Mullooly Asset Management

Are you ready to navigate the booming world of exchange-traded funds (ETFs) with confidence? In our latest episode, Tom and I unravel the complexities of ETFs, shedding light on their mechanics, how they track indices, and the pivotal role of periodic rebalancing. Inspired by Jason Zweig's insightful Wall Street Journal article, we dive into the explosive growth of the ETF market—from a modest 1,300 funds in 2014 to nearly 3,500 today, managing close to $10 trillion in assets. We debate whether investors should pay attention to the specific companies that make up these indices or stick to the tried-and-true rules-based strategies of the funds. Plus, we offer practical advice on structuring a portfolio that avoids overlap and maintains optimal allocation.The thrill and timing of investing in new funds can be a game-changer. We discuss why timing is crucial when buying and selling ETFs and how this fits into a broader investment strategy. Tom and I also reflect on the latest trends in the investing industry, hinting at some intriguing developments that could shape future market strategies. This episode promises to be a treasure trove of insights, whether you're just dipping your toes into the investment waters or you're a seasoned pro. Tune in for a thoughtful discussion that will help refine your investment strategy and keep you ahead of the curve in the dynamic ETF market.

How will the Federal Reserve's next move shape your financial future? Join us as we unpack the imminent decision on interest rate cuts, weighing the possibilities of 25 or 50 basis points. With historical insights from Datatrack Research, we delve into past rate cuts since 1990, examining the economic contexts and implications. We'll also explore how the Fed funds rate stacks up against the two-year Treasury yield, and what the cautious approach of Fed Chair Jerome Powell might mean for market stability and investor sentiment. This episode offers a detailed analysis of potential market impacts as we ponder the extent of future rate cuts to manage economic conditions.Travel back with us to the 1987 stock market crash and the evolution of financial news. We'll reminisce about the days before CNBC and discuss the significance of economic indicators like the yield curve and job reports, which continue to influence market sentiment today. You'll also find practical advice on financial planning strategies, whether you're contemplating early retirement or working into your 60s. We'll cover the implications for Social Security benefits and offer insights into making informed decisions about your financial future. Tune in for a blend of historical reflection and actionable financial guidance.

What if a sudden surge in small cap stocks could reshape your investment strategy? Join Tim, Brendan, and Tom Mullooly on episode 482 of the Mullooly Asset Management Podcast as we navigate the recent 11.5% rise in the Russell 2000 index, a rare occurrence seen just 32 times since 1990. This episode uncovers the significance of such unexpected movements, especially amidst the stagnation of the S&P 500 and NASDAQ, and emphasizes why diversification remains crucial for a balanced portfolio. Drawing on insights from Datatrek Research and Nobel laureate Daniel Kahneman, we explore the unpredictable nature of markets and the importance of staying diversified.As we wrap up this insightful discussion, we remind our listeners that the perspectives shared are meant to educate and inform, not dictate investment choices. The opinions expressed are personal and may not necessarily represent the views of Mullooly Asset Management. Make sure to catch our next episode for more valuable financial insights and strategies to help you navigate the ever-evolving market landscape. Stay tuned and stay informed!

Can actively managed ETFs that use derivatives really offer the perfect balance of income generation and market protection, or do they come with hidden risks that could jeopardize your investments? This week, we explore the emerging world of these high-stakes financial products, which have attracted a staggering $31 billion in just one year. We'll share personal stories and hard-learned lessons, stressing why thorough research and caution are crucial before diving into such complex strategies. While these ETFs seem to be tailored for current market demands, they might not be suitable for everyone or adaptable to future conditions.In our deep dive into risk management strategies, we dissect the mechanics of buffer funds and their role in smoothing out market volatility. You'll learn how these products trade off downside protection for capped upside returns and why understanding this dynamic is essential for long-term success. We'll connect the dots from the 2008 financial crisis to present-day sentiments and discuss how upcoming events, like elections, could sway investor behavior. Our goal is to equip you with the knowledge needed to make informed decisions and understand the full implications of incorporating these financial tools into your investment portfolio.

