Time stamps:

2:00 – “Which bond ETF should I invest in?”

6:00 – “How can I recover from losses in my IRA?”

9:25 –  “Where should we invest a profit sharing distribution to minimize the taxes?”

11:50 – “Should I start managing my own retirement account?”

14:45 – “Can I move funds from a retirement account, from a former employer, into an individual 401(k)?”

21:55 – “How should I invest my 401(k) savings after I retire?”

 

Mullooly Asset Podcast #189: Tim & Tom Answer Your Questions

Tom Mullooly: Welcome back to the Mullooly Asset Management podcast. This is episode number 189, 189. My name is Tom Mullooly. I am the CEO and President of Mullooly Asset Management, and with me this afternoon-

Tim Mullooly: Is Tim Mullooly. I am an Investment Advisor here at Mullooly Asset Management. Today, we’re gonna continue to answer some questions that we get on a weekly basis. We’ve been doing this for a couple podcasts now, and it seems to be working out. We’re getting some good feedback from people, so we’re gonna keep rolling with it.

Tom Mullooly: Yeah. What we’re finding is that when people take the time to write these questions in … they send them in to a website … and we can view them and pick out ones that we think are worth talking about or worth discussing on this podcast. What we’re finding is that some of our listeners have similar questions or off-shoots on the same topic, so if you hear a topic that interests you or you have a question about, definitely get in touch with us and we’d be happy to feature your question or discuss your topic on a future podcast. Tim, why don’t we jump right in with some of the questions that we’ve got today.

Tim Mullooly: Sure, let’s get started. First up, “which bond ETF should I invest?”

Tom Mullooly: Oh, that’s easy. The one that goes up the most.

Tim Mullooly: In a perfect world, yeah.

Tom Mullooly: Can we predict the future?

Tim Mullooly: Unfortunately, not yet.

Tom Mullooly: No. So we can’t predict the future. We can’t tell you which one is going to be the best. It’s a tough question for advisors to answer, because we don’t know who’s asking the question.

Tim Mullooly: Right. Everyone’s situation is different, so to properly answer this question we would need to have this person come in, and learn a little bit about them and their situation, and what they need and what they’re looking for from these types of investments. Otherwise, without that information, it’s kind of impossible to answer a question like this.

Tom Mullooly: It’s like asking, “What do you like better, chocolate or vanilla? What’s better, chocolate or vanilla?” Well, it really depends on your taste.

Tim Mullooly: Well, do you like chocolate or vanilla?

Tom Mullooly: Right. So if you go to episode 51 of our videos, you’re going to see that I got into a discussion about “know your client.”

Tim Mullooly: Right.

Tom Mullooly: And it’s hard for an advisor to make a blanket recommendation, that “This bond ETF is better than that bond ETF.” We can’t make a suggestion or a recommendation to someone until we know more about your situation. It’s not like we’re trying to dodge the answer. The answer is there’s lots of good bond ETFs out there. We have to find what your situation’s about, and then determine which is best for you.

Tim Mullooly: Right.

Tom Mullooly: And a lot of times, it’s not a decision about good or good versus bad.