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The Month in Review (Nov)

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Despite bond-buying by the European Central Bank, the overseas debt debacle spread from Greece, Portugal, and Ireland to larger economies, costing the Greek and Italian prime ministers their jobs in the process. Yields on Italian and Spanish debt neared or exceeded the 7% level that triggered the need for bailouts in the smaller countries. As …

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Market Recap – November

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The Markets Europe’s ongoing debt problems hurt domestic equities last month, causing them to reverse much of October’s strong gains. The tech-heavy Nasdaq took the biggest hit, while a strong rally on the month’s final day helped bring the S&P 500 and Russell 2000 up to just below even. The Dow–the sole gainer for the …

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2012: New Fee Disclosure rules may surprise Employees and Employers alike

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Many small business owners and employees are too busy to focus on their retirement plans, but it will be interesting to see how many notice when new fee disclosure rules come into place in 2012.  Business owners and HR practitioners should realize that they have the responsibility for compiling and disclosing fees to employees.  For …

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Will my broker calculate my cost basis for DRP stocks?

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If you think you don’t need to track cost basis on your own because brokers must now report to both you and the IRS the cost basis for any stock sold, there are some potential pitfalls to be aware of. First, new cost basis reporting requirements are being phased in. New regulations requiring brokers to …

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Qualified Charitable Distributions Qualify for RMDs

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If you’re an IRA owner who must take a required minimum distribution (RMD) in 2011, you can avoid some or all of the resulting income tax liability by donating a portion of it to charity. A qualified charitable distribution (QCD), also known as an IRA charitable rollover, can not only save you income taxes, it …

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