When we begin working with new clients, we try our best to explain investing is (to some small degree) a participation sport. Clients need to be involved! And for the most part, clients get it. I’d like to believe we do a good job of explaining what’s needed and we stay in good contact. But… [Read More] Coercion versus Changing Behavior
Personalized Retirement Account Advice Individuals are more likely to pay for an oil change than they are for personalized advice on their workplace retirement account. Don’t believe it? According to a recent Charles Schwab survey, it’s true. Although 87% of those surveyed stated that a 401k was a “crucial benefit”, only 24% said they were likely… [Read More] Getting Personalized Retirement Account Advice
For many investors, their workplace retirement account is the largest nest egg they’ll accumulate. Whether your option is a 401k, 403b, or 457, recently the message has become loud and clear: tax-deferred savings are something to take advantage of. If you’re contributing to your retirement account at work, good stuff. Now onto the next hurdle: how much should you be contributing?… [Read More] Don’t Trust Your 401k’s Default Contribution Rate
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Group_Annuity_Policies_An_Expensive_Way_to_Invest_May_2015_Podcast.mp3Subscribe: Android | RSSAt Mullooly Asset Management, we help a lot of individuals manage their retirement accounts at work. The type of retirement account doesn’t matter (401k, 403b, or 457), we advise individuals on how to allocate their retirement savings within these plans. Sometimes, we review a client’s employer sponsored plan and it seems to be… [Read More] Group Annuity Products: An Expensive Way to Invest
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Roth_IRA_or_Roth_401k_April_2015_Podcast.mp3Subscribe: Android | RSSHere at Mullooly Asset Management, we help a lot of individuals manage their retirement accounts at work. In doing so, we’ve taken a look at countless 401k’s, 457’s and 403b’s. Within many of these employer sponsored plans, a Roth option is offered. I’ve noticed some confusion between these Roth 401k’s (or Roth… [Read More] Roth IRA or Roth 401k?
New Retirement Plan Contribution Rates 2015 One of the many services we provide to our clients at Mullooly Asset Management is managing the risk in their retirement accounts. We help investors with their 401k accounts, 403b annuities, 457 plans, and IRA’s. Last week the IRS announced adjustments to retirement plan contribution levels for 2015. If… [Read More] IRS Sets New Retirement Plan Contribution Levels for 2015