Don't Do This With Your IRA
Key takeaways for Video Episode #384:
Workplace plans like 401ks have the advantage of automatic paycheck deductions and investments, which facilitates dollar cost averaging
28% of IRA rollovers stayed in cash for the first twelve months, which is detrimental to long-term investment growth
The longer your investment time horizon, the greater your odds of success:
Market is up 56% of the time daily
63% monthly
75% yearly
95% over 10 years
100% over 20 years
For large IRA rollovers, consider breaking the amount into smaller chunks and investing over time to mitigate risk
Leaving retirement funds in cash, especially during working years, is a mistake that can cost you in the long term
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#457 #403 #403b
#cfp #monmouthcounty #monmouthcountynj #feeonly
#fiduciary #financialplanner #financialplanning
Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments. We act in a fiduciary capacity with our clients at all times.
Our family of investments advisors (Tom, and his three sons - Brendan, Tim and Casey) are all CFP® Professionals.
To our knowledge, WE ARE THE ONLY FAMILY firm - in the nation - with four fiduciary, fee-only investment advisors who all have earned CERTIFIED FINANCIAL PLANNER™ certification.
Tom Mullooly is an investment industry veteran of over 35+ years. The "Mullooly Asset Show," has over 350 episodes and over 450 unique podcasts, which can be found on the site https://www.mullooly.net.
The "Mullooly Asset Show" answers questions and cover topics that YOU bring up.
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Wall Township, New Jersey 07719
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None of the content on our videos, podcasts, website or social media should ever be considered to be investment advice, financial planning advice or a recommendation to buy or sell investments. Nor should our content be considered research. Please our website for complete details.
This video is not a recommendation to buy or sell any of the investments mentioned. None of the securities mentioned in this video represent past specific recommendations of Mullooly Asset Management.
We rely on fundamental and technical analysis. Neither fundamental or technical analysis can predict the future, both methods have flaws. Past performance is no guarantee of future outcomes. Any Point & Figure charts used have been provided by our good friends at Dorsey Wright & Associates.