Could rising tax penalties derail your retirement plans? Join us in this episode as we tackle the significant rise in tax penalties facing millions of filers and uncover the reasons behind this surge. We’ll unpack the intricacies of tax withholding and the importance of quarterly estimates, especially as you transition into retirement. With a focus on healthcare and insurance, we emphasize the critical need for thorough planning to safeguard your financial future.We also explore the impact of rising interest rates and the resulting increase in taxable interest income from bank accounts and CDs. Learn how to manage this newfound taxable income and avoid penalties through careful planning. We delve into the complexities of "phantom income" from reinvested dividends and the challenges of capital gains management. By comparing brokerage assets and retirement accounts, we highlight the necessity of understanding different tax treatments to optimize retirement planning and income management.Navigating retirement account distributions and understanding tax withholdings from various income sources, such as pensions, annuities, Social Security, and capital gains, can be daunting. We discuss how to coordinate these income streams to avoid underpayment penalties and benefit from a comprehensive financial overview. For self-employed individuals, LLC owners, and those with mixed income sources, we emphasize the importance of meticulous tax planning to ensure accurate withholdings. Lastly, Tom Malooly provides valuable insights into investment strategies, highlighting the importance of personalized financial advice to help you make informed decisions tailored to your unique needs and circumstances.

Can you really afford to put all your eggs in one basket? Tim and Brendan Malooly join me to dismantle the myth that US large-cap growth stocks are the only game in town. We're tackling the misconception that the classic 60-40 portfolio is obsolete, shedding light on the recent performances of bonds and other stock categories that prove the enduring power of diversification. We also take a deep dive into the dangers of momentum investing and the misguided excitement around recent winners like NVIDIA and T-bills.Are you chasing the latest market trends? We explore the cyclical nature of asset class performance, using commodities and tech stocks from 2022 to 2024 as prime examples. With Brendan and Tim, we stress the importance of a long-term perspective and the crucial role advisors play in guiding clients through volatile markets with historical insight. Chasing short-term gains often leads to disappointment, and we highlight why a steady, diversified approach is your best bet for financial stability.Long-term success in investing isn't measured in days—it's measured in decades. We reflect on the realities of timing market decisions and the importance of continually evaluating your investment strategies. We call out the financial media’s impact on investor behavior and stress the benefits of maintaining a diversified portfolio to mitigate market unpredictability. With the right mindset and a balanced approach, diversification ensures you're prepared for both the highs and lows of the market. Join us for this insightful episode, where we lay bare the real challenges and rewards of long-term investing.

What if the Federal Reserve isn't planning to cut interest rates as soon as the market anticipates? Join me, Tom Malooly from Malooly Asset Management, on our latest episode recorded on June 13th, 2024, where we unpack the latest Consumer Price Index (CPI) and Producer Price Index (PPI) reports that indicate a slowing pace of inflation. We dive into the outcomes of the Federal Reserve's recent meeting, exploring Chairman Jerome Powell's emphasis on the necessity of sustained lower inflation and a weaker job market before any rate cuts are considered. With jobless claims experiencing a slight uptick, we delve into the potential repercussions on the broader economy and why a single rate cut in 2024 is gaining consensus.Expect a critical examination of the Federal Reserve's strategy to achieve its 2% inflation target, including the likely market responses if rate cuts don't materialize immediately. We discuss why the Fed might choose to wait for consistent inflation data over several months before making any moves, despite market pressures. This episode offers insights into why the current economic landscape doesn't justify immediate rate cuts and why sticking to your investment strategy is crucial for economic stability. As we look ahead to a promising latter half of 2024 and into 2025, we provide a balanced perspective on maintaining optimism and steady investment strategies amidst these economic developments.

Discover the Federal Reserve's latest strategic moves as we unpack Chairman Powell's firm stance against interest rate hikes and how it directly impacts your wallet. We cite financial commentator Callie Cox - her expertise helps to shed light on what steady rates mean for consumer loan rates, from mortgages to auto loans. Her sharp analysis on Twitter becomes the cornerstone of our discussion, providing valuable insights into the economic indicators that are shaping our financial landscape.Gain clarity on the specter of stagflation, a term that's been looming over economic conversations for decades. We trace its origins back to British politician Ian McLeod and contrast it with today's economic climate, using Powell's own words to dissect why this phenomenon is not an immediate threat. As the presidential election approaches, we also explore the historical patterns of the Fed's actions around such political events, and forecast what to expect from upcoming meetings. Tune in for an essential briefing on how the Fed's decisions could influence the economy's trajectory and what that means for you.

Discover the secrets to mastering your cash flow, no matter the size of your paycheck. As your guide through the tangled web of personal finance, I, Tom Malooly, reveal how two couples with identical incomes can live dramatically different financial lives. Step into the contrasting worlds of our real-life examples – no names, just hard-hitting facts – where one couple saves nearly $5,500 monthly while the other barely scrapes together $1,000. It's a tale of budgeting, saving, and the divergent paths our financial choices carve out for us.This episode unpacks the nuanced relationship between our monthly expenses, the ability to invest, and the risk we can afford to take on. You'll get an insider's look into why a couple with more breathing room in their budget can play the long game with their investments, while another might need to keep things liquid for life's unexpected expenses. If you're looking to tailor your financial plan to fit your life choices and goals, join me as I lay out the blueprint for aligning your income, expenses, and investment strategies to build the future you envision.

