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 […]
Click to Enlarge IRA Contribution and Income Limits for 2021 and 2022 Please see these links for articles on Traditional IRAs and Roth IRAs, Backdoor Roth IRAs, Jumbo Roth IRAs, SEP IRAs, SIMPLE IRAs, 401(k)s. Income defined as Modified Adjusted Gross Income (MAGI). Click Here for Your Long Term Care Insurance Quotes
Missing Top-Performing Days Can Hurt Your Return Hypothetical Investment of $100,000 in the S&P 500 Index Over the Last 20 Years (2002–2021) The graph below shows how a hypothetical $100,000 investment in stocks would have been affected by missing the market’s top-performing days over the 20-year period from January 1, 2002 to December 31, 2021. […]