It’s been said that, “A goal without a plan is just a wish”. This applies to personal finance, as well as many other aspects of life. Most people wish that they could stop worrying about their finances so much, but they have no plan to achieve that goal. When it comes to finances, not having […]

Here at Mullooly Asset Management, we help a lot of individuals manage their retirement accounts at work. In doing so, we’ve taken a look at countless 401k’s, 457’s and 403b’s. Within many of these employer sponsored plans, a Roth option is offered. I’ve noticed some confusion between these Roth 401k’s (or Roth 403b’s…or Roth 457’s) […]

If you’ve looked into buying life insurance before, there’s a good chance you’ve heard the adage, “Buy term and invest the difference”. We do not sell insurance at Mullooly Asset Management or hold ourselves out to be insurance experts. However, we do help our clients out with basic financial planning, and in doing so insurance frequently […]

On this week’s podcast Tim and I discuss why we’re incapable of telling people what age they’ll be able to retire at. This might be disappointing to hear, but it’s the truth. We aren’t able to predict what age you’ll be able to retire at or how much money you’ll need to do so with […]

At Mullooly Asset Management, one of the foundations of our strategy is point and figure charting. Point and figure charting is a type of technical anaylsis that tracks security prices through columns of X’s and O’s. People successfully use other types of technical analysis to manage money, but we prefer point and figure because we […]

It may not always be appropriate to max out your 401k contributions. That’s right, Tom and I make the case for not maxing out your 401k contributions on this week’s Mullooly Asset Management podcast. Probably not what you were expecting to hear, right? Let me preface this post by saying that most of the time, […]

We’ve definitely seen an increase in job creation recently. This is generally a good economic sign: more jobs being created means consumers are more willing to spend money, thus stimulating the economy. We haven’t seen this lately though, leaving many to wonder what’s up? On this week’s Mullooly Asset Management podcast, Tom and Tim discuss why […]

“I’m saving for a down payment on a home.” “I’m saving for my child’s college education.” “I’m saving for retirement.” These are three very different goals, yet all have been deemed “saving”. Not to get picky, but there’s a big difference between saving and investing. It’s important to clarify which one you’re doing. On this week’s […]

One of the most frequently quoted time periods in finance is the ambiguous “long term”. We’re all supposed to be long-term investors, and studies show that “over the long term” results will be desirable. This sounds nice, but what is this mythical “long term”? Is there a defined period of time that qualifies as “long […]

“Fee-based…fee-only…same thing, right?”. We’ve heard this before, and if it sounds correct to you then the brokerage industry’s obfuscation has succeeded. Just last week, Tom and Brendan discussed why you need to ask how your advisor is compensated. With so many advisors taking the dually-registered route these days, it’s integral that you understand their business […]