Managing Your Own Money In Retirement

Look for additional information in the pinned comment below, we think you will find it helpful when thinking about working with an advisor, or DIY (do-it-yourself). Somewhere in your late 50s or early 60s, a quiet question can start to surface: should I be getting some help managing my money? If you've handled your own investing for years, that question usually shows up for a reason. In this video, Tom Mullooly looks at why the decisions start piling up as retirement gets closer. For example, which account to draw from first, how to take money out without handing too much to the IRS, when to turn on Social Security, whether Roth conversions make sense, and how required minimum distributions fit in. Tom also gets into two things people rarely say out loud: why a mistake is harder to recover from at this stage of life, and what happens to your spouse if you're the one who handles everything. There's a lot written about when it makes sense to bring in some help. We've linked to a few of those below if you'd like to read more. Watch all our videos: https://mullooly.net/videos Read the blog: https://mullooly.net/blog Subscribe to catch new episodes Questions? Schedule a consultation: https://mullooly.net/contact 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. We primarily work with individuals and couples in Central New Jersey with at least $250,000 in investable assets. 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. 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. Our topics and questions range from those brought up, or sent in, by our viewers. Get in touch with us here: Mullooly Asset Management 1971 State Route 34 Wall Township, New Jersey 07719 Phone: 732-223-9000 Website: https://mullooly.net Facebook: www.facebook.com/MulloolyAsset Twitter: @mulloolyasset LinkedIn: @mullooly-asset-management Email: [email protected] This content is provided for informational purposes only and does not constitute personalized investment, tax, legal, or accounting advice, and should not be relied upon as such. Mullooly Asset Management, Inc. is not endorsing practices, products, or services that may be mentioned, and highly recommend consulting with a licensed financial professional about your own specific goals and circumstances prior to engaging in any financial decisions. Investing involves the risk of loss. Employees of Mullooly Asset Management, Inc. may maintain positions in securities discussed, however absolutely none of this is a solicitation or recommendation to buy or sell. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decisions. Past performance is not indicative of future results. This content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice.