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Markets in a Nutshell
Well, 2008 is in the books (and good riddance). As you may know, it was not a good year in the financial markets. For many investors, 2008's investment returns will be ugly (so be prepared if you are so inclined to open and read your year end 2008 investment statements). Overall stocks around the world lost 42% in 2008 (MSCI World Index). Returns ranged from the Dow Jones Industrial average down 33.8%, the Nasdaq down 40.5%, the Value Line down 47.3%.
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.
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.
