Greetings!
Please take a moment to read the two articles we have posted for this lastest issue of our newsletter. If you find either of these articles helpful, take a moment and let us know. For that matter if you do not find them helpful let us know.
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Best,
John A. Frisch, CPA/PFS, CFP
President & Founder
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Hell Week - One Year On
by Nick Murray |
We recently observed the first anniversary of the most shocking and terrifying week in most of our financial lives: the economic cataclysm of September 15-19, 2008.
Even the greatest one-day stock market crash in history on October 19, 1987 did not shake us the way this Hell Week did, inasmuch as it was almost entirely contained in the equity market: the economy, the banking system, and the world at large, aided by a tsunami of liquidity from the Federal Reserve, rolled merrily along. The epicenter of the earthquake-at the corner of Broad and Wall Streets-turned out to be the whole earthquake.
Please read the full article for more information. © 2009 Nick Murray. All rights reserved. Used by permission. |
Deadline Rapidly Approaching for Roth 2008 Recharacterizations
Guidelines You Need to Know |
Did you convert a traditional IRA to a Roth IRA in 2008 only to see your new Roth IRA balance decline due to market conditions? If so, you may want to consider recharacterizing your conversion. A recharacterization essentially allows you to undo the conversion and treat it as if it never occurred. But you must act quickly--the deadline for recharacterizing 2008 conversions is October 15, 2009.
To read more about ROTH recharacterizations, please click here for full article. |
