Mullooly Asset Management

Ready to demystify Roth conversions? Join us as we untangle the intricate webs of Roth and traditional IRAs, their tax implications, and the key reasons behind the strategic switch. We promise to offer you a clear understanding of the potential benefits and drawbacks, and help you navigate your individual financial situation. It's a journey of discovery that will empower you to make informed decis...

Does the thought of switching from being a diligent saver to a spender during retirement unsettle you? We understand this and are here to help you navigate this shift with ease and confidence. In our engaging conversation with Tom, we delve into the psychological aspect of retirement spending and the fear that comes with the possibility of outliving your savings. We analyze how the financial tide...

Have you ever felt overwhelmed by the world of investments, specifically annuities? You're about to witness a clear, concise breakdown of the complex web of annuities and gain an understanding that could be transformative for your financial future. This episode is packed with insights into the four primary types of annuities - immediate, deferred, fixed deferred, and variable deferred, carefully e...

The first thing that's often declared when a merger occurs is "Nothing will change!"  In our experience, nearly everything will (eventually) change!  Ever wonder how big mergers in the financial world can affect you? Buckle up, because we're about to explore the recent TD Ameritrade and Charles Schwab merger, and how it impacts compliance and custody. We shed light on the transition process, the c...

How safe are your communications in the financial services industry? Hold your breath as we take you through the labyrinth of communication within financial firms, spotlighting the indispensable need for documenting and archiving every single exchange. We don't stop there, we delve into the significance of disclaimers and disclosures, and discuss how the digital revolution has amplified the need f...

Strap in for a riveting tale of resilience and triumph as my son, Casey, defies the odds. Not only has Casey been battling leukemia with an unshakeable fortitude, but he's also been laser-focused on his studies to become a Certified Financial Planner (CFP). The cherry on top? His leukemia is now undetectable, and we couldn't be happier to share this wonderful news. But our conversation doesn't sto...

Ever felt your heart flutter at the mere mention of market volatility? We're here to change that! We'll debunk the common myths surrounding volatility, and reveal why it isn't the beast it's often made out to be. We will take you on a thrilling ride through the peaks and valleys of the stock market, centering on the often misunderstood VIX index.  We'll show you how it's not just a "fear gauge" bu...

Ever wondered how the intricate world of financial planning truly operates? Tom shares some insight into this world, as a financial planner who's been in the trenches for four decades. In this episode, we journey through my 40-year career in financial planning.  From my beginnings as a young college graduate (age 20!) through my start with EF Hutton, where I gained in-depth knowledge in investment...

When most folks think of "consumer discretionary" companies, the names they might think of are names you "could live without."  And if we entered into an economic slowdown, you might "pass" on shopping with some of these companies.  But when look under the hood, what the market considers to be consumer discretionary stocks might surprise you! As we begin the podcast episode, we start with a questi...

Late Boomers (1956-1964) appear to be the LEAST prepared for retirement.  Why is that? In podcast episode #445, Tim and Tom break down SOME of the reasons why late boomers might be poorly-prepared for retirement, compared to other generations. The guys however (first) discuss down-and-sideways markets, like we have seen over the past eighteen months (January 2022-May 2023).  They reference an arti...

Financial Planning Software Tools Used by Our Advisors What are the financial planning tools used by the advisors at Mullooly Asset Management?   As we discuss in episode #444 of the podcast, there are several widely-used financial planning software tools used by the largest firms in the industry.  So you may be surprised - we swipe a little from ALL of them!  Over time, we have found that there i...

Focus on these 10 things you can control about Investing In this podcast (episode #443), Tim and Tom run through an excellent list compiled by a fellow planner, Max Pashman, CFP® which separates things you can't control versus ten things you can control.   It's one thing to think you have all the answers when it comes to financial planning and investing.  It can be very frustrating at times - it s...

"My Home Was The Best Investment I Ever Made" Episode 442 of the Mullooly Asset podcast starts with: We've lost count of the times we have heard "my home was the best investment I ever made."But is it really? It might be because your home may be the ONLY investment you have held for thirty years.  When you go through the math, as Tim and Tom do in episode 342, you learn that people often overlook...

We cover 13 Questions about Social SecurityAnd we have learned you may not know the answers!   On a survey shared with 55 to 65 year old folks, 69% of respondents either failed the test - or barely passed! Since Social Security often becomes a sizable chunk of income in retirement, it's somewhat astonishing that folks in this age group - approaching retirement -- are not up-to-speed on these 13 qu...

You Are The Economy 71% of the US Economy is you – the consumer.   Did you know that?   And the US consumer has provided a backbone to this economy stronger than anyone has ever predicted.  We sure DO know how to spend money!   Never forget, you ARE the economy! In Episode #440 of the Mullooly […]

Is a 60 40 portfolio still good? This question has been coming up frequently.  All throughout 2022, people were told by the financial media that the old 60/40 approach to investing was dead. Is it dead – or did it simply have a a bad year?   After all, this is historically how many large pension […]

Must-knows About Retirement Spending Here’s something different – what are the must-knows about retirement spending?    Spending?   Don’t we mean saving? While our industry in general spends an enormous amount of time preaching about saving for retirement, little ink gets spilled discussing the must-knows of retirement spending.  Why is that? Part of the answer stems […]

Where Are You Going On A Trip This Year?   When we are mentally pulling together a budget in our heads, it is easy to add up mortgage, insurance, groceries, gas money, etc.   But when you are trying to gauge your cash flow, do you think about where you are going on a trip this year?  […]

Trying to make sense from markets, and the news, will make you crazy. In Podcast Episode 436, “Stop Making Sense of Markets,” Casey and Tom refer to the old stock market adage, “buy the rumor, sell the news;” and what to do when the news doesn’t add up to what the market is doing.   We […]

FDIC Coverage Limits are a significant part of the discussion Casey & Tom have in Episode 435 of the Podcast.  We also discuss what happens if you have more than $250,000 in the bank?   While the wreckage from the collapse of Silicon Valley Bank is still being parsed out, more questions are beginning to bubble […]

What are the "worst" investments during periods of inflation? There has been a rush to create many inflation-related products on Wall Street.

In this week’s podcast, the guys talk about what investors can learn from following along with the latest cryptocurrency headlines. These types of stories happen every cycle but some investors never seem to learn that taking massive amounts of risk and leveraging their investments rarely leads to positive outcomes. Keeping things simple and understanding your […]

In this week’s podcast, Tom, Tim, Brendan and Casey discuss starting to save for retirement later in life. The guys cover what you should prioritize, how to set realistic goals and ultimately how you can squeeze a lifetime of savings into a smaller amount of time. If you find yourself getting ready to retire without […]

In this week’s podcast, the guys cover alternative investments and peel back the curtain on these difficult to understand investment products. When the market is volatile, like it has been in 2022, these product sales always skyrocket. And the promise of safety allures investors into not fully understanding what it is they are putting their […]

In this week’s podcast, the guys discuss the most recent examples of the stock market looking ahead of the economy. Tim, Tom, Brendan and Casey discuss how the stock market performs relative to GDP, the unemployment rate and earnings. They also debate whether or not the market is “valued” appropriately in comparison to past drawdowns. […]