Financial video library
Get the latest resources on money topics that matter.
Duties of an Executor in New Jersey
What are the duties of an Executor in New Jersey? In Episode #341 of the Mullooly Asset Show, Tom discusses some of the duties of an executor in New Jersey. Most folks will likely only need to serve as an executor perhaps once or twice in their lifetime. We've helped...
Sell In May (and Go Away) in 2023?
Sell in May, and go away, in 2023? Really? Should we be doing this with our investments? We've heard this advice for decades. The financial media loves to pound this point over and over, on an annual basis, every spring. This often makes us FEEL like we are making...
3 Duties of an Executor
Let's discuss the duties of an executor. So, you have just been named as executor of an estate. You have our condolences! That's because you (probably) will have some work ahead of you. In this video, Tom discusses the three primary duties of an executor. ...
Do I Pay NJ Taxes on An Inheritance?
So, do I pay NJ Taxes on an Inheritance? In this week's video (Episode #338) from the Mullooly Asset Show, Tom tackles the question "Do I pay NJ Taxes on an inheritance?" We get asked about NJ Inheritance taxes quite a bit, and we decided to make a video about it. As...
IRA Contributions Tax Deductible?
Are IRA Contributions Tax Deductible? We are often asked, are your IRA contributions tax deductible? Well, in this week's video, episode #337), Tom discusses the choice (the decision) you need to make regarding whether to put money into an IRA, or not. Tom walks...
Where Will Your Retirement Income Come From?
In this week's video, Casey discusses your most likely sources of retirement income. He breaks down how much to expect (on average) from each category and some things to consider when deciding where to pull money from in retirement. Casey covers a lot of ground in...
Have Less Than $1 Million Saved for Retirement?
In this week's video, Casey discusses what folks with less than $1 million saved for retirement should focus on to get ready. While these big round numbers seem important, the truth is that the majority of retirees have less than $1million saved for retirement. And...
Is Owning Stocks a Risky Way to Invest?
Everyone thinks that owning stocks is a risky way to invest. But have you ever considered what makes them risky? In this week's video, Tom compares the benefits of investing in stocks vs. the risks. While stressing that investors need to understand the difference...
What Should You Do With Your Old 401(k)?
We know that your old 401(k) account probably isn't top of mind when changing jobs. But don't lose track of it because every dollar counts. Employers and retirement plan providers tend to make your options unclear. So in this week's video, Casey covers 4 different...
What is Your Retirement Savings Goal?
In this week's video, Casey discusses how much is enough to live on in retirement. It's important for you to have a personalized retirement goal and not get sucked in to some round number. Casey discusses multiple guidelines we often come across. But there is really...
The Cost of Long-Term Care
One of the biggest risks in retirement is the cost of long-term care. Do you buy an insurance policy ahead of time or pay out of pocket when the time comes? In this week's video, Tom discusses this difficult topic and lays out what long-term care costs on average. He...
Why You Should Use ETFs Instead of Mutual Funds
In this week's video, Tom talks about the reasons you should use ETFs (exchange traded funds) instead of mutual funds. Lower fees and tax efficiency savings might not seem like a big deal, but these small amounts will add up over time to make a big difference over...
What to Do if You Owe Taxes?
Nobody likes surprises during tax season, especially if it means you owe taxes. In this week's video, Casey discusses why you might owe money, what you can do about it, and why it might not be a bad thing. While getting a tax refund might feel good, it means you got...
3 MORE Potential Tax Deductions For NJ Residents
In this week's video, Tom discusses 3 more potential tax deductions for New Jersey taxpayers. These new deductions became available under the recently passed New Jersey College Affordability Act. If you have young children, go to a New Jersey state school or have New...
New Tax Deduction for New Jersey 529 Accounts
In this week's video, Tom discusses how saving for college in a New Jersey 529 account could provide a new tax deduction for folks. There are requirements that must be met by NJ taxpayers in order to qualify for this deduction. Tom also addresses a common worry we...
The Biggest Difference Between Investing and Gambling
A lot of folks feel like the odds are stacked against them when it comes to investing in the stock market. But is that actually true? In this week's video, Casey talks about the biggest difference between investing your money in the stock market and gambling at the...
Taking Money From Your 401(k) to Buy a House
In this week's video, Tom answers whether or not you should take money from your 401(k) to buy a house. You need to know all of the ramifications of taking a retirement account distribution BEFORE you do anything. Tom walks you through it all while offering up some...
How Often Should You Expect Average Stock Market Returns?
We are often asked "what can I expect my portfolio to return each year?". Historical stock market returns offer an answer. But that answer doesn't do a good job of setting expectations because average returns don't happen very often. In this week's video, Casey...
63% of Investors Reported Making This Mistake
How are investors supposed to avoid making financial decisions based on emotion? And if you are not supposed to invest based on how you feel, what are you supposed to base your decisions on? Tom covers this and more in this week's video. He shares research that shows...
What Does a $1 Million Retirement Look Like?
In this video, Tom covers what a $1 million retirement might look like. $1 million seems like a lot of money to most people, but is it even enough to maintain your lifestyle in retirement? Tom discusses 4 things folks should do to make sure their $1 million allows...