Why You Shouldn't Be Borrowing From Your 401k A basic concept of financial planning is SAVING MONEY. This is pretty simple, but some people don't get it. Taking a loan from your 401k - borrowing money from your 401k account - can be very counterproductive. Try as...
Many people have the same question about their retirement withdrawals. That question is, "Will I outlive my money?". The fact of the matter is that most people will take too much money for their retirement withdrawals, and initially do not have enough money saved...
In this week's Mullooly Asset Management podcast Tom and Brendan discuss retirement withdrawals. When retirement withdrawals come up in conversation the number one question clients want to know is, "Will I outlive my money?". It makes sense that people worry about...
This is a transcription of the October 24, 2012 Mullooly Asset Management podcast. Brendan: Hello and welcome to the Mullooly Asset Management podcast for October 24, 2012. This is Brendan and today we’re going to talk with Tom about just what financial...
Just because a particular segment of the market is doing well, we should not just act blindly. You should always look to improve your 401(k) account, or other retirement accounts. If (for example) large cap funds happen to be doing well, it is not enough to simply buy...
Your 401k Account: Login and look. You need help managing your 401(k). Mullooly Asset Management provides a service where we will manage your 401k account for you. We have no interest in managing your entire company 401k plan. We work with individual investors, making...
Two old sayings can harm your investment returns and your 401k at work: "January sets the tone for the entire year" and "the first five trading days set the tone" for the whole year do not always work. Do not let these sayings harm YOUR 401(k) plan. We are off to a...
Because your 401k account is growing more and more important to you, the roller coaster swings in the stock market really frustrate the hell out of you. You have worked hard, and focused on managing your career, not your 401k. Now must you focus on managing your...
I look at the charts in your 401k plan continuously. If none of the charts are going up, here is our plan: we stay on the sidelines. Pretty simple.
How to get help with your 401k from Mullooly Asset Management. This process will also help you with your 457 deferred compensation plan — or your 403(b) annuity at work.
