Financial video library

Taking money out of your investment account can be more complex than you might think. In this week's video, Casey walks you through the different factors that should be considered. Taking money out of the wrong place could cause a penalty or generate serious tax...

Things didn't work out with your spouse, and now you need to figure out how to split your investments during divorce. Casey has got you covered in this week's video. He explains what happens to joint brokerage accounts, cost basis information (which affects taxes),...

Is it better to aggressively pay down debt or just make the minimum payments and save/invest your money instead? This personal finance topic is constantly debated. There's no one size fits all because everyone's situation is different. However, there are some...

How To Lose Money, vol 3 An article in Morningstar recently showed how investors routinely lose money - on their own - by moving their money in and out of funds. This is another example how timing the market does NOT work.  It's not very complicated to see this is how...

To many people's surprise, yes, you may owe taxes on your Social Security benefits. How much tax you'll owe depends on how much other income you have. In this week's video, Casey walks through how to determine the taxation of your Social Security. Up to 85% of your...

Schwab TD Ameritrade - Video Episode #349 If you are a client of TD Ameritrade - pay attention! The merger between Charles Schwab and TD Ameritrade (Schwab TD Ameritrade) is nearly complete. Account holders at TD Ameritrade recently received (or will soon receive) a...

If you are still working and receiving Social Security benefits you need to pay attention to how much income you are making because it may reduce your benefit. In this week's video, Casey details what the income limit is, how the benefit reduction is calculated and...

In this week's video, Casey discusses the concern of outliving your retirement savings. This is the BIGGEST worry many retirees have and for good reason. With rising costs and the uncertainty of the market, folks may want to lock in a source of income in the future....

Are Elderly Clients Taking Too Much Risk? According to the Wall Street Journal (and Vanguard), some elderly investors might be taking too much risk with their investments. Is that possible?   The Wall Street Journal spells out their exasperation:  "America’s Retirees...

Update on the TD Ameritrade-Schwab Merger Here is an update on the TD Ameritrade-Schwab Merger.  The acquisition of TD Ameritrade by Schwab, announced in 2019, is to be completed on September 5, 2023.  Accounts will migrate from TD Ameritrade TO Schwab over Labor Day...

I spent too much money -- now what? I'm retired and I spent too much money!  Now what? Unexpected expenses happen all the time! So, expect them. We can help you prepare for that. We take a lot of time building cash flow projections for our clients and preparing for...

How much time does increasing your savings rate save you in retirement? ... The answer may surprise you. In this week's video, Casey discusses how a small increase in your savings rate **COULD** put your financial goals closer at hand. Other factors like your time...

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?  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...

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. ...

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...

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...

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...

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...

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...