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Market Recap – January 2013

The Markets Off to a flying start: Domestic equities soared after Congress struck a fiscal cliff deal in the wee hours of the new year, and those who believe that January suggests something about the rest of 2013 were rejoicing. The Dow industrials haven’t seen a January this good since 1989; the index is now …

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Snapshot 2012 – Markets & Economy

The Markets Equities: Though equities certainly experienced some volatility during the year, the stomach-churning declines of 2011 gave way to 2012’s more moderate fluctuations and dramatically improved performance. Optimism about the prospects for an economic recovery powered equities to year-to-date highs in the fall that lost ground in the fourth quarter as the path to …

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Annual Market Review: 2012

Resilience in the face of adversity seemed to be the theme for 2012. Hurricanes that shuttered Wall Street for two days and cut oil production, the threat of a “Grexit” from the euro, Europe’s record unemployment and second recession in four years, Chinese growth that hit a three-year low, and uncertainty about elections here and …

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401(k) Corner: Fiscal Cliff emboldens Roth 401(k)!

While directly contributing to a Roth account through a 401(k) has been available for the past few years, a silver lining in the Fiscal Cliff legislation  allows all 401(k) participants to convert their conventional 401(k) balances to Roth balances.  We could use some good news and planning techniques, too, as taxes are going up for …

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Economic Perspective

Third-quarter economic growth was better than previously thought. The Bureau of Economic Analysis said its second estimate showed gross domestic product rising by 2.7%. That’s substantially better than either the initial 2% estimate or the 1.3% growth of a year ago, and was helped by higher private inventory investments and exports. Meanwhile, after-tax corporate profits …

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