At the halfway point of June already? Where is the time going? Have you subscribed to the Mullooly Asset Management YouTube channel yet? Okay, enough questions. But seriously, if you haven’t, now is the time!
Here’s what I’ve been reading this morning:
‘Personal Finance: A Unique Father’s Day Gift’ – Casey Mullooly – Mullooly Asset Management
- Father’s Day is coming up this weekend, and if you’re struggling to find a traditional gift to get dear old Dad, look no further. This post outlines ways to give the “gift” of being financially independent from your parents.
‘Lost 401(k) Accounts and Pensions: How Lawmakers Want to Fix the Problem’ – Sarah O’Brien – CNBC
- From 2004 through 2013, over $8.5 billion was left in old 401(k) accounts and other workplace plans with balances of $5,000 or less. This article discusses new legislation that would help individuals track down those old accounts.
‘The Time is Right for After-Tax 401(k) Contributions’ – Christine Benz – Morningstar
- With the potential for some higher taxes for high earning individuals, now could be the time to consider after-tax 401(k) contributions. Christine discusses a few of the benefits to these contributions and the timing of why it makes more sense now.
‘The Air Conditioning Effect’ – Ben Carlson – A Wealth of Common Sense
- This post from last June is a good reminder of some great innovations over the decades and how even the best inventions have unintended consequences. Ben posed some questions last year that we now have a better understanding of a year later.
ENJOY!
