Financial video library

Get the latest resources on money topics that matter. 

3 Duties of an Executor

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. ...

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Do I Pay NJ Taxes on An Inheritance?

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...

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IRA Contributions Tax Deductible?

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...

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Where Will Your Retirement Income Come From?

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...

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Have Less Than $1 Million Saved for Retirement?

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...

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Is Owning Stocks a Risky Way to Invest?

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...

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What Should You Do With Your Old 401(k)?

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...

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What is Your Retirement Savings Goal?

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...

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The Cost of Long-Term Care

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...

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What to Do if You Owe Taxes?

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...

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New Tax Deduction for New Jersey 529 Accounts

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...

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Taking Money From Your 401(k) to Buy a House

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...

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63% of Investors Reported Making This Mistake

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...

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What Does a $1 Million Retirement Look Like?

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...

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How to Avoid Investing with Hindsight Bias

How to Avoid Investing with Hindsight Bias

Investing is so difficult because the future is always uncertain, but everything seems obvious after the fact. This leads investors into a harmful way of looking at the stock market called hindsight bias. In this week's video, Casey examines why investors fall victim...

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The Biggest Obstacles in Retirement

The Biggest Obstacles in Retirement

In this week’s video, Tom covers what individuals think are the biggest obstacles in retirement vs. what advisors think they are. Spoiler alert… there’s a BIG disconnect! He stresses the importance of advisors and clients being on the same page and speaking the same...

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