Financial video library

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...

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...

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...

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...

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...

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...

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...

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...

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...