Click to Enlarge How High Are Individual Income Tax Rates in Your State? – 2022 Map shows top marginal rates: the maximum statutory rate in each state. This map does not show effective marginal tax rates, which would include the effects of phase-outs of various tax preferences. Local income taxes are not included. Source: Tax […]
Money Matters – Skloff Financial Group Question of the Month – February 1, 2022 By Aaron Skloff, AIF, CFA, MBA Q: Even though it is 2022, can we still contribute to Individual Retirement Accounts for 2021? What are the contribution limits, income limits and contribution deadlines for 2021 and 2022? A: The Problem […]
Click to Enlarge Past Bear Markets Have Tended To Be Shorter Than Bull Markets – 1966-2022 Average Duration: Bull Market 2,069 days, Bear Market 446 Days Average Return: Bull Market 209.2%, Bear Market -38.4% Source: Schwab Center for Financial Research with data provided by Bloomberg as of 12/31/2021. The market is represented by daily price […]
The Nasdaq Composite Just Logged Its 66th Correction Since 1971. Here’s what history says happens next to the stock market. The Nasdaq Composite Index has registered a correction 65 times (not including Wednesday’s) since it was launched in 1971, and of those corrections, 24 of them, or 37%, have resulted in bear markets, or declines […]