The Great Recession: December 2007 ~ June 2009

The Great Recession is official in the record books. The 18-month recession began in December 2007 and ended in June 2009. This was the longest slump since the Great Depression according to National Bureau of Economic Research’s Business Cycle Dating Committee, a group of academic economists that determines these benchmarks.

Great Recession

The Great Recession – Dec 2007 ~ Jun 2009

The Great Recession is official in the record books. The 18-month recession began in December 2007 and ended in June 2009. This was the longest slump since the Great Depression according to National Bureau of Economic Research’s Business Cycle Dating Committee, a group of academic economists that determines these benchmarks.

Great Recession

Equity-Indexed Annuities? Roll your own…

Considering equity-indexed annuities? Roll your own to get similar advantages and skip the downsides. Instead of a $10,000 annuity, you could put $7,260 into a 3.25% 10-year certificate of deposit from Discover Bank and $2,740 into Vanguard Total Stock Market.

California Raiding the 401(k)?

Talk about raiding your 401(k)! This doesn’t sound like a good idea. (Calpers is the California Public Employee’s Retirement Systems, the nation’s largest pension fund)

Schwarzenegger in Talks to Borrow From Calpers - WSJ.com

Schwarzenegger in Talks to Borrow From Calpershttp://online.wsj.comCalifornia finance officials are looking into whether the strapped state can borrow $2 billion from the California Public Employees’ Retirement System, the nation’s largest pension fund.

Watching Paint Dry…

“Investing should be more like watching paint dry or grass grow. If you want excitement take $800 and go to Las Vegas.”
— Dr. Paul Samuelson (the first American to win the Nobel Prize in Economics)

Dr. Paul Samuelson

Hiring Expert Advice

Why are people reluctant to hire financial advisors? They often think investment managers are for the wealthy, not for the middle class, and many people don’t know where to find an advisor they can trust.

ABOUT US

We are a fee-only, independent fiduciary advisor. Our allegiance rests solely with our clients and their best interests. We are headquartered in Charlotte, North Carolina and serve client families across the nation.



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