Latest News
Markets in a Nutshell
Stocks gained last week. The Dow rose 2.3% and is now up 1.3% for the year. The S&P 500 was up 3.1% to push into positive territory for the year at 2.1% and the Nasdaq jumped 3.9% for the week and is up 2.5% for the year. The Barclays Aggregate Bond index remains in plus territory for the year with a 1.8% gain. Gold was up 1.4% last week and is up 3.6% for the year. One note on gold: although as we see more and more people calling for higher and higher gold prices and see headlines like "Should You Join The Next Gold Rush?", we start to wonder if there is too much short term bullishness and a pullback is coming.
Preparing for EFAST2
The government is going green with the implementation of mandatory electronic Form 5500 Series filings. All qualified retirements plans, including those sponsored by our clients will file electronically.
For your convenience we have posted FAQs on our site highlighting the key points of EFAST2.
Plan Limits for 2010
On October 15, 2009, the IRS released the Retirement Plan Limitations and Cost of Living adjustments (COLA) for the 2010 Tax Year. Separately, the Social Security Administration announced the maximum taxable wage base for 2010.
For your convenience we have posted a table of the changes to the Plan Limits on our site.
New R2R Investment Portfolios available
MGO has made two new investment portfolios available for R2R.
Click here to review the IPS documents.
MGO in Forbes
In the November 10, 2008 issue of Forbes MGO, Inc. was featured in a Cleveland Financial Profile.
Click here to read a copy of the article.
