We've had a lot of people ask us if they can make an account "payable on death". "Payable on Death" (or POD accounts) accounts are offered by banks. When the account's owner passes away, the intended recipient can walk into the bank with their death certificate and...
We recently had a client get in touch with us here at Mullooly Asset. They had an IRA elsewhere that "wasn't doing anything" and wanted us to begin managing it for them. So we reviewed their account and found out more regarding their situation. This individual left a...
What are your options when you inherit an IRA from somebody who wasn't your spouse? This is a great question and one that we help clients with on a regular basis. There are a handful of options available in this situation. This specific type of IRA is fittingly...
A lot of investors who have been sold annuities believe that it doesn't matter what happens in the market because they've been guaranteed a specific rate of return. When it comes to the guarantees of most deferred annuities there are a couple of things you should keep...
Recently there's a been a lot of curiosity about the strong second quarter turned in by the bond market. Tom discusses two theories that may explain the bond market's second quarter. These are, of course, just theories because nobody ever discloses their personal...
We recently read a post on the Wall Street Journal about big investors who have missed out on the stock market rally of the last five years. The article talked about endowments from colleges and universities and corporate pension plans. Ten years ago the average...
Have you ever wanted to know whether a stock traded on the NASDAQ or New York Stock Exchange? There's a simple way to determine which exchange a stock trades on. While it's not always correct, more often than not you can tell which exchange a stock belongs to by...
Tom and Brendan recently discussed equal and cap weighted indexes on the podcast. Through use of an analogy, they explained that the House of Representatives is like a cap weighted index and the Senate is like an equal weighted index. In today's video you'll learn...
To follow up from last week's podcast, Tom put together a quick video explaining why money market fund rates are so low. After 2008, the SEC changed some rules that dictate the type of securities allowed to be held in money market funds. Some of the key requirements...
In our most recent podcast, Tom and Brendan discussed the yield curve. We've found that the average investor usually doesn't understand what brokers, advisors, or financial media members are talking about when they refer to the yield curve. If you missed that podcast...
