I was a little late to the game, but better late than never, right? I just finished reading Andy Weir's The Martian. This science fiction novel was recently made into a movie, starring Matt Damon, that will debut in October. If you haven't seen a commercial yet, check...
Yesterday I read an excellent post by Corey Hoffstein of Newfound Research. He discussed the recent market volatility, and suggested that many investors might feel worse about it in comparison to other very similar corrections. The reasoning he provided makes a lot of...
"I can only afford to save $50 a month, that won't be enough to make a difference. Why bother?" I can't tell you how many times I've heard this or a variation of it. It comes up when discussing things like creating an emergency fund, saving for a down payment,...
Individuals are more likely to pay for an oil change than they are for personalized advice on their workplace retirement account. Don't believe it? According to a recent Charles Schwab survey, it's true. Although 87% of those surveyed stated that a 401k was a "crucial...
We've all heard the saying, "Practice makes perfect", before. It tends to be true whether you're talking about public speaking, golf, playing the drums, or becoming a great cook. It's been said that most successful individuals have failed more times than the novices...
At Mullooly Asset Management, we help a lot of individuals manage their retirement accounts at work. The type of retirement account doesn't matter (401k, 403b, or 457), we advise individuals on how to allocate their retirement savings within these plans. Sometimes, we...
Here at Mullooly Asset Management, we help a lot of individuals manage their retirement accounts at work. In doing so, we've taken a look at countless 401k's, 457's and 403b's. Within many of these employer sponsored plans, a Roth option is offered. I've noticed some...
On this week's podcast Tim and I discuss why we're incapable of telling people what age they'll be able to retire at. This might be disappointing to hear, but it's the truth. We aren't able to predict what age you'll be able to retire at or how much money you'll need...
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...
