At retirement, accumulation units are converted to Annuity Units.

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This is calculated by multiplying .08 by 1 minus the tax bracket of .28 [.08 (1 - .28)]. The incremental return achieved by a portfolio above its benchmark.

A positive (negative) alpha indicates stronger (poorer) fund performance than predicted by the fund’s level of risk (measured by beta). that may represent more or less than one underlying share of the issuer. A not-for-profit, privately owned corporation in New York that handles approximately 10% of all securities trades within the United States.

Allocations of losses, deductions, or section 705(a)(2)(B) expenditures attributable to partnership nonrecourse liabilities (“nonrecourse deductions”) cannot have economic effect because the creditor alone bears any economic burden that corresponds to those allocations.

Thus, nonrecourse deductions must be allocated in accordance with the partners' interests in the partnership.

Unfortunately, most people do not understand this, and the mainstream media is treating “Dow 20,000” as if it is some sort of great historical achievement…

The average began tracking the most powerful corporate stocks in 1896, and has served as a broad measure of the market’s health through 22 presidents, 22 recessions, a Great Depression, at least two crashes and innumerable rallies, corrections, bull and bear markets.

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