1. Good Economic Data-What Will The Fed Do? 2. Poll Recap: Does The New RMD Age Affect Your Retirement Planning? 3. Client Exclusive Webinar 4. There’s No Time Limit On HSA Reimbursements 5. Ask Annex 6. “Think like a proton…” 7. HSA & High Deductible Plan Questions & Answers

1 | Week In Review

Good Economic Data-What Will The Fed Do?

The 2- and 10- year bond curve remain inverted, and rising. How will the Fed react to good economic data? Analysts now wait to see how many rate increases are in store for the rest of 2023. Annex Wealth Management’s Dave Spano and Derek Felske discuss.

2 | Poll Recap

Does The New RMD Age Affect Your Retirement Planning?

Last week, we asked Axiom readers if the SECURE Act 2.0’s new Required Minimum Distribution (RMD) age affected their financial planning. As usual, our readers showed insight and savvy – 65% indicated the change wouldn’t affect their plan.

Here’s what Eric Strom, CFP®, EA has to say about the new RMD age:

“The backing up of 72 to 73 is only a minor change. But if you zoom out and consider that it used to be 70 1/2 and will eventually be 75 (under current law), that is a significant change – but only for the 20% of people who are only taking the minimum required distributions. For those people the backing up gives more flexibility to do creative tax planning after retirement.”

If you have any questions about your Required Minimum Distribution, please reach out to your Wealth Manager or Client Service Manager! 

3 | Client Exclusive

Client Exclusive Webinar

How do you meet your goals in a changing tax world?

SECURE ACT 1, SECURE ACT 2, pending changes in the tax code…all highlight the importance of tax planning in your financial plan; knowing what you have when all the pieces are aggregated, and addressing strategies to meet your goals in an ever-changing retirement and tax planning world.

Join us for this CLIENT EXCLUSIVE webinar on Thursday, March 23rd at 3 PM CT. 

REGISTER

There’s No Time Limit On HSA Reimbursements

If you pay for any medical expenses and have an HSA, you can wait until a time of your choosing to be reimbursed. Deferring reimbursements in this manner can allow contributions to an HSA to grow tax-free, like contributions to an IRA.

If you’d like to find out if an HSA makes sense for you and your plan, talk to your Wealth Manager or Client Service Manager.

For more facts about HSAs, CLICK HERE!  

5 | Ask Annex

Annex Wealth Management’s Sarah Kyle and Matt Morzy answer several Ask Annex questions.

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

6 | Quote of the Week