Latest News
Markets in a Nutshell
Stocks gained last week to push the stock rally to 3 straight months. The Dow gained 2.7% for the week and is down 3.1% for the year. The Nasdaq jumped 4.9% for the week and is up 12.5% for the year.
I have heard from quite a few people that are convinced that the economic downturn has been caused by the media. While this is probably an extreme view (we would say the economic downturn has been caused by economic factors) we here at the nutshell certainly have voiced our frustration over the years over the media hyping of negative events which can exacerbate situations. Read on for some good media news.
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.
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.
