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Philanthropy

›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.

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Retirement News:

› 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

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›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

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For IRAs and Roths, you can contribute up to $5,000 per year.

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ETF News

›iSHARES has introduced a tax free municipal bond ETF

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Cable TV News

›This week's show "How To Pick A Mutual Fund"

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Current Rates

15Yr Fixed - 5.08%
30Yr Fixed - 5.62%
5/1 Adj. - 5.76%

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Deposit Rates

3 Mo CD - 3.35%
6 Mo CD - 3.30%
9 Mo CD - 3.40%

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