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Markets in a Nutshell
"Joe Investor, the Markets Are All Yours Now." This the title from Jason Zweig's Wall Street Journal article (11/15). Zweig goes on to explain that virtually every investment that carries risk is on sale. Zweig says that while blue chip stocks are still cheap, other investments have also become cheap as institutions such as hedge funds, foundations, and state pension funds are forced to sell assets to meet margin calls (many of these institutions used heavy leverage or borrowed money to make investments over the past few year and now are forced to pay it back).
Plan Limits for 2009
On October 16, 2008, the IRS released the Retirement Plan Limitations and Cost of Living adjustments (COLA) for the 2009 Tax Year. Separately, the Social Security Administration announced the maximum taxable wage base for 2009.
For your convenience we have posted a table of the changes to the Plan Limits on our site.
