The Illiquid Millionaire: Retirement Reality in New Jersey скачать в хорошем качестве

The Illiquid Millionaire: Retirement Reality in New Jersey

How Can You Be Rich - But Still Broke In 2025? Many New Jersey retirees face the challenge of being “asset-rich" but cash-limited in cash terms. A recent Bloomberg article, “The Era of the Illiquid Millionaire Is Here,” highlights a growing financial issue among New Jersey retirees. Many individuals in Monmouth County, Ocean County, and other NJ counties now hold substantial wealth in appreciated property and retirement accounts, yet face limited liquidity to fund daily living and long-term expenses. Points: 1. Significant appreciation in New Jersey property values has created widespread wealth. But this is not very easy to turn into cash. 2. Selling a residence may trigger considerable tax obligations and transaction costs. 3. Distributions from 401(k) and IRA accounts are fully taxable as ordinary income. 4. Required minimum distributions (RMDs) may elevate retirees into higher tax brackets. 5. A coordinated financial strategy may help improve liquidity and tax efficiency in retirement. Bloomberg article (paywall): https://news.bloombergtax.com/daily-t... #NewJerseyRetirementPlanning #IlliquidMillionaire #RetirementIncomeStrategy #TaxEfficientRetirement #401kWithdrawals #RMDPlanning #NewJerseyRetirees #RetirementTaxes #FinancialPlanningNJ #RetirementHousingMarket #SellingYourHomeInRetirement #RetirementLiquidity #FinancialAdvisorNewJersey #RetirementAssets #RetirementChallenges 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. 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: support@mullooly.net 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.