There’s a lot that’s happened over the past seven years, but throughout that time we’ve been delivering the Axiom to subscribers, providing the Annex team’s perspective on what’s happening in the world.
It’s hard to remember what happened in which year, so we’ve created a short list of what the world looked like in the year the Axiom was created.
Here are some other things that happened and were going on in 2016:
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- Barack Obama was president
- Spotlight won best picture at the 88th Academy Awards
- The Dow Jones posted a 13.6% gain for the year
- The giant panda was no longer classified as “endangered”
- Andy Murray was Wimbledon champion
- Unemployment fell to 4.6% in November, the lowest since the recession
- Hamilton took off on Broadway
- The Cubs won the World Series, ending a 108-year drought
Thank you for reading and listening to our team these past seven years! We look forward to continuing to provide you with our insights and knowledge.
Stocks closed down after a significant rally, but the US economy still hasn’t suffered the downturn experienced overseas. Will the Fed continue to raise rates in 2023? Annex Wealth Management’s Dave Spano and Derek Felske discuss.
Extra! Extra! Read All About It
Whether it’s breaking or not, people can get their news and information via many different outlets.
Last week, we asked what readers prefer when it comes to news consumption. Print and radio were the least used, with 15% and 10% of polltakers using those, respectively.
Television came in second, with 22.5% of people preferring this method. Considering the convenience of it, we weren’t surprised that an overwhelming 52.5% of readers use digital platforms to get their news, between news apps, websites, and social media.
If you’re looking to get news and information from Annex Wealth Management, look no further than our website, which lists the many platforms where you can see and hear our team. We aim to provide the most up-to-date perspectives on the world around us as we see it, and give insight to what we think may be coming.
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The Difference Maker Of The Game
Brewers vs. Diamondbacks | June 19, 2023
Click to listen!
Check out the full archive HERE.
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Key Things You Should Know About Your Employer Sponsored