Unlock the secrets to maximizing your Social Security benefits with the guidance of JP Morgan's treasure trove of insights! Brendan and I dissect the Social Security Breakeven Point Chart in a way that will forever change how you think about your golden years. From the earliest claim at age 62 to the strategic patience of waiting until 70, we examine the complex dance between monthly payouts, longevity, and the broader picture of your financial portfolio. Whether you're pondering the best age to claim benefits for maximum financial security, or you're concerned about preserving wealth for your heirs, this episode promises to equip you with the knowledge to make an informed decision that resonates with your personal financial landscape.As we navigate the sophisticated world of Social Security, we also tackle the often-overlooked tax implications of your claiming strategy. With Brendan's expertise, we dissect the nuances of marginal versus effective tax rates, the ramifications of required minimum distributions starting at age 73, and the critical importance of understanding how these factors intertwine with your benefit claim timing. This isn't just a conversation—it's a roadmap to leveraging Social Security to protect your investment portfolio and ensure a future that shines as brightly as your past. Tune in to this pivotal episode, and make the irreversible decision to start your Social Security benefits one you'll look back on with confidence.

Step back into 1979 with us, as we unearth the decisive steps taken by Federal Reserve Chairman Paul Volcker to tame the rampant inflation that threatened to unhinge the U.S. economy. Our narrative weaves through the socio-economic tapestry of the Vietnam War, the ambitious Great Society programs, and the tumultuous energy crises that culminated in a secret Federal Reserve meeting, igniting a financial revolution. This is a tale of high stakes and bold decisions, where the echoes of Volcker's unyielding commitment to curbing inflation resonate through the corridors of economic history, shaping the prosperity of subsequent decades.Shifting gears, we move into the realm of investment management, inviting you to engage with a discussion that bridges the past with the present. Your candor and insights are what make this conversation thrive, and we're grateful for the richness they add to our collective understanding. As we navigate through the intricacies of financial decision-making, our aim is to empower and enlighten, fostering a dialogue that benefits us all. Join the discourse, share your perspectives, and become an integral part of our journey through the captivating world of economics and investment.

Unlock the wisdom of investment legend Charlie Munger as we explore his transformative influence on Warren Buffett and the investing world at large. Witness the powerful shift from 'cigar butt investing' to the pursuit of 'wonderful businesses at fair prices,' a principle that rocketed Berkshire Hathaway to unprecedented heights. Join us for a riveting discussion that dives into the heart of investment strategy, simplicity versus complexity, and the profound impact of high school algebra on the world of finance.Are you tired of wading through the murky waters of financial products, dense with jargon and hidden fees? You're not alone. In this revealing episode, we pull back the curtain on the opaque world of complex investment vehicles to spotlight the elegance of simplicity in growing your wealth. From my inbox to your ears, we'll dissect real-life examples of the convoluted offerings that cloud the industry and share how to steer clear of them, armed with Munger's invaluable insights and a commitment to keeping your investment strategy straightforward and successful.

Uncover the mysteries of February's financial turbulence as I, Tom Malouli, guide you through the stormy seas of market volatility and inflation. This episode promises a deep understanding of the undercurrents that rock our investments and how historical patterns can forecast potential downturns. I delve into why February is the Achilles' heel of the robust November-April period and dissect the implications of the latest Consumer Price Index report—with a focus on Wall Street's reactions and the Federal Reserve's methodical handling of interest rate adjustments. It's a journey into the heart of financial forecasting, where I share insights that could enrich your portfolio and prepare you for the waves ahead.In the concluding chapter of our episode, the Malouli Asset Management Podcast wraps up its 472nd session with a treasure trove of knowledge from industry experts. Drawing from our engaging discussions, I offer personal reflections on the art of asset management, providing context and strategy to inform your investment blueprint. Stay tuned for our next installment, where we continue to chart the course through the investment landscape, equipping you with the knowledge to make calculated decisions amidst the complexities of the market. Join me as we prepare to navigate tomorrow's opportunities with the wisdom of today's financial mavens.

