Whether or not a Roth conversion is appropriate for any given client must be analyzed in light of his or her individual situation--though a
market downturn may make the strategy more advantageous from a tax perspective, it is important to consider the move in light of the client's overall financial situation and long-term goals.
However, it has recently expanded its portfolio to take in churches, private property and even a Buddhist temple in order to protect itself from the
market downturn.
"I don't think the stock
market downturn is over yet."
THE number of mortgages approved for house purchase hit a new record low during May, suggesting the current housing
market downturn is intensifying, figures showed yesterday.
But the firm said the commercial property
market downturn would now see provisions for the Paradise Street project total nearly pounds 190m as values were slashed in the sector.
Despite warnings of a housing
market downturn, the property and construction sector witnessed a three per cent decrease in administrations during the first nine months of the year.
Both sides claimed victory after a New York State Supreme Court judge decided the owners of Tower 49 had been overassessed in two of eight years during the
market downturn, even while benefiting from high occupancy and the fruits of an earlier above market, non-arm's length lease.
With the full extent of the housing
market downturn in this financial year still unclear, one agent is already predicting a strong bounce back up to 2012.
Confectionery giant Cadbury Schweppes has been one of the biggest casualties of the stock
market downturn, with more than pounds 1 billion wiped from its market value.
Like many companies with large pension funds, ICI has suffered from the stock
market downturn and needs to get its fund back into the black.
The
market downturn due to the debt compression of CMBS market had a halting effect on the real estate markets, but not to the extent some prognosticators had earlier forecast.
The group, whose holdings include the Greyhound Retail Park in Chester, will say the value of its pounds 13.2bn property assets have fallen by 10% as a result of the
market downturn that has hit the sector.
