Financial video library

Get the latest resources on money topics that matter. 

Beneficiary IRA, Inherited IRA, SECURE 2.0 Act

Beneficiary IRA, Inherited IRA, SECURE 2.0 Act

Beneficiary IRA, Inherited IRA, SECURE 2.0 Act - Video Episode 375 Key Take-aways: 1. Non-spouse beneficiaries cannot roll inherited retirement accounts into their own IRAs; they must set up a separate inherited or beneficiary IRA. 2. Under the SECURE Act, inherited...

read more
Secure 2.0 Act

Secure 2.0 Act

Secure 2.0 Act In this video, Tom attempts to briefly highlight nine points from the Secure 2.0 Act in four minutes or less! 1.  RMD changes 2.  Larger catch-up provisions 3.  Roth @ work - can be matched 4.  Qualified Charitable Distributions can now include $50k to...

read more
Inflation Never Stops – Video 374

Inflation Never Stops – Video 374

Inflation Never Stops Key Take-aways: 1. Inflation operates continuously, similar to a "compounding machine," and rarely produces negative numbers, with a recent example being in 2009. 2. A decrease in inflation rates does not imply a decrease in prices but rather a...

read more
Inflation Is Cumulative

Inflation Is Cumulative

Inflation Is Cumulative Key Takeaways: Inflation is cumulative, not just year-by-year; it builds up over time affecting the cost of goods and services. The rate of inflation can vary each year, but even when it decreases, it typically does not negate the previous...

read more
Automatic IRA Act of 2024

Automatic IRA Act of 2024

Automatic IRA Act of 2024 - Video Episode 372 Key Take-aways: 1. The "Automatic IRA Act of 2024" requires employers with ten or more employees to set up automatic retirement contribution plans for all full-time and "long-term part-time" employees, with...

read more
The S&P 500: cap-weighted or equal-weight?

The S&P 500: cap-weighted or equal-weight?

The S&P 500: cap-weighted or equal-weight? Key Takeaways: Diversification is key to a smoother investment journey; different types of investments (e.g., mid-caps, small-caps, large-caps, international vs. US) perform differently at various times, helping to...

read more
Do I Owe Taxes on a Gift?   #368

Do I Owe Taxes on a Gift? #368

Do I Owe Taxes on a Gift? Key Take-aways from the question, "Do I Owe Taxes on A Gift?": If you are the recipient of a gift, you do NOT owe a gift tax on this money. In 2024, if you are a gift GIVER, you can now give up to $18,000 to one person, without needing to...

read more
Higher Taxes Headed Your Way?

Higher Taxes Headed Your Way?

Higher Taxes Headed Your Way? Are higher taxes headed your way in the future? These potentially higher taxes may be due to higher than expected required minimum distributions (RMD's). The starting age for RMD's is now 73.  We even had a period where there were no...

read more
Should You Buy Gold Bars at Costco?

Should You Buy Gold Bars at Costco?

Should You Buy Gold Bars at Costco? Costco recently began selling one ounce gold bars. Should you take advantage of this? Costco recently began selling gold bars online, not in stores, and sold one hundred million dollars' worth in the recent fiscal quarter. Buying...

read more
Real Estate or Stocks, what’s better?

Real Estate or Stocks, what’s better?

Real Estate vs. Stocks In video episode 365: Tony invested his $50,000 inheritance in real estate by putting it down on a $250,000 house and renting it out, initially earning $24,000 a year in rent but facing mortgage and maintenance costs associated with real estate....

read more
Cash Flow Matters

Cash Flow Matters

Cash Flow Matters In video episode #364, Tom covers: - Cash flow matters - and is crucial at every stage of financial planning, whether starting out in life, getting out of debt, preparing for retirement, or running a business. - People often focus too much on assets...

read more
Target Date Fund: Your New Landlord?

Target Date Fund: Your New Landlord?

Target Date Fund: Your New Landlord? How in the world can your Target Date Fund be your next landlord? In episode 363, Tom discusses how a Target Date Fund - these funds are often one of the default fund choices for many retirement plan investors (and college savers!)...

read more
Long Term Care in New Jersey

Long Term Care in New Jersey

Long Term Care in New Jersey In this episode (video episode # 362), Tom shares some information about the Medicaid process and long term care here in New Jersey.  It's no surprise, the cost of long term care in New Jersey (and around the country) continues to climb...

read more
More Money More Problems, Episode 361

More Money More Problems, Episode 361

More Money, More Problems, Episode 361 Do you need more money to be happy?  The "slam dunk" answer is "of course!" But is that really the answer? In episode #361, Tom discusses the results of a recent survey conducted by Empower. Sadly, we have learned more people...

read more
401k Plan Changes?  Episode 360

401k Plan Changes? Episode 360

401k Plan Changes?  Episode 360 In this video, Tom discusses significant 401k plan changes are coming (soon!) to one of the oldest and largest  401k plans in the United States. Recently (early November), IBM announced they were no longer making employer matching...

read more
How To Calculate Your RMD, part 2

How To Calculate Your RMD, part 2

Calculate Your RMD, part II How to calculate your RMD, part II: in this video #357, Tom walks through a specific example of calculating a first year Required Minimum Distribution, or RMD. You'll need the values (as of 12/31 the year before) and also need the "life...

read more
Mullooly-Main-Logo

Future-Proof Your Finances

Download the 25-Year Success Strategy

 
Enter your email & get this free PDF download to help you prepare for the next 25 years.  We will send periodic updates as well. Unsubscribe at any time.

You have Successfully Subscribed!