Unlock the mystery of the Federal Reserve's unyielding stance on interest rates with us, as we tackle the complexities of an economy where high-flying GDP numbers don't necessarily mean more money in your pocket. In a whirlwind tour through the latest economic developments, we dissect the Fed's rationale for maintaining higher rates post-July 2023, in the face of cooling inflation and a robust economy. It's not just a game of numbers; it's about grasping the nuanced impact on your wallet, as a strong GDP fails to echo the realities of diminishing real income for many.Venture further with us into the financial fray where we juxtapose cheering GDP reports against the sobering swell of the federal deficit. As Wall Street navigates through the treacherous waters of earnings seasons and corporate forecasts, we analyze the dance of the stock market, swayed by the rhythm of interest rates and the looming anticipation of political shifts. No stone is left unturned, as we piece together the macroeconomic puzzle with the microeconomic intricacies to arm you, the investor, with a well-rounded strategy suited for the unpredictable economic waves ahead.

Ever wondered how a single statement from the Federal Reserve can send shockwaves through the financial markets? That's exactly what we're unpacking in this episode as we scrutinize the Fed's latest move to hold interest rates steady and the subsequent market tremors. Join us as Chairman J Powell's press conference is dissected, providing insight into the Fed's delicate balancing act between economic stability and inflation. We take you through the historic evolution of the Fed's communication, revealing how the art of reading between the lines could forecast future rate cuts. With an economy in flux, we dig into the nuances of decreased rent costs and their potential effect on inflation trends, all while Powell tiptoes around confirming a soft landing.Then, we shift gears to the ripple effects felt by New York Community Bank after its Q4 earnings reveal a significant loss and dividend cut. We tackle the tough questions: What does NYCB's recent acquisition spree signify for its future and how does its predominantly residential loan focus fare amidst other banks' commercial real estate woes? Listen as we connect the dots between the Fed's cautious rhetoric, a turbulent stock market, and the broader implications of past bank failures. With a narrative that intertwines monetary policy and market reactions, this episode is a treasure trove for those seeking to understand the complex dance of economic forces at play.

Ever wondered why your tax bill feels like a punch in the gut, leaving you questioning whether it's time to fire your accountant? Hold that thought; the culprit could be closer to home. In a no-holds-barred chat, we unravel the knotty world of tax returns, debunking the myths that lead to misplaced blame. From the real deal on tax preparation fees (think beyond the cost of a fancy dinner) to getting schooled on the IRS's free filing service, we've got your back. Discover the hidden gems of resources for cost-conscious taxpayers, like IRS Free File, VITA, and TCE programs, and why knowing the difference between gross and adjusted gross incomes is your new power play.Switching lanes to the investment highway, Episode 469 takes you on a rollercoaster ride through the latest investment craze. I'll be serving up my two cents on the matter, painting a picture of its current momentum and the room it has to grow. But before you leap onto the bandwagon, I'm here to remind you to keep those excitement levels in check and do the homework. While I'm dishing out these personal nuggets of wisdom, remember, they're just that – personal. They don't come from Malouli Asset Management's playbook. So buckle up, get your notepad ready, and join us for a journey through the financial landscape that promises to both enlighten and challenge your wallet's future.

Embark on a journey with me, Tom Mullooly, and discover the surprising truth behind the financial industry's approach to client relationships. As someone who's navigated the murky shift from broker to fee-only investment advisor, I'll unfold the story of how the Department of Labor's fiduciary rule is reshaping the responsibilities of financial professionals. You'll be shocked to find that the priority of client interest isn't a given in the world of investment advice. During our talk, we expose the hesitancy of brokerage firms to fully adopt a fiduciary mindset, largely driven by the fear of legal repercussions, and how fee transparency could be the game-changer this debate needs.In a landscape peppered with complex fees and questionable rollover practices, I put the spotlight on the ominous presence of "junk fees" and how they impact your investments. We scrutinize the concerning trend of transferring 401(k) funds into IRAs and subsequently into annuities—a maneuver often muddled in economic value and lacking in clarity for the unsuspecting investor. This episode is not just a deep-dive into the nitty-gritty of financial advisory—it's a clarion call championing the need for unambiguous fee disclosure and the adoption of a genuine fiduciary standard, echoing the recent support from the political realm. Tune in for an enlightening session that promises to arm you with the knowledge to navigate the opaque waters of investment advice.

Ever wondered if snagging the lowest mortgage interest rate is always a silver bullet for homeowners? Join me, Tom Mullooly, as we unravel a Twitter tale that serves as a stark reminder that the allure of low rates can sometimes lead to financial quicksand. In a narrative that could rattle any homeowner, we dissect the harrowing journey of a couple who, lured by a 10-year mortgage at an irresistible 1.875%, now face the grim possibility of forfeiting their home. The crunch of high monthly payments against diminishing business income paints a vivid picture of their struggle. Simultaneously, we explore the wisdom in opting for longer-term loans, not just for breathing room but also for the underrated advantage of making additional payments when times are good—strategies that could be your financial lifeline.Tom delivers an indispensable disclaimer clarifying that our probing discussions and financial musings are our own and not indicative of his firm's stance. This episode is a treasure trove of insights for listeners seeking to navigate the treacherous tides of mortgage decisions, underscored by a commitment to transparency—highlighting our personal investments that may intersect with the topics at hand. By the end of our exchange, you'll be armed with a fortified understanding of mortgage dynamics and the sagacity to manage debt with finesse.

