Tax
This is the maximum contribution limit for a Traditional or Roth IRA in 2024.
What is $7,000?
The bear market from October 2007 to March 2009, which saw the S&P 500 decline by approximately 57%, occurred during this major financial crisis.
What is the Great Recession?
This year saw the highest U.S. unemployment rate since 2000, not including the COVID-19 pandemic, reaching 10.0% during the Great Recession.
What is 2009?
This major U.S. stock market index includes 30 large publicly traded companies and is often used as a barometer for the overall market.
What is the Dow Jones Industrial Average?
In 2024, this is the annual gift tax exclusion amount per person.
What is $18,000?
In this year, the U.S. stock market recovered all of its losses from the 2008 financial crisis, reaching new all-time highs.
What is 2013?
The economic crisis that began with the collapse of Lehman Brothers occurred in this year.
What is 2008?
This term describes a market trend where stock prices rise steadily over time, often associated with economic optimism.
What is a bull market?
The lifetime unified estate and gift tax exemption per person in 2024 is this amount.
What is $13,610,000?
This year saw the Dow Jones Industrial Average cross the 20,000-point milestone for the first time in its history.
What is 2017?
The U.S. saw the highest federal minimum wage increase in its history in this year, raising it to $7.25 an hour.
What is 2009?
A market in which prices fall by 20% or more from recent highs, often signaling a downturn in the economy, is called this.
What is a bear market?
This is the catch-up contribution limit for individuals aged 50 and over for 401(k) and Roth 401(k) plans in 2024.
What is $7,500?
This month and year marked the beginning of the longest bull market in U.S. history, following the lows of the Great Recession.
What is March 2009?
In this year, the United States experienced a major economic downturn following the dot-com bubble burst, leading to a recession.
What is 2001?
This economic condition is typically marked by two consecutive quarters of negative GDP growth, rising unemployment, decreased consumer spending, and lower industrial production.
What is a recession?
In 2024, this is the annual exclusion for gifts to a noncitizen spouse.
What is $185,000?
The longest bear market in U.S. history, lasting from September 1929 to June 1932, saw the stock market decline by nearly 90% during this major economic downturn.
What is the Great Depression?
This year recorded the highest level of inflation in the United States since 1980, reaching 8%.
What is 2022?
This type of financial instrument derives its value from the performance of an underlying asset, such as stocks, bonds, or commodities.
What is a derivative?