This podcast summary discusses a New York Times article about retirees facing a million-dollar illusion due to underestimating how long their savings need to last. The podcast suggests that moving too heavily into bonds near retirement can be problematic as stocks often continue growing longer. Instead, it recommends staying in the stock market longer and averaging into bonds over time rather than all at once. Listeners are advised to consult their financial advisors before making investment decisions.

1. Mullooly Asset Management Podcast
June 11, 2013

2. New York Times Article 6/8/2013
"For Retirees, a Million-Dollar Illusion"

3. “Low-Lights”
Work longer
Save all you can
Tap home equity

4. Stocks or Bonds?
Shifting into bonds when nearing retirement was a
good idea
Problem many are discovering now…
Should have stayed in the stock market MUCH
longer before moving to bonds

5. Possible Solutions
Stay in the market
Average into bonds, not all at once
Re-adjust your plans

6. None of the securities mentioned in this (or any) podcast or
video represent past specific recommendations of Mullooly
Asset Management.
This video is NOT a recommendation to buy or sell any of
the securities mentioned here.
If you’re relying on a podcast for investment advice, you are
likely making a huge mistake.
We strongly urge our listeners to consult with their
investment advisor before they make a decision to buy or
sell any investment.

7. Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net