A recent chart from Deutsche Bank's Torsten Sløk shared on Business Insider shares a scary reality: 47% of US households don't save any part of their current income. Of course, as Anthony Isola put it on Twitter, "Making lemonade out of lemons, 53% save something!"....
A recent Business Insider article had quoted current Dallas Mavericks owner, Mark Cuban, in regards to his thoughts on student loan debt. A rather extreme solution to the growing problem of student loan debt is for the government to 'forgive' some of that debt....
It may not always be appropriate to max out your 401k contributions. That's right, Tom and I make the case for not maxing out your 401k contributions on this week's Mullooly Asset Management podcast. Probably not what you were expecting to hear, right? Let me preface...
Uncertainty can be really scary. Scary enough to discourage action of any kind. Think about it: when you have a big project to get done, like remodeling your kitchen, that feeling of "Where do I start?", begins to creep in. What happens next? Unless you take some...
"I'm saving for a down payment on a home." "I'm saving for my child's college education." "I'm saving for retirement." These are three very different goals, yet all have been deemed "saving". Not to get picky, but there's a big difference between saving and investing....
We often get asked about putting money away for a child's college education. Most people assume that they must use a 529 plan to accomplish this goal. While 529 plans are sometimes great college planning tools, other times they are less than ideal. Many 529 plans come...
Many financial planners commonly refer to something called the "four percent rule". It's frequently used by near-retirees looking to determine their savings withdrawal rate. It's supposed to be a simple answer to the common retiree fear: running out of money. David...
The beginning of a new year presents an optimal time to set goals for yourself. Last week, Tom discussed financial New Year's resolutions on the weekly video. I recently read an excellent post from Kris Venne of Ritholtz Wealth Management regarding knowing your...
As 2014 comes to an end, we share some timely tips for those who intend to make financial New Year's resolutions. Tom has some words of wisdom that you should keep in mind: Don't play the stock market with the rent! He elaborates on the meaning of this in our weekly...
Over the years we've fielded calls from people asking us different variations of this question: "I was offered an 8% guaranteed annuity by my insurance guy and wondered what you thought?". That's why Tom and Brendan decided to discuss high interest annuities on this...
