Better to Take a Lump Sum or Monthly Pension?
Mullooly Asset Management
by Casey Mullooly
6M ago
When presented with the option is it better to take a lump sum or monthly pension? If you’ve changed jobs before or are on the cusp of retirement, this question of lump sum or monthly payment will likely require an answer. This topics applies to every corner of personal finance. From tracking your expenses, to ..read more
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Taking Money Out of Your Investment Account
Mullooly Asset Management
by Casey Mullooly
6M ago
Taking money out of your investment account can be more complex than you might think. In this week’s video, Casey walks you through the different factors that should be considered. Taking money out of the wrong place could cause a penalty or generate serious tax consequences. If you’re investing money in the stock market you ..read more
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Splitting Investments During Divorce
Mullooly Asset Management
by Casey Mullooly
6M ago
Things didn’t work out with your spouse, and now you need to figure out how to split your investments during divorce. Casey has got you covered in this week’s video. He explains what happens to joint brokerage accounts, cost basis information (which affects taxes), retirement accounts and IRAs. Going though a divorce is a stressful ..read more
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Your Roth Conversion Questions Answered – Episode 454
Mullooly Asset Management
by Thomas Mullooly
6M ago
Your Roth Conversion Questions Answered Are Roth conversion questions holding you back from actually DOING a Roth conversion? Join us as we untangle the intricate webs of Roth and traditional IRAs, their tax implications, and the key reasons behind considering a strategic switch, and the Roth conversion questions that invariably pop up. We promise to ..read more
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Moving From Saver To Spender: Episode #453
Mullooly Asset Management
by Thomas Mullooly
7M ago
Moving From Saver To Spender We are learning that moving from saver to spender is hard.  In this episode of the podcast, Casey and Tom discuss the difficult time some individuals have when they retire.  Specifically, moving from saver to spender.  Most of our working careers, money tends to flow in one direction:  OUT. Money ..read more
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Should You Pay Down Debt or Save More Money?
Mullooly Asset Management
by Casey Mullooly
7M ago
Is it better to aggressively pay down debt or just make the minimum payments and save/invest your money instead? This personal finance topic is constantly debated. There’s no one size fits all because everyone’s situation is different. However, there are some important considerations to be made when deciding to pay down debt or save it ..read more
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Behind the Battle: Leukemia Fighter to CFP®
Mullooly Asset Management
by Thomas Mullooly
7M ago
Leukemia Fighter to CFP® – Casey Mullooly Strap in for a riveting tale of resilience and triumph as 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 ..read more
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Unwrapping Annuities: Some Pros and Cons, Episode #452
Mullooly Asset Management
by Thomas Mullooly
7M ago
Unwrapping Annuities: Some Pros and Cons In podcast episode #452, Tom breaks down some of the basics around annuities.  Unfortunately, we have had experiences – where clients purchased annuities elsewhere – and came into our office to learn the gory details of what they signed up for. Annuities are sold as a path to “not ..read more
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TD Ameritrade-Schwab Podcast Episode 451
Mullooly Asset Management
by Thomas Mullooly
7M ago
TD Ameritrade-Schwab Podcast Episode 451 We learn, in episode #451 of the Mullooly Asset podcast, that when it comes to mergers of ANY kind, Casey & Tom bring up the very first thing you will hear is “nothing will change!” When in fact, EVERYTHING will (eventually) change! Ever wonder how big mergers in the financial ..read more
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Do You Have to Pay Tax on Social Security Benefits?
Mullooly Asset Management
by Casey Mullooly
7M ago
To many people’s surprise, yes, you may owe taxes on your Social Security benefits. How much tax you’ll owe depends on how much other income you have. In this week’s video, Casey walks through how to determine the taxation of your Social Security. Up to 85% of your benefits could be taxable! Social Security plays ..read more
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