Bill's History
Did Bill have a roll in creating the IRA Rollover provisions we have today?
Shortly after Bill started in the business he had a client named Ken who had a set of circumstances spelled out in the letter Bill wrote for the client's signature.
The IRA Rollover provisions that we have today did not exist. Shortly after Bill sent this letter (in the '78 tax act if memory serves) rollover provisions like the ones we have today came to fruition. Did Bill have anything to do with the IRA Rollover provisions we have today? Who knows. If he did it's likely small though it's nice to ponder.
The Letter Bill authored on behalf of client.
Below are three selected indicies showing their price on the day Bill entered the investment business and on Bill's 48th anniversary:
01/13/76 01/13/24 Rate of Increase*
Dow Jones Industrial Average (DJIA) 912.94 37,592.98 7.77%
NASDAQ 82.42 14,972.76 10.89%
S&P 500 95.57 4,783.83 8.18%
* Rate of Increase computed monthly
Of the 30 major companies that made up the DJIA on January 13, 1976 only 1 of them is still a DJIA member. It is the Procter & Gamble Company.
What changes we have seen.