We surveyed our clients to find out why they work with an investment advisor. An overwhelming amount had the same #1 answer. In this video, Tom explains what that answer is, and why we built our financial planning process around it. Show Notes Get To Know Us -...
Last week we highlighted the importance of being a fiduciary. This week, we have one more point about fiduciaries and it revolves around a Pennsylvania teacher's pension plan. A true fiduciary shouldn't be taking excessive risks and putting large chunks of money into...
Do you know if your advisor has your best interest in mind at all times? If your advisor is a fiduciary, you can be certain that they do. In this video, Tom explains how not every advisor is a fiduciary, and why it's so important to make sure you're working with one....
In 2010, Warren Buffett told shareholders why they pay such a "steep price" to keep so much money in the bank. Having cash on hand gives him the ability to sleep well at night. In this video, Tom explains why 11 years later that is STILL good advice. Especially...
There are a number of ways to define financial planning. Plenty of "financial planners" do things differently. In this week's video, Tom describes a number of different approaches to financial planning, and outlines how we do things here at Mullooly Asset Management....
In the wake of Bernie Madoff's death, Tom answers a very important question EVERY investor should ask their advisor: "How do I know you're not the next Bernie Madoff?" The distinction comes down to one KEY word: custody. https://www.youtube.com/embed/7nU1_2EOHPY "How...
Deciding when to claim Social Security is a BIG decision for folks. Taking the emotions out of the equation, it's important to know the facts and the math behind this decision. Claiming too early could cost you money in the long run. In this week's video, Tom walks...
Is it really possible to owe $800k in taxes on $45k of profits? The answer, sadly, is yes. In this video, Tom explains how one individual got himself into a tax nightmare by day trading his account on margin and not understanding the wash sale rule. Check out this...
The real estate market has been HOT lately, especially here in Monmouth County, NJ. But is homeownership for everyone? We break down some pros and cons in this week's video. https://www.youtube.com/embed/fTnOGna2GEY Show Notes 'Is Homeownership for Everyone?' -...
With the tax filing deadline right around the corner, we discuss the difference between marginal and effective tax rates in this week's video. It's important to understand the distinction because most people don't pay as high of a percentage in taxes as they think!...
