Investing. This is a really great post that Katie Brewer put together on her site Your Richest Life Planning. I was going to pick just one of the seven to share here, but I think… [Read More] Common and Costly Investing Mistakes
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Things_to_Remember_When_Buying_a_Car_September_2014_Podcast.mp3Subscribe: Android | RSSHere’s a fact of life: buying a car will be expensive. Don’t make it more expensive than it needs to be by ignoring the tips that Tom and Brendan discuss during this week’s Mullooly Asset Management podcast. You don’t want to neglect these car-related, financial planning principles. When it comes down to it,… [Read More] Things to Remember When Buying a Car
Transfer on Death Accounts Video We’ve had a lot of people ask us if they can make an account “payable on death”. “Payable on Death” (or POD accounts) accounts are offered by banks. When the account’s owner passes away, the intended recipient can walk into the bank with their death certificate and take ownership of… [Read More] Transfer on Death Accounts
https://media.blubrry.com/invest/p/content.blubrry.com/invest/What_Happens_When_An_Annuity_Owner_Dies_April_2014_Podcast.mp3Subscribe: Android | RSSMost investors are pitched on the “advantages of investing in an annuity”, but neglect to find out what happens in the end game. It’s not something pleasant to discuss, but what happens when an annuity owner dies? Tom and Brendan cover this frequently asked question in their weekly podcast. When a single… [Read More] What Happens When an Annuity Owner Dies?