Financial video library

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: https://www.youtube.com/watch?v=KjXCJPte8E4 - 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...

IRA: Need a Default Investment Option? Key takeaways: https://www.youtube.com/watch?v=UcdgIEXuXfs - Workplace plans like 401ks have the advantage of automatic paycheck deductions and investments, which facilitates dollar cost averaging - 28% of IRA rollovers stayed in...

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 https://www.youtube.com/watch?v=F7JC_NXEmR4 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...

Buy Now Pay Later https://www.youtube.com/watch?v=NZOMOQzlBzw 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...

End Of Life Financial Planning https://www.youtube.com/watch?v=5PPPOVyYAmk 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....

Is the Inherited IRA RMD Waived in 2024? https://www.youtube.com/watch?v=jgVffctqrgc 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...

Beneficiary IRA, Inherited IRA, SECURE 2.0 Act - Video Episode 375 https://www.youtube.com/watch?v=BAUs4SFuBkM Key Take-aways: 1. Non-spouse beneficiaries cannot roll inherited retirement accounts into their own IRAs; they must set up a separate inherited or...

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! https://www.youtube.com/watch?v=Q-mRfVkqIX8 1.  RMD changes 2.  Larger catch-up provisions 3.  Roth @ work - can be matched 4.  Qualified...

Inflation Never Stops https://www.youtube.com/watch?v=PsptvORsSCE 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...

Inflation Is Cumulative https://www.youtube.com/watch?v=mweZ7vjXxPo 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...

Automatic IRA Act of 2024 - Video Episode 372 https://www.youtube.com/watch?v=qhYZjpN9OUA 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...

Using a Roth IRA for a Down Payment - episode 371 https://www.youtube.com/watch?v=TFqmzwaPjGo Key take-aways: If your company offers a match, consider contributing up to the amount where you will get a match. If you have an option for a Roth 401(k) contribution, you...

The S&P 500: cap-weighted or equal-weight? https://www.youtube.com/watch?v=mn05Y_NfKZI 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...

Do I Owe Taxes on a Gift? https://www.youtube.com/watch?v=BiNYqSV99yI 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...