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.

1. Mullooly Asset Management Podcast
January 16, 2013
Mullooly Asset Management January 2013

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. Loan Details
 Terms and conditions
 “You are paying yourself!”
 Discipline
Mullooly Asset Management January 2013

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. What Could Happen
We 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. "Would you invest this money in the stock market,
if you knew you (your client) would be tapping into
this money in a short period of time?” –
401(k) Breaches Undermining Retirement Security for Millions
by Michael A. Fletcher of The Washington Post (1/14/2013)
Mullooly Asset Management January 2013

7. 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.
Mullooly Asset Management January 2013

8. Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management January 2013