Reconsider everything you've been told about borrowing from your future! In a riveting exploration of the often-endorsed 401K loans, Tom and I dissect a sponsored article by Principal Financial Group, challenging the sugarcoated narrative that these loans are a safe financial bet. The episode peels back the layers of this contentious subject, revealing the hidden truths and the pressing need for a robust financial safety net. We're debunking popular myths and emphasizing the potential dangers and long-term repercussions of tapping into retirement funds prematurely. This isn't your typical financial advice podcast; we're here to arm you with the critical thinking skills needed to question the status quo and make informed decisions about your financial well-being.In this critical conversation, we address the stark reality faced by the average 401K loan borrower and the underestimated risks of such decisions. Consequences of defaulting on these loans aren't just figures on a balance sheet—they can have profound effects on both employees and employers, leading to a cascade of financial woes. As Tom Malouli, investment advisor representative with Malouli Asset Management, I remind our listeners that the insights in episode 466 are shared to spark personal reflection and should not be misconstrued as direct advice from Malouli Asset Management. We're here to provide clarity and thought-provoking content to help guide you through your financial journey with eyes wide open. Join us for an honest and unfiltered examination of 401K loans that promises to leave you better equipped to navigate your fiscal future.

Are you ready to dissect the economy's vital signs? We promise to take you on a deep dive into the economy's pulse, examining indicators that shape the economic landscape. The recent Federal Reserve announcement has caused a shift in the market, signaling the end of their interest rate hike cycle. We broaden the perspective with a talk on the inverted yield curve, housing starts, car sales, and the sudden surge in excavator equipment sales. Peek into the construction industry's health through this unexpected indicator and gain insights into the future economic outlook.Ever wondered the dynamics between earnings growth, interest rates, and stock prices? We navigate this intricate relationship and discuss how steady earnings growth contributes to a stable economy. Discover the current inflation status through the consumer price index's lens and grasp the influence of rent prices on inflation. Ending on a note of caution, we discuss the Federal Reserve's decision to halt interest rates increase. Yet, don't be too quick to expect a decrease, and we'll tell you why. Tune in for an intriguing dialogue on the economic climate and its potential ripple effects on the future.

Caught in the retirement vortex while trying to navigate college costs, emergency savings, and caring for older family members? We're here to help. Today, we're unpacking the findings of Goldman Sachs' recent retirement survey and Insights Report to provide insights on the financial challenges many Americans face as they approach retirement. We question if these challenges have worsened over time or if our mindset towards retirement has taken a darker turn. But don't fret, we'll also be sharing strategies on prioritizing your finances and assessing your retirement readiness.Financial literacy can be your saving grace in turbulent times. Did you know 36% of people don't have three months of expenses saved for emergencies? We discuss the importance of having an emergency fund, the right places to stash your cash, and how to manage unexpected events that can shake your financial plans. We also explore the role of employers in retirement planning and emphasize the need for active personal involvement in financial planning. Join us as we navigate through these topics to help you plan for a stable and secure future.

What if you could shield your hard-earned assets from the costly implications of long-term care? What if you no longer had to worry about the dreaded five-year look back window while applying for Medicaid? That's exactly what we're unpacking in episode number 463. We use the real-life example of Mrs. O'Malley, an 82-year-old woman striving to protect her home, to demonstrate the advantages of transferring assets into an irrevocable trust. We emphasize the might of legal advice in this process and highlight the boons of an irrevocable trust, such as the ability to downsize without resetting the infamous five-year countdown.We also take a deep dive into the varied types of long-term care services in New Jersey, their respective costs, and the potential fallout of transferring assets prematurely before applying for Medicaid. Discover the value of written care contracts with family members, the role of annuities in Medicaid computations, and the exceptions for transferring assets to a spouse or disabled child. This episode is brimming with practical advice and vital information for anyone considering their long-term care options in New Jersey. Buckle up and get ready to arm yourself with the knowledge you need to approach your future with confidence.

