Mullooly Asset Management Podcast                        January 16, 2013Mullooly Asset Management January 2013
Saving Really IS a Lost Habit Washington Post reports 1 in 4 are taking loans from their 401k to pay current expenses Pr...
Loan Details Terms and conditions “You are paying yourself!” Discipline               Mullooly Asset Management January...
Pensions are Disappearing 1980: 4 out of 5 workers were covered by a pension Today: Just 1 in 5 workers are covered by a...
What Could HappenWe have a client who had $250,000 when retired: Health began to fail Began taking money out of the IRA...
"Would you invest this money in the stock market,if you knew you (your client) would be tapping intothis money in a short ...
None of the securities mentioned in this (or any) podcast orvideo represent past specific recommendations of MulloolyAsset...
Mullooly Asset Management, LLC      support (at) mullooly (dot) net                732-223-9000          www.mullooly.net ...
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Building Blocks of Financial Planning: Saving Money and Your Retirement Plan

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The most important concept to understand when it comes to financial planning is SAVE MORE MONEY. It really is that simple. One way to be totally counterproductive in regards to your 401k account is to take loans from it. We will discuss why this is a poor decision in this presentation.

Published in: Economy & Finance
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Building Blocks of Financial Planning: Saving Money and Your Retirement Plan

  1. 1. Mullooly Asset Management Podcast January 16, 2013Mullooly Asset Management January 2013
  2. 2. Saving Really IS a Lost Habit Washington Post reports 1 in 4 are taking loans from their 401k to pay current expenses Probably more like 40% (our opinion) Mullooly Asset Management January 2013
  3. 3. Loan Details Terms and conditions “You are paying yourself!” Discipline Mullooly Asset Management January 2013
  4. 4. Pensions are Disappearing 1980: 4 out of 5 workers were covered by a pension Today: Just 1 in 5 workers are covered by a pension Mullooly Asset Management January 2013
  5. 5. What Could HappenWe have a client who had $250,000 when retired: Health began to fail Began taking money out of the IRA Will run out of money in 2013 Mullooly Asset Management January 2013
  6. 6. "Would you invest this money in the stock market,if you knew you (your client) would be tapping intothis money in a short period of time?” –401(k) Breaches Undermining Retirement Security for Millionsby Michael A. Fletcher of The Washington Post (1/14/2013) Mullooly Asset Management January 2013
  7. 7. None of the securities mentioned in this (or any) podcast orvideo represent past specific recommendations of MulloolyAsset Management.This video is NOT a recommendation to buy or sell any of thesecurities mentioned here.If you’re relying on a podcast for investment advice, you arelikely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buy or sellany investment. Mullooly Asset Management January 2013
  8. 8. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management January 2013

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