In Ep. 180 of the Mullooly Asset Show, Tom talks about new changes to the Form W-4, and how it can affect individual's tax withholding. These changes will make it easier to get your withholding just right. ? Show Notes Tax Withholding Estimator - IRS.gov New Changes...
Does Your Employer Help With ‘Financial Wellness’?
In Ep. 179 of the Mullooly Asset Show, Tom talks about how some employers have begun helping employees with their 'financial wellness' outside of a traditional salary. They utilize methods like pay-day advances, auto-deductions for student loans, auto-enrollment in...
What is an Average Market Drawdown?
In Ep. 178 of the Mullooly Asset Show, Tom talks about historically what the average drawdown is per year in the market. He shares numbers going back to 1920, and more recently from 1980 onward. He also has a message for those who get scared when the market drops a...
The Coronavirus and the Stock Market
In Ep. 177 of the Mullooly Asset Show, Tom talks about the new coronavirus making its way around the world, and how the stock market has performed during previous outbreaks and epidemics. ? Show Notes 'What Happened to Stock Markets During Previous Pandemics?' -...
How Does Your 401(k) Stack Up?
In Ep. 176 of the Mullooly Asset Show, Tom shares some statistics from Investopedia about the average 401(k) balance by age. How does your 401(k) stack up to the averages? But more importantly, does it matter how you're doing versus the average? ? Show Notes 'What's...
Credit Card Rewards are Not Very Rewarding
In Ep. 175 of the Mullooly Asset Show, Tom explains why credit card reward programs are not as rewarding as you might think. Getting another credit card just because they offer points is usually a bad idea. ? Credit Card Rewards are Not Very Rewarding - Transcript...
The Power of Patience
In Ep. 174 of the Mullooly Asset Show, Tom gives a great example of the power of compound interest and patience when it comes to your investments. Making 10% means very different things when you have $20,000 or $200,000. ? The Power of Patience - Transcript Tom...
Get 2020 Started on the Right Foot
In Ep. 173 of the Mullooly Asset Show, Tim shares a few important financial planning tips to check off your list as we move into 2020! Financial plans are never set in stone, and it's important to review what's happened over the last year. ? Show Notes 'A Year-End...
Fall in Love With People, Not Stocks
In Ep. 172 of the Mullooly Asset Show, Tom talks about why it's so easy for people to fall in love with individual stocks' stories. Clinging onto stocks with "good stories" is also a good way to eventually getting burned by stocks. Tom uses a few examples in this...
Everybody Pays Something to Invest
In Ep. 171 of the Mullooly Asset Show, Tom talks about a recent survey that showed a large number of people who think they are paying "nothing" for their investments. That could not be further from the truth, and investment fees are very important to understand. ?...