Ready to crack the code on some of the most perplexing questions in investing? We're about to take a deep-dive into the captivating world of stocks, Treasury bills, bond yields, and interest rates. Prepare to challenge the status quo as we probe whether it's worth risking money in stocks when Treasury bills yield 5%. We'll weigh the impact of inflation on this intriguing decision and stack up the historical returns of stocks against T-bills. Stay with us as we scrutinize the pros and cons of locking in good bond yields and making money when interest rates fall. We assess the pulse of the Federal Reserve, reminiscing their past rate increase while anticipating their future maneuvers. Our conversation wouldn't be complete without a candid chat on market timing and the potential risks it carries.Transitioning into the current state of the market and economy, we explore the unpredictable nature of markets and debunk the anticipated recession predictions. We address your concerns about consumer debt and the impending election, assuring you that our economy is robust and resilient. Tune in as we furnish you with compelling statistics and historical data that will empower your discussions with family and friends during the holiday season. This episode is a blend of in-depth analysis, insightful discussion, and practical advice that will equip you for your investment journey. Let's demystify these complex topics together!

Ever feel overwhelmed by the gravity of tackling debt? What if we told you it doesn't have to be as daunting as it seems? Drawing from expert insights and our rich experiences at Malouli Asset Management, we offer a fresh perspective on how to manage and reduce debt without resorting to drastic measures. We reference an enlightening Bloomberg article by Carl Smith, which makes the case for leveraging economic growth to keep debt under control, and we also share tactics to help individuals regain control of their finances.We then traverse back to the post-World War II era, a time when the US successfully reduced its debt-to-GDP ratio from an astounding 120% to a more manageable 73% primarily through flourishing economic growth, not austerity measures. Could we adopt a similar approach in our current climate? We explore this question and its potential implications. On a personal level, we recognize that eliminating debt is a significant hurdle, hence we break it down into manageable steps and offer practical advice on budgeting, avoiding lifestyle inflation, and maintaining a sustainable standard of living en route to financial freedom. We hope this discussion will empower you to face your financial challenges head on and find a path towards financial stability.

What might you not know about profit margins, earnings, and the economic sentiment that you absolutely should? Get ready for a profound discussion as we break down Ryan Dietrich's intriguing article, 10 Things You Might Not Know, But Should. We unravel the mystery behind rising profit margins, putting a spotlight on the shifting focus of tech behemoths from income growth to profitability. Delve into the world of earnings and the crafty play of managing expectations to boost future earnings beats. Fascinated by Meta and Facebook's stock growth despite a few earnings misses? Stick around as we unfold the impact of these earnings reports.Ever wondered why sentiment surveys of manufacturing might not be painting the accurate picture? Join us as we dig deeper into this conundrum, contrasting strong economic indicators with the public perception of an impending doom. As we dissect the third quarter of 2023 and the latest GDP report, we expose the manipulation in media narratives aimed at clickbait. Don't miss out as we demystify the average drawdown of recessions and why panic can massively inflate it. Finally, we round off with a worthwhile lesson about the natural ups and downs of the business cycle, preaching preparedness over panic. After all, stocks can dip lower but they can also rise higher!

Could rising interest rates spell the end for the 60/40 portfolio? Let's find out! This episode promises an in-depth exploration of the 60/40 portfolio in light of the current financial landscape. Join Tom and me, your hosts, as we dissect the fluctuating state of the portfolio in the face of rising interest rates. We pull apart an article from the Wall Street Journal that questions the viability of the 'set it and forget it' strategy. We also delve into the importance of understanding your stock and bond investments, and how the portfolio can be tailored to suit various investment types.But what happens when bond yields change? We dig deep into this subject, illuminating the potential impacts on your stock portfolio. We delve into the critical role of liquidity and correct portfolio allocation in achieving your target returns, along with an exploration of historical market returns and their impact on stock prices. We also take a critical look at the 60/40 portfolio's future - will it hold up in 2022 and beyond? Tune in for a robust discussion that might just reshape your investment strategies. Be prepared to reassess!

What would you do if you discovered that an investment option you've been considering has its pitfalls, and the full implications may not be entirely clear to you? Well, buckle up as my brother Tim and I navigate the intricate landscape of annuities. We're scrutinizing and debunking common misconceptions, like the widespread belief that annuitizing the contract doesn't involve giving up the asset. We're also shedding light on surrender periods, the fees associated with annuitizing the contract, and the harsh reality of market shifts. Ever wondered about the costs of surrendering a contract? Curious about how brokers' incentive structures work? We've got you covered. We're diving into the nitty-gritty of surrender costs and exploring the mechanisms of broker compensation. But there's more: we're also unveiling the often-obscured tax ramifications of withdrawing funds from an annuity. We're comparing ordinary income tax rates on annuity distributions to long term capital gains tax rates - a comparison that could dramatically affect your perspective on investing in annuities. To top it all off, we're posing a provocative question: is it really a wise decision to put a tax-deferred investment into a tax-deferred account? With this episode, you're guaranteed to gain a deeper understanding of annuities, and navigate their potential pitfalls with confidence.

