Financial video library

Mutual Fund Capital Gains in 2024 Here are some key Takeaways: - Capital gains distributions can happen even in years when the market is down, as seen in 2022 - Owning mutual funds in retirement accounts (401k, 457 plan) doesn't have immediate tax implications for...

The Required Minimum Distribution - 2024 version Here are some key takeaways: - RMDs are calculated based on the account balance on December 31st of the previous year and an IRS life expectancy table. - The RMD amount changes yearly due to changes in account balance,...

Out Earn Social Security? Here are some key takeaways: 1.  Social Security benefits increase by 8% per year if delayed until age 70, which is a guaranteed return compared to the potentially higher - but riskier - stock market returns. 2.  On a risk-adjusted basis...

Meeting with a Financial Planner: what to expect Key takeaways: 2025 will have the most people ever turning 65 years old in America, with 4.18 million people reaching that age The average 401k balance at the end of 2023 was $272,588 The average Social Security check...

Does it make sense to move money from savings to the stock market because yields are falling? Interest rates on things like CDs, high-yield savings accounts and money market funds look like they will continue to fall due to the Federal Reserve lowering interest rates....

The Next ETF In this episode of Mullooly Asset video and podcast, Casey & Tom discuss an article by Jason Zweig that questions the expansion of exchange-traded funds (ETFs), and ponder the question, "What will be the next ETF?". They explain what ETFs are, how...

Cutting Rates, the Yield Curve, and Social Security In this episode of the Mullooly Asset Video and Podcast, the team experiments using Squadcast to record their session. The discussion centers on the upcoming Federal Reserve meeting and the potential interest rate...

The 401k is a great way to save money for your retirement. The tax advantages and ease of payroll deductions make it a no brainer. But what happens if you want to retire early? Or you want to remain under certain income thresholds in retirement? Should you put all...

2 Tips for Long-Term Investors We've all heard about how long-term investors can expect to earn 5, 6, 7, 8% per year. But why do a lot investors not actually earn those returns? In this week's video, Casey talks about a study from Morningstar that has repeatedly shown...

New Jersey Exit Tax - Video #385 Here are the key takeaways: - The New Jersey exit tax is not actually a tax for many people, but rather an estimated tax payment - It was introduced in 2004 by Governor Jim McGreevey to prevent people from avoiding capital gains taxes...

IRA: Need a Default Investment Option? Key takeaways: - Workplace plans like 401ks have the advantage of automatic paycheck deductions and investments, which facilitates dollar cost averaging - 28% of IRA rollovers stayed in cash for the first twelve months, which is...

According to a recent BlackRock survey, 99% of people think that having guaranteed income in retirement would help them financially. And we agree! Knowing that you have a guaranteed income source for life can be a huge benefit to retirees. But folks should know what...

The biggest fear retirees have is outliving their money. Overspending in retirement is one of the main reasons why this could happen. You might not know how much to pull from savings to make up your lost income. You might not know how long your savings will last. You...

A lot of retirees worry about outliving their money. And rightfully so! But that can also lead to underspending in retirement. Or, not spending as much as you can afford to. You spent your whole life working and saving money. Now it's time to retire, and you have to...

Financial Power of Attorney Financial Power of Attorney - Links Catch all our Mullooly Asset videos here Subscribe to the Mullooly Asset YouTube Channel   Financial Power of Attorney - Transcript In episode three eighty we talk about financial power of attorney....

Financial Planning: Get Step One Right - Video 379 Key Takeaways: - Nothing else matters in financial planning if you don't get step one right: knowing your cash flow. - You must know what's coming in and going out every month; understanding your expenses on a monthly...

Buy Now Pay Later Key Takeaways from "Buy Now Pay Later" Episode Lack of Reporting to Credit Agencies: Companies like Affirm, Klarna, and AfterPay do not report consumer debts from "buy now pay later" schemes to major credit reporting agencies like Equifax,...

End Of Life Financial Planning Key Takeaways: 1.   If someone is married and they pass away, this is the last year they can file a joint tax return, which may affect decisions on accelerating income for the surviving spouse. 2.  Selling an asset at the last moment or...

Is the Inherited IRA RMD Waived in 2024? Key Takeaways: - You are not required to take a minimum distribution from your inherited IRA in 2024. - The IRS has extended the waiver for required minimum distributions for inherited IRAs through 2024. - Different rules might...

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...