Source: LPL Research, FactSet 11/30/18
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Indexes: S&P 500 (U.S.), MSCI EAFE (developed international), MSCI EM (emerging markets).
Estimates may not develop as predicted.
All indexes are unmanaged and cannot be invested into directly.
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This research material has been prepared by LPL Financial LLC. To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial LLC is not an affiliate of and makes no representation with respect to such entity.