New York State Deferred Compensation Plan: Taking a Loan

This week’s Mullooly Asset Management podcast focuses on the New York State Deferred Compensation plan. Tom Mullooly manages investments for over 300 different individuals who are participants in the New York State Deferred Compensation program, and he knows what some of the most frequent questions about the plan are.

Many people are looking to take loans from their New York State Deferred Compensation plan, and taking that action has many implications. Tom goes over the pro’s and the con’s of taking a loan from your New York State Deferred Compensation program in this week’s podcast so tune in. If you have any specific questions about your NYSDCP after listening to the podcast feel free to contact Tom.

If you are thinking about taking a loan from your New York State Deferred Compensation plan you should listen to this podcast first!

Now, if you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here be considered specific investment advice.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment or investment strategy will be profitable or equal to past performance levels.

All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions, or withdrawals may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for an investor’s portfolio.

You can download this week’s podcast about taking a loan from your New York State Deferred Compensation program on iTunes for free.

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About Thomas Mullooly

Mullooly Asset Management is a Fee-Only Investment Advisory firm located in Manasquan, New Jersey. We manage money and offer financial planning guidance and advice for individuals.

We also help individuals manage their retirement account at work (401k account, deferred compensation account, or 403b Annuity). Contact Mullooly Asset Management or call us at 732-223-9000 for more information.