Retirement rules change. Retirement rules change. Sometimes frequently. Sometimes drastically. Your plan shouldn’t assume today’s tax rules will stay the same! In this video we cover how required minimum distributions have moved from age 70½ to 72 to 73 (and will go...
The Tax Reform Act of 1986 The Tax Reform Act of 1986: The law that still rules your retirement Forty years ago this month, in October 1986, President Reagan signed a sweeping piece of legislation that completely rewrote the rules for your money. If you own an...
Why “I’m Not Good at Math” Is Costing You Money Do you feel you are "not good at math?" Tom Mullooly discusses basic money skills are ALREADY taught in school. In math class. But many students still lack fundamentals like multiplication, percentages, and fractions....
Taxable Income For Long Term Care Taxable Income for Long Term Care: Is this a Roth Mistake? Is going "all-in" on a Roth conversion actually a costly retirement mistake? In this video, Tom Mullooly discusses the critical relationship between taxable income for long...
Effective Tax Rate Effective Tax Rate vs. Marginal Rate: Why Your Tax Bracket Isn’t Your Tax Bill Tom explains the common confusion between marginal tax rates and the effective tax rate. Being in a 22% or 32% bracket only applies to the next dollar of taxable income...
Medical Expenses in Retirement Planning your retirement income strategy usually involves mapping out fixed costs like a mortgage or car payments. However, unexpected medical expenses remain a massive wild card for most couples. A recent Fidelity report reveals a...
Claiming Social Security at Age 62 Are you considering early - claiming social security at age 62? Will there be Social Security Cuts in 2032? The Math on Claiming at 62 vs 67 (And How to Stress-Test Your Plan) This episode breaks down the math behind claiming Social...
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...
