Financial Planning

At Mullooly Asset Management, some of our clients might think of us as their personal CFO (Chief Finance Officer).  We would prefer individuals be the captain of their own ship, but we may be able to help you along the way to taking better control of your finances, and your investments.  In  this section of our website, we address many topics/questions that our clients ask us.

Financial planning is a very broad topic, some of the specific areas covered here include: saving for college, retirement savings vehicles, retirement planning, investor behavior, financial goal setting and much more. If you or a loved one has a financial planning question you would like us to answer please feel free to get in touch with our team by calling 732-223-9000.

We remind our clients that their family members and loved ones do not have to be a client of Mullooly Asset Management in order to ask us questions!

You can view our Disclosures and Legal Disclaimers page here.

Here are some of our most recent articles:

  • What’s Your Investment Minimum?

    November 6, 2019
    When it comes to the question, “what’s your investment minimum,” many advisors try to get cute when responding. On one hand, advisers don’t want to set too a high threshold. A high investment minimum may leave some folks left to interpret “we’re too small to be a client of yours!” On the other hand, an advisor announcing ...
  • Fixing Pensions Won’t Come From the Market

    April 10, 2019
    Fixing pensions won’t come through stock market gains.  Pensions are in trouble because the amount owed to retirees is compounding faster than any returns a pension plan could earn in the stock market, or any market. An article in the Wall Street Journal spells out the story. From the article, the state of Maine has roughly ...
  • Is a Roth IRA Ever Tax Deductible?

    March 26, 2019
    No. The End. Rather than have this be the shortest blog post ever, I want to refine my answer a bit. There is no deduction for Roth IRA contributions since money goes into these accounts after-tax. But there may still be a tax benefit to making Roth IRA contributions, aside from the potential for tax-free income ...
  • About Your Tax Refund

    March 18, 2019
    Is your tax refund smaller this year? Some folks are discovering their tax refund is smaller than last year, or smaller than expected. Or worse, they may owe money on taxes. “Where is the tax cut I was promised?” I discussed this recently in a thread on Twitter with Nicole Boyson, Finance Professor at Northeastern University. ...
  • Emergency Savings

    February 28, 2019
    Where is your “emergency savings” sitting? The answers we’ve heard shocked us:One gentleman told us the money sitting in utility stocks was his emergency money. Good grief. Some folks have a few measly bucks socked away in a bank account, just in case. Some have confided they consider the 401k at work to be their “emergency money.” We’ve ...
  • Inside ETFs 2019

    February 14, 2019
    I just got back from Hollywood, Florida where I spent the last few days at this year’s Inside ETFs conference. It was a special trip for me because this was my first chance to participate in a panel discussion. I’m incredibly grateful to the people at Inside ETFs for giving me the opportunity. Big shout to ...
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