New York State Deferred Compensation Plan: Pro’s and Con’s of Loans

October 22, 2012 by Thomas Mullooly

This video from Mullooly Asset Management contains last week’s podcast about taking a loan from your New York State Deferred Compensation plan. The video contains informational slides that will allow you to better understand Brendan and Tom’s discussion of the pro’s and con’s of taking a loan from your New York State Deferred Compensation plan. Tom Mullooly manages the investments of over 300 different individuals who participate in the NYSDCP, so he is highly knowledgeable on the subject. The slides from this presentation will be available to download on Slide Share, and we encourage you to save these slides and look them over.

Taking a loan from your New York State Deferred Compensation plan is something that you should research heavily before making any decisions about. This presentation will allow you to hear the pro’s and con’s of taking a loan from your NYSDCP.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment or investment strategy will be profitable or equal to past performance levels.

All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions, or withdrawals may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for an investor’s portfolio.

Now, if you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here be considered specific investment advice.

Make sure to visit Slide Share to download the slides from this presentation and iTunes to download the original podcast about taking a loan from your NYSDCP for free!

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.