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Mullooly Asset Management, Inc

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Interest Rates are Too Low!

September 22, 2014 by Thomas Mullooly

A post from Business Insider prompted this week’s Mullooly Asset Management video. You can check out the post here: http://www.businessinsider.com/wall-street-is-worried-about-savers-2014-9

The article talks discusses how interest rates are too low for seniors and retirees to live off of. That’s absolutely true. However, the article makes it seem like this is a new development.

Interest rates have been too low to live off for almost 20 years now. The last time interest rates of CD’s were at 6% was in the 90’s!

The Fed won’t be doing anything to drastically increase income levels for investors any time soon. So what’s everybody supposed to do?

Investors need to find other ways to get income from their investments and/or manage their cash flow more effectively. These are both things we help our clients with every day at Mullooly Asset!

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Filed Under: Videos, Asset Management Tagged With: interest rates

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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