Contribute to your IRA now, so your money can work longer

The Ticker

October 01, 1999|By Julius Westheimer

ALTHOUGH YOU can make 1999 IRA contributions until April 17, make them now to take fuller advantage of the tax-free growth of IRAs, advises "Moneyline News Hour."

"Congress may raise the amount you may set aside in a 401(k) retirement plan. One proposal allows increasing an employee's maximum deferral from $10,000 to $15,000 a year." (Ellin & Tucker newsletter)

WALL STREET WATCH: "Stocks [are] still overvalued; conditions ripe for the market correction to continue." (Sung Won Sohn, chief economist, Wells Fargo & Co.)

"Economy remains healthy, earnings growing, no inflation to worry about -- shake all that up and you have a bull market." (Alfred Goldman, strategist, A. G. Edwards & Sons)

"With fundamental, technical and monetary conditions negative, the market has entered an eight-10 week period of high crash risk. We're in a new bear market." (Hussman Econometrics, Ellicott City)

"A `sell' discipline is critical. You must cut your losses. Most investors ride wild declines until they can't stand it any more and sell for large losses." (Dick Davis Digest)

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