Latest News
Markets in a Nutshell
Volatility continues on Wall Street. The Dow dropped 2.0% for the week. The S&P 500 and Nasdaq also declined, 2.2% and 1.7%, respectively. For the year, the Dow is down 4.8%, S&P 4.5%, and the Nasdaq 2.2%. As stocks have fallen and fears in Europe risen, money has flowed into U.S. Treasuries as a safe haven. The yield on the 10 year Note has fallen from nearly 4% to 3.19% since April (meaning prices have gone up for Treasuries). Bonds in general have kept their value with the Barclays Aggregate bond index up 4.25% for the year.
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.
