On this week's Mullooly Asset Management video, I cover a basic financial planning topic related to credit. In the midst of the holiday season, all of us at Mullooly Asset thought it would be timely to discuss zero percent financing deals. A lot of big-ticket items...
Having high cost debt is enough to financially cripple anybody. Sure, you'd like to upgrade from the iPhone 5 to the new iPhone 6 Plus, but do you need it? Probably not. I'd enjoy Met season tickets, but do I need them? Not in the slightest. In addition to not needing...
A question that frequently comes up in our client financial planning sessions is, "How much life insurance will I need?". On this week's Mullooly Asset Management video, Tim shares the six main questions people who want life insurance need to answer. It's important to...
As part of the generation referred to as "millennials" I'm used to reading opinion pieces about what other people think of us. Sometimes I agree with their opinions, other times I don't. Today I read an article that I agree with 100%. It was written by Patrick...
On this week's Mullooly Asset Management podcast, Tom and Brendan discuss an article they recently read. Interestingly enough, the article came from Costco Connection magazine. Not the typical reading material of the Mullooly Asset Management team, but it was a good...
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...
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...
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'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...
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...
