The month of June marks the 10th anniversary of the beginning of the financial crisis, now referred to as the Great Depression. To refresh your memory, June 2007 saw the collapse of two Bear Stearns hedge funds that had speculated in sub-prime mortgages.
By Corey Voorman
March, 2017 - The Dow reaching its highest closing record at 21,115.55. February, 2007 - HSBC Holdings announces that bad-debt charges will be 20% higher than forecasted, foreshadowing the subprime mortgage crisis.
January, 1992 - Dow closes at 3,172.41.
By Ryne J. Bessmer, AIF®
By Corey Voorman
The 1%, the 99%. These are phrases that are common in political discussion in the year 2017. We have seen political protests, rallies, demands that politicians release their tax returns. What is the history of the income tax? Was the United States Federal Government always fueled on the taxes of those who made the most? Is it now?
By Michael D. Karstens, CFP®, AIFA®
By Steve Olafson, CFP®
We expect Form 1099-R which reports distributions from quali ed retirement plans (for example, individual 401(k), pro t–sharing, and money-purchase plans), or any IRAs or IRA recharacterizations, conversions, or removals of excess to be mailed and available online by February 1st.
By Ryne J. Bessmer, AIF®
Michael D. Karstens, CFP®, AIFA®
By Ryne J. Bessmer, AIF®
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