Meet The Axiom®’s Guest Editor: Jack Hauser, CFP®

I’m Jack Hauser, a Data Analyst at Annex Wealth Management.

I grew up just a couple of miles from our Elm Grove office and graduated from Marquette University High School in 2010. I’m fortunate enough to be back living in the Greater Milwaukee Area since graduating from the University of Wisconsin. I even live close enough to our office that I walk to work daily.

When I’m not working with numbers at Annex I love playing Euchre, cheering on the Badgers, and spending time with family in Door County. I have an older sister, Annie, who is expecting twin baby boys with her husband, Keegan, this Spring and I couldn’t be more ecstatic to become an uncle (as a first time uncle – I promise to give gifts that are a lot cooler than government savings bonds). 


Interest Rates May Continue To Rise – Which Could Mean More Volatility

An up and down week ended on an up note as a healthy jobs report seems to show a growing, healthy economy. But a good economy doesn’t always mean the markets will do well. Annex Wealth Management’s Dave Spano and Derek Felske discuss.


“I find the polls riveting because of the distribution of responses. It fascinates me seeing the summaries where the responses all seem clustered together or where they are spread more evenly.”

– Guest Editor, Jack Hauser, CFP® | Data Analyst 


Do You Have Enough Money Saved If You Are Planning On Retiring Early?

For this week’s poll, we asked readers who are planning on retiring early about the amount of money they’ve saved. 

A recent study found that around 830,000 people are expected to retire early due to the recent COVID-19 pandemic, sudden job changes, and potential health risks. Some people saw the pandemic as the perfect time to retire early with the necessary funds and plans in place, while some were forced to retire due to sudden furloughs or unemployment. 

According to our poll results, 67% of respondents said that they have saved enough money for early retirement. There was a group of 21% of respondents that were not sure, and the smallest group of 12% responded that they do not have enough money saved.   

Early retirement planning and saving can be difficult, especially during unprecedented times. Experts recommend starting early, creating a goal date or age, learning about you and your spouse’s Social Security benefits, setting realistic monthly budgets, and much more.  

Have questions about saving or planning for early retirement? Annex can help. Annex Wealth Management provides investment and retirement planning, tax planning, and estate planning, and is a full-service wealth management experience from a fee-only fiduciary. Head to and click the Get Started button. 


“I find the MoneyDo reminders to be useful because they are succinct, timely, and actionable reminders to evaluate a portion of your financial landscape. I’m in awe on a daily basis of how our team is able to piece together all of those portions of a household’s financial landscape (investment planning, retirement planning, tax planning, estate planning, insurance planning) to develop comprehensive plans and strategies that benefit folks across the country.”

– Guest Editor, Jack Hauser, CFP® | Data Analyst 


Review & Optimize Tax Savings Vehicles Before April 15

April 15th is fast approaching. Many of us know that date as the deadline to submit taxes, but it’s also a deadline for other savings activities that may be advantageous to you.

· If you haven’t maximized your retirement contributions for 2020, the IRS allows you to make certain contributions in the current year and apply them to the prior year, as long as you make them by the tax deadline.

· Review your IRA contributions for 2020. You may still be able to contribute up to $6,000 for tax year 2020, and an additional $1,000 catch-up, if you’re 50 and older.

· Confirm whether or not you were eligible for a Roth contribution. Similar to a traditional IRA, you have until April 15th to fund your 2020 contribution.

· Be aware of the income limitations. You can only contribute to either a Roth or a traditional IRA, not both (you can split your maximum contribution between the two types).

· If you’ve been saving to a 529 account, or considering opening one, you’re still able to contribute for 2020 and receive a deduction (up to $3,340 per beneficiary) on your Wisconsin return, if you fund this before the tax filing deadline.

Mid-April is also a great time to plan tax circumstances that could have an impact on the rest of your year.

· When you filed your 2020 tax return, did you write a check? Now is a good time to be sure that you have made the necessary withholding adjustments or are making quarterly estimated tax payments this year.

· If you’re expecting a refund, below are the links to both the IRS and Wisconsin websites that allow you to track the status of your refund.

Federal:  Wisconsin:


This week’s Ask Annex comes from Barb, who asks:

“Will I have to give back some of the stimulus check if our income is above $150,000?”


Annex Wealth Management’s Mark Strey, CFP®, CMFC® responded to Barb’s request:

Dear Barb,

Your stimulus check isn’t “income,” according to the law and the IRS. Instead, it’s simply an advance payment of a tax credit. And tax credits aren’t taxable income.

To clarify the difference between “income” and “advance payment,” the IRS website ( refers to “stimulus checks” as an “Economic Income Payment.” puts it this way, “The Payment is not includible in your gross income.  Therefore, you will not include the Payment in your taxable income on your Federal income tax return or pay income tax on your Payment. It will not reduce your refund or increase the amount you owe when you file your 2020 Federal income tax return.”

In terms of “paying back” your Economic Income Payment, no, there is no provision in the law that would require individuals who qualify for a Payment based on their 2018 or 2019 tax returns to pay back all or part of the payment, if based on the information reported on their 2020 tax returns, they no longer qualify for that amount or would qualify for a lesser amount.

For example, you received $500 for your child who, based on your 2018 or 2019 tax return, met the qualifying child requirements. That child turned 17 in 2020 and no longer meets the qualifying child requirements. You will not be required to pay back the $500.

Or, for example, you received $500 for your child whom you claimed on your 2018 or 2019 tax return. You do not claim the child on your 2020 tax return because the child’s other parent claims the child. You will not be required to pay back the $500 even if the child’s other parent claims $500 for the same child on his or her 2020 tax return.

Keep Notice 1444, Your Economic Impact Payment, with your 2020 tax records. The IRS will mail Notice 1444 to your last known address within 15 days after the Payment is made.

For more information, visit or give us a call so we can talk it all through.



Mark, CFP®, CMFC® | Wealth Manager


Does Your Advisor Encourage You To Check In On Your Retirement Plan To Make Sure You’re On Track?

Got 5 minutes? Checking in with your plan every so often will ensure that you’re on track to hit your retirement goals. Here’s how to give your 401(k) a quick checkup in 2021.



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Annex Wealth Management provides free workshops, open to the public, on key wealth management topics.

Each week, we provide links to register for upcoming events.