Investing Mistakes Can Happen When You Seek Safety

by Retirement Advisor | Dec 22, 2022 | 457 Plan

The biggest risk when investing for retirement isn’t stock market volatility. It’s being too safe with your long-term money.

In this week’s video, Tom talks about how mistakes can happen when folks want short-term certainty with their long-term dollars.

Tom walks through some real life examples we’ve seen this year of people forgoing the long-term growth and flexible withdrawal provisions of certain retirement accounts in favor of low return annuities.

Check out this week’s video so you don’t make the same mistake!

#investing #retirement #457

0:00 – Mistakes for safety
0:39 – Forced sellers
1:52 – Security vs. long-term returns
2:36 – 457 retirement plans
3:15 – Pre 59 1/2 withdrawals
4:20 – Short-term $ vs. long-term $

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.

Tom Mullooly is an investment industry veteran of over 30 years. Prior to launching the “Mullooly Asset Show,” Tom (along with his sons) recorded close to 200 podcasts and nearly 200 videos, which can be found on the site

The “Mullooly Asset Show” is a new chapter in furthering the education of investors young and old. We answer questions and cover topics that YOU bring up. Our topics and questions range from those brought up by clients to those sent in by our viewers.

Get in touch with us here:

Office: 1971 State Route 34 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.

Our Point & Figure charts are provided by our good friends at Dorsey Wright & Associates….(read more)