Linked below is the latest episode of the Mullooly Asset Show over on our YouTube channel! For years now, we’ve been cranking out episode after episode on a weekly basis. There’s plenty to catch up on if you’re new to the channel!
Here’s what I’ve been reading this morning:
‘Taking Money From Your 401(k) to Buy a House’ – Mullooly Asset Show
- In this week’s video, Tom answers whether or not you should take money from your 401(k) to buy a house. You need to know all of the ramifications of taking a retirement account distribution BEFORE you do anything. Tom walks you through it all while offering up some other ways to tap that money. But the point remains that saving for a house in a retirement account is probably not a good idea!
‘Is it Realistic to Have 100% of Your Portfolio in Stocks?’ – Ben Carlson – A Wealth of Common Sense
- For MOST people, some combination of stocks, bonds, and potentially other investments will make up the portfolio. But could you have 100% of it strictly in stocks? Ben takes a look at what that kind of portfolio might feel like in this post.
‘What the Debt Ceiling Could Mean for Social Security and Medicare’ – Lorie Konish – CNBC
- You might have heard the term “debt ceiling” a few times over the years, and especially the last week or so. What is it? What does it mean when we hit it? This article takes a look at the debt ceiling and it’s potential impact on things like Social Security and Medicare.
‘Why Overconfidence Bias May Cost Investors’ – Greg Iacurci – CNBC
- While being too afraid to make decisions can hurt investors, having TOO MUCH confidence can also be harmful. This article talks about overconfidence bias and how it negatively impacts investors.