In this week’s Mullooly Asset Management video Tom and Brendan try to make sense of reactions to a recent Dave Ramsey tweet. In the tweet Ramsey said, “Saving only $100 per month from age 25 to age 65 at 12% growth = $1,176,000. Everyone should retire a millionaire!”, which is mathematically accurate. However Ramsey’s… [Read More] Retirement Planning: Saving Money is the Biggest Key Video
Everybody worries about retirement, it's part of life. This category page covers topics to help individuals get ready for retirement. Believe it or not there are steps you can take early on in life to set up a comfortable retirement.
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Save_a_Million_Dollars_for_Retirement_podcast_final.mp3Subscribe: Android | RSSTom and Brendan have an interesting topic this week for the Mullooly Asset Management podcast. Radio personality Dave Ramsey tweeted something from his account yesterday that stirred up quite a reaction in the financial community. Ramsey’s tweet was about retirement planning and said, “Saving only $100 per month from age 25 to… [Read More] Retirement Planning: How to Save a Million Dollars
Tom and Brendan talk about some issues that arise from investing in age-based funds. Big companies like Vanguard, T. Rowe Price, and Fidelity market these funds as an easy way to save up for things like retirement and college. We have some issues with the way that they market and invest your money in these… [Read More] The Problem with Age-Based Funds Video
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Age_Based_Funds_podcast.mp3Subscribe: Android | RSSIn this week’s Mullooly Asset Management podcast Tom and Brendan discuss target retirement funds and age-based funds. Their discussion begins by discussing why clients nearing retirement typically do not want to deal with the stock market. When clients are going to retire in the near future, the risk and volatility associated with… [Read More] Age-Based Funds: What You Need to Know Before Investing
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 account is very counterproductive. While not growing your retirement savings at all, you are also depleting it. You also have to pay the loan you take back in monthly… [Read More] Why You Shouldn’t Be Borrowing From Your 401k Video
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 anymore. This creates a dilemma and leaves people wondering what… [Read More] Retirement Withdrawals: Concerns About Outliving Your Money Video