8/6/17
ICYMI (In Case You Missed It):
Leakage – Stop Raiding Your 401(k) Plan
“I always tell our clients that a 401(k) is an account with a singular, specific purpose: funding your retirement.” – Tom Parks AIF®, CRPS® Director of Retirement Plan Services, Annex Wealth Management
Economists at Boston College’s Center for Retirement Research estimate that 401(k) loans and other early withdrawal activity threatens to reduce retirement account values by up to 25% when compounded over 30 years. READ MORE
This weeks’ “MoneyDo” is: Understand what you need to know before you make your August payment from a 529.
If you’re paying for your own or your child’s college education, you know that mid August is a key time for making a tuition payment.
Over the past few months, you’ve heard us discuss Wisconsins Edvest program. If you’re using in EdVest or a different 529 plan, now’s the time to understand what you should know or consider how to make a payment from your 529 plan…
AXIOM + GRAPHIC = AXIOMAPHIC OF THE WEEK
Young Americans Turn Their Backs On Traditional TV
With the emergence of streaming services such as Netflix, Hulu and Amazon Prime Video, traditional TV is finding itself under increased pressure to retain its place as the go-to medium for entertainment, distraction and information. While people still spend more time watching TV then they do using any other medium, there are signs that indicate its future may not look quite as bright.
As figures from Nielsen’s quarterly Total Audience Report indicate, young Americans are watching less and less TV. Since Q1 2011, the time Americans aged 18-24 spend watching TV dropped by more than 40 percent. In the first quarter of 2017, young Americans spent an average of 14 hours and 31 minutes a week watching traditional TV, down from 26 and a half hours in 2011.
Source: https://www.statista.com/chart/3613/tv-usage-by-american-teens/
BEST OF OUR RADIO PROGRAMS
Know The Difference™ Minute:
Strange Recovery
The American economy is in the ninth year of an economic expansion – unique in both its duration and pace. Annex Wealth Management’s Dave Spano details the expansion.
Market Correction Vs. Bear Market
What Asset Allocation Should I Have As I Retire?
Review & Update Your Beneficiary Designations
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