Happy Anniversary

Happy Anniversary…but not the one you’re thinking!

You may be wondering about the “anniversary” I am referring to. It was one year ago yesterday (March 9, 2009) that the Dow Jones Industrial Average technically hit a bottom (6440). Today, the DJIA closed at (10,567). Why is this information relevant? Because if you left your investment alone (assuming it was invested similarly to the Dow 30), your investment could have climbed 64% over the course of one year. The effects of the recovery were/are even greater in the S&P 500 and the NASDAQ indexes. …Just thought I would shed some light on all the doom and gloom of the economy.

As we are now full-steam into the tax-season, there may be strategies you can employ to minimize the amount of taxes you owe. If you have an IRA, you could potentially save yourself more than $1,000 in taxes for the year by putting away up to $5,000 ($6,000 if you are over 50). Individual 401k holders may benefit at an even higher level. As I continually try to emphasize the importance of saving as much as possible for retirement, remember that it is YOUR money that you are saving for YOURSELF.

Call me so we can set a date to ‘supercharge’ your savings and get you back on track towards a solid retirement plan! See the attachment for the effects of additional savings.