As of October 8, 2008
Borrowing Rates
Prime 15-Yr fixed 30-Yr fixed 5/1 Adj. Credit Equity Loan 5.00% 5.78% 6.01% 5.99% 11.31% 5.47%
Money Market Rates
Cash 3 mo CD 6 mo CD 1 Yr CD 2 Yr CD 5 Yr CD
2.45% 3.01% 3.20% 3.68% 3.78% 4.01% Fixed Income Rates
3 mo bill 6 mo bill 2 yr note 5 yr note 10 yr note 30 yr bond
0.51% 1.20% 1.75% 2.78% 3.71% 4.19% Year To Date Index Returns
Dow Jones S&P 500 Nasdaq Russell 2K Treasuries Corporates
-18.30% -20.90% -22.00% -12.30% 10.55% 3.26%
›IRA holders aged 70 and older can opt to transfer their required distribution directly to a charity of their choice up to $100,000, although expired 12/31/07 likely to be reinstated.
› For 2008, the amount you can contribute to your 401k plan is $15,500 - If you are 50+, you can contribute an additional $5,000
›For the self employed, you can contribute up to $46,000 in an
Indi 401k Plan
for year 2007 : or $51,000 if your are over age 50
For IRAs and Roths, you can contribute up to $5,000 per year.
›iSHARES has introduced a tax free municipal bond ETF
›This week's show "How To Pick A Mutual Fund"
15Yr Fixed - 5.08%
30Yr Fixed - 5.62%
5/1 Adj. - 5.76%
3 Mo CD - 3.35%
6 Mo CD - 3.30%
9 Mo CD - 3.40%