Ready for a deep-dive into the complex world of social security benefits and retirement planning? Brace yourselves as Brendan and Casey unravel the nuances of social security, Medicare and more. We'll be discussing the cost of living adjustment (COLA) - a critical aspect designed to keep up with inflation, and we’ll be comparing the 2024 COLA set at 3.2% with the average COLA of 2.3%. We'll also explore how recent inflationary spikes have prompted individuals to rethink their retirement strategies – a silver lining, perhaps, in these challenging times.The discussion doesn't end with the COLA update; the guys dive into the trends of people claiming social security benefits early. Curious about how these patterns have evolved? Stick around as we explore how factors like life expectancy, better education about waiting for benefits, and earnings limit influence these decisions. We'll also illustrate the link between claiming social security benefits and enrolling in Medicare Part A and navigate the tricky waters of healthcare expenses in retirement planning. In addition, we’ll share some golden nuggets on maintaining a low taxable income, with essential tips on diversifying your savings streams and the strategic use of 401k and brokerage accounts. So come join us for this comprehensive guide on maximizing your social security benefits.

 Should you claim Social Security early to maximize the amount of time you receive benefits? Or should you delay taking it for as long as possible to maximize the amount of money you receive each month? Join us, as Tom, Tim and Casey dissect the critical variables surrounding Social Security decisions. From exploring the optimal claiming age to balancing the retirement equation, they break down the myriad of elements influencing these pivotal financial milestones.The guys don't shy away from the gritty numbers and what they might mean for you. With a hypothetical individual living to a 100 as a case study, we illuminate the stark difference that claiming at age 62 versus 70 can make. But is the payoff worth the wait? They dissect that too, alongside other strategies for claiming and tax implications to watch out for. Remember, knowing your goals and beliefs is instrumental in navigating your financial journey. So, strap in, and let’s embark on this enlightening expedition together.

Deciding between a lump sum or monthly check can be a daunting task. Wondering how you should go about it? You're not alone; this episode dives into the heart of that problem. We tackle fascinating topics such as the ongoing trend of private sector employers closing their pension plans, and the implications of choosing a lump sum payout versus a guaranteed monthly income. We stress the importance of recognizing when you'll need the money, and explore the fascinating exercise of calculating the cost of buying an income stream at retirement age.In the second half of the discussion, we delve deeper into the pros and cons of each decision. We talk about the significant role your liquid net worth plays and the trade-offs of potentially more taxable income in the future. We also consider the option of taking the lump sum and reinvesting it in the market. After all, every retirement plan is unique and requires a tailor-made approach. By the end of this episode, you'll be equipped with the knowledge to make a well-informed decision regarding your retirement. 

Have you ever noticed how the S&P 500 tends to hit its lowest point before the economy does? This fascinating phenomenon, as researched and written by Michael Cembelast from JP Morgan, is one of our focal points today. We'll dive into several past recessions, starting from the mid-1950s, to illustrate this trend. Together, we'll revisit significant events like the 1987 stock market crash and the dot com era, to better comprehend current stock market trends.Then, we'll discuss the S&P 500's current forward PE ratio and contrast it with historical levels. As we examine the influence of high-risk and high-growth stocks on the market, you'll appreciate why investing in the stock market could be a shrewd move, even when certain stocks are underperforming. And, just to keep things light, we'll also speculate on how the upcoming NFL season might impact the stock market. Tune in and enjoy this unique blend of finance and sports chatter.

Ever thought about how a surprise withdrawal from your investment account could wreak havoc on your financial plan? We've got insights from a recent MarketWatch article by Brendan Mullooly that will change the way you approach such decisions. We discuss the art of long-term planning, and how crucial it is to avoid impulsive financial decisions that could potentially disrupt your portfolio. We'll explain why adopting a 'barbell approach' for your short-term and long-term goals can work wonders, and why your advisor should be the first to know about any changes you're contemplating. Are financial conversations with your advisor making you anxious? We're here to tell you it's okay. These discussions might be challenging, but their significance in your long-term financial planning journey is monumental. We'll emphasize why it's essential to keep your advisor in the loop, and how their expertise can be a game-changer, helping you navigate through the complexities of your financial journey. So, don't hold off these discussions. Your dream of portfolio sustainability and financial freedom is just a conversation away. Let's get talking!

