1 | Week In Review

Inflation Stays Hot. Look For Another Rate Increase.

Early earnings reports have been pretty good, but CPI, PPI, and retail sales did not report positively. What can we expect from the Fed? Annex Wealth Management’s Dave Spano and Derek Felske discuss.

2 | Poll

When Do You Online Shop?

In the Digital Age, it’s easy to want things to happen instantaneously, whether it’s a Google search, ordering food, or even general communication. Now that the auto industry has been producing more and more models of electric vehicles, another expectation has been introduced: waiting for EV’s to charge. 

When asked how long you would wait for an electric car to charge, the two top responses were “25 minutes” (31%) and “the same as it takes to put gas in a gas-powered car” (48%). 16% of polltakers said they would wait 1-2 hours, and 5% even said they’re willing to let their car take 6+ hours to charge. 

If you’re in the market for an EV and want one that is efficient with charging, Kelley Blue Book has listed the 5 Fastest Charging Electric Cars. In one minute of charging, the Lucid Air can get you 20 miles, the Porsche Taycan 15.5 miles, and the Tesla Model 3 15 miles.  

In the vein of wanting instant gratification, we’d like to know your preferences when it comes to online shopping.  

Oops! We could not locate your form.

3 | Client Exclusive

In Case You Missed It.

At the beginning of October, we sent out a message to our clients with a wrap up of the third quarter and an outlook of Q4.

If you haven’t had a chance to watch and listen, you can do so below. Matt Morzy, Manager of Annex Wealth Management’s Investment Team, and Mark Beck, Managing Director of Wealth Management Services, discuss the types of moves Annex is making and the research and analysis that drives those decisions.

Thank you for your continued trust in Annex Wealth Management!

WATCH HERE

4 | Did You Know?

You Can Rewatch Past Annex Webinars

Were you not able to make one of our presentations? Did you attend, but want to go back and make sure you heard something right? You’re in luck!

When you visit our website, you can go to the Events tab and watch select recordings of past webinars at any time! Some videos available include The Focus Series: Inflation, Understand Your WRS Potential, and The Gift of Education | 529 Plans.

Follow this link to the page.

If you have questions about any of these topics or videos, make sure to reach out to your Wealth Manager or Client Service Manager!

5 | Ask Annex

Annex Wealth Management’s Sarah Kyle and Randy Winkler, CFP® answer several Ask Annex questions:

“I’m under 59 and a half, but need to withdraw money from either a 401k or one of my IRAs. What’s best from a penalty standpoint?” – P.J.

“Any thoughts on investing only in U.S. companies?” – Alan

“Going back to work after 18 months off, I considered myself retired even though I didn’t do anything official, like withdrawing retirement funds. Do I need to alert anyone like Social Security?” – Anonymous

“Graduated law school. Have my first job. I want to start investing right away in a Roth IRA. Is there a consensus on the best provider to set up a Roth like avoiding fees, good info displays, index funds, etc.?” – Daryl

“Is there a formula to determine if a backdoor Roth IRA is the way to go? I’m highly compensated, but also highly confused about the process.” – Anonymous

“I’m 64 and qualify for early retirement. Vested in my pension. Wanted to work at least another year or two, but it seems I’m getting fired soon. Should I retire early or wait until I’m fired? Get a few more paychecks and collect my pension? Employment after. I could also quit live from savings until 65 and collect pension then.” – Anonymous

Do you have a question for Annex Wealth Management? Drop it here: annexwealth.com/ask

6 | Quote of the Week

Events & Webinars

Annex Wealth Management has always been committed to client growth and education. Planning and saving can be demanding. We’ve found that when our clients master key concepts, it often enhances working together to reach their goals. Because these are not sales presentations, our clients benefit from a truly informative experience.