The Average Investor: How Emotions Could Cost $26,725 Emotional decisions could cost the average investor $26,725. We arrived at this amount by examining the posted returns for US equity mutual funds and equity exchange-traded funds (ETF's) and compared them to the...
One-time financial plan is a myth Why “One-Time Plans” Don’t Work (and What to Do Instead) This video explains why a one-time financial plan is essentially just a snapshot or “checkup” with little lasting value. While others may disagree, at Mullooly Asset Management...
ACAT Scam ACAT Scam Explained: How Thieves Can Transfer & Liquidate Your Brokerage Account Fast We discuss an “ACAT scam” involving the Automated Customer Account Transfer Service (ACAT). This system was created in 1985 to quickly move accounts from one broker to...
What Is A 72t Distribution? This episode discusses a little-known option for retirement accounts: a 72(t) distribution. These are also called substantially equal periodic payments (SEPP). While distributions from pre-tax retirements will be taxable, these...
The Why Behind Data Gathering Data Gathering is an essential part of financial planning. We believe data gathering is the starting point for financial planning. "Winging it" is not productive. A firm grasp of your numbers is essential, prior to retirement....
Should My Financial Advisor Talk to My CPA? Should my financial advisor talk to my CPA? For the best outcomes, we feel the answer is yes. When your accountant, advisor, and attorney don't talk to each other, problems can develop. And you're usually the one who pays,...
What Happens When Your Advisor Retires? What happens when your advisor retires? It's a question almost nobody asks (usually) until it's happening. About a third of all U.S. financial advisors plan to retire within the next decade. More than a quarter aren't even sure...
The Dow Jones 1976 vs. Today: What Survived? The Dow Jones 1976 - on July 4, 1976, the 30 companies making up the Dow Jones Industrial Average were considered the biggest, most permanent-seeming names across the fruited plain. Fifty years later, twenty-nine of them...
A Roth 401k Tax Surprise? What we mean when we say "Roth 401k tax surprise," is that contributing to a Roth 401(k) at work COULD create unexpected taxable income, through the employer match. While employee making Roth 401k contributions knows their contributions are...
What Is A Sinking Fund? The sinking fund: the simple way to plan for expenses you know are coming. In this video, we cover what is a sinking fund. And how is it different from an emergency fund? We give examples of sinking funds such as budgeting for office items,...
