Meeting with a Financial Planner: what to expect Key takeaways: 2025 will have the most people ever turning 65 years old in America, with 4.18 million people reaching that age The average 401k balance at the end of 2023 was $272,588 The average Social Security check...
Does it make sense to move money from savings to the stock market because yields are falling? Interest rates on things like CDs, high-yield savings accounts and money market funds look like they will continue to fall due to the Federal Reserve lowering interest rates....
The Next ETF In this episode of Mullooly Asset video and podcast, Casey & Tom discuss an article by Jason Zweig that questions the expansion of exchange-traded funds (ETFs), and ponder the question, "What will be the next ETF?". They explain what ETFs are, how...
Cutting Rates, the Yield Curve, and Social Security In this episode of the Mullooly Asset Video and Podcast, the team experiments using Squadcast to record their session. The discussion centers on the upcoming Federal Reserve meeting and the potential interest rate...
The 401k is a great way to save money for your retirement. The tax advantages and ease of payroll deductions make it a no brainer. But what happens if you want to retire early? Or you want to remain under certain income thresholds in retirement? Should you put all...
2 Tips for Long-Term Investors We've all heard about how long-term investors can expect to earn 5, 6, 7, 8% per year. But why do a lot investors not actually earn those returns? In this week's video, Casey talks about a study from Morningstar that has repeatedly shown...
New Jersey Exit Tax - Video #385 Here are the key takeaways: - The New Jersey exit tax is not actually a tax for many people, but rather an estimated tax payment - It was introduced in 2004 by Governor Jim McGreevey to prevent people from avoiding capital gains taxes...
IRA: Need a Default Investment Option? Key takeaways: - Workplace plans like 401ks have the advantage of automatic paycheck deductions and investments, which facilitates dollar cost averaging - 28% of IRA rollovers stayed in cash for the first twelve months, which is...
According to a recent BlackRock survey, 99% of people think that having guaranteed income in retirement would help them financially. And we agree! Knowing that you have a guaranteed income source for life can be a huge benefit to retirees. But folks should know what...
The biggest fear retirees have is outliving their money. Overspending in retirement is one of the main reasons why this could happen. You might not know how much to pull from savings to make up your lost income. You might not know how long your savings will last. You...