Are you ready to get under the hood of the financial world? In this illuminating episode, we pull back the curtain on the current financial atmosphere, dissecting the recent CPI report and the pessimistic outlook for the stock market. We touch base on the bond market, unemployment rate, and the equity in people's homes, highlighting the importance of a robust long-term investment strategy even amidst market volatility. So strap in and prepare to challenge the pessimistic narratives with us.We take a rollercoaster ride through the S&P 500's recent four-day decline, unpacking its implications on the typical duration and drawdown of bear markets. Navigating through the murkiness of the Federal Reserve's projections for rate cuts in 2024, we'll unravel its potential impact on the price of gas and oil. Together, we'll dive into the fascinating intricacies of the Fed's communication and their market-steering capabilities. By the time we're through, you'll be equipped to interpret market fluctuations with newfound clarity.Finally, we venture into the heart of inflation and housing, examining the Fed's influence and manipulation of the consumer price index. We'll survey the state of the futures market and explore the contentious notion that inflation is shaped by reactions to economic occurrences. In our journey, we'll ponder the possibility of inflation decreasing over time if root causes are addressed. We top off the episode by acknowledging the crucial role advisors play in providing balanced counsel and clear communication during choppy market conditions. Join us as we demystify the complex world of finance in this insightful podcast.

Spending money in retirement is OK, you have our permission!  We see folks we know deciding to retire every week here at Mullooly Asset Management.  Some folks have been great savers throughout their careers.  Sometimes these very same people have problems “being okay” with spending money in retirement.  Especially because they do not see a […]

In this week’s podcast, Casey and Tom discuss the merger between TD Ameritrade and Charles Schwab. We share all the information we have so far including expected timeline and what folks can do to prepare. We want to help our clients and listeners prepare for a seamless transition from TD’s platform over to Schwab’s. So […]

Your Form 1099 can tell you a lot about your financial situation… if you know what to look for. In this week’s podcast episode, Tom and Casey walk you through the form and explain why it is an important piece of tax information. The guys talk about capital gains tax, step-up in cost basis, where […]

Are you right on the cusp of retirement but unsure if you should work another year or two before retiring? There are a lot of factors that go in to making this decision. Tim, Tom, Brendan and Casey cover them all in this week’s podcast. The guys discuss the risks of retiring too soon vs. […]

In this week’s podcast, Tom, Tim, Brendan and Casey breakdown the different marketing tactics used to sell life insurance. The guys talk about the confusing nature of these products, and spell out all the different red flags you should be looking out for. They wind up talking about how life insurance fits in the broader context […]

Do you feel like you’ve made too many financial mistakes? How do you know if those mistakes are fatal to your retirement plan, or not? If you feel like your retirement is “beyond saving”, think again, and listen to this week’s podcast. Tom and Casey dive into some of the major mistakes that happen when […]

Where you keep your cash matters more in 2023 than in years past. One of the benefits of higher interest rates is that banks should be offering more attractive rates on things like savings accounts, money market funds and certificates of deposit. Tim, Tom, Brendan and Casey discuss the best places to keep your cash […]

On this week’s podcast, Tom and Casey discuss the mistakes that are likely to happen if you expect average returns from the stock market each and every year. If you expect a smooth ride from the stock market, we’ve got bad news for you. The guys discuss performance chasing, sequence of return risk and how […]

On this week’s podcast, Tom, Brendan and Casey discuss why folks need to know (and understand) their net worth. The guys cover how to calculate your net worth, what to include, how to value certain items and what your net worth says about your overall financial picture. Your statement of net worth, and cash flow, […]

Everyone has expectations for what they’ll do when they retire. But what happens if you get there and want to change plans? In this week’s podcast, Tom, Tim, Brendan and Casey discuss whether or not it is okay to change plans in retirement. The guys also stress the importance of focusing on saving money early […]

In this week’s podcast, Tim and Casey highlight the changes coming to retirement plans as part of a new bill being passed by Congress. The new rules being introduced largely benefit folks saving for retirement, but it’s important to understand the changes coming for things like required minimum distributions, catch-up contributions, 401(k) plans and more. […]

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, Tom, Tim and Casey discuss the eye-popping results of a survey that asked millionaires how they are feeling about retirement. This leads the guys into a broader conversation about changing market dynamics, like fixed income products offering better rates, and what they are seeing underneath the hood of the stock […]

  In this week’s podcast, Tom, Tim, Brendan and Casey discuss the latest inflation reading and what impact it is having on the stock market. The cost of living adjustment for Social Security was also announced yesterday. The guys break down why this year’s adjustment might feel better than last year’s. The market has been […]

Topic 2   Interest rates have an impact on just about every part of our financial lives. And when they move up as quickly as they have in 2022, it causes some major changes. In this week’s podcast, Tom, Tim, Brendan and Casey discuss the impact interest rates have on bond prices. They share some […]