- Next significant move will be up
- High will come in May
- Followed by a sharp sell off
In my last post, 10/19/2009, I was looking for an intermediate market top, a sell off and then a rally into year-end. The market obliged and dropped from 1,100 on the S&P 500 that very day to a 1,030 low on Nov. 2. This was followed by a rally ending with a 1,150 close in January. A second sell off took the S&P down 9 percent to its February low of 1,044. Four trading days ago, the market closed at 1,102 giving us four plus months with virtually zero gain…
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Posted by Michael Chapman at 12:00 PM UTC
I covered the defined benefit plan in the previous article on retirement. In this article, I’ll answer frequently asked questions about this defined benefit plan.
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Posted by Michael Chapman at 12:00 PM UTC
If you’d like a retirement plan that guarantees a specified benefit level at retirement regardless of investment results, you may want to consider a defined benefit pension plan. A defined benefit plan is a qualified employer-sponsored retirement plan that is funded solely by the employer (in most cases); it’s the traditional type of pension plan. A defined benefit pension plan allows the highest potential contribution amount of any plan. These contributions are excluded from income and grow tax deferred. In addition, contributions can be deducted from business income.
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Posted by Michael Chapman at 12:00 PM UTC
In today’s corporate environment, where cost cutting, restructuring, and downsizing are the norm, many employers are offering their employees early retirement packages. As you near retirement age, you may find yourself confronted with an offer from your employer for early retirement. Your employer may refer to the offer as a golden handshake or a golden parachute. While many early retirement offers seem attractive at first, it is important for you to review an offer carefully before accepting it to ensure that it is indeed a golden” opportunity.
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Posted by Michael Chapman at 12:00 PM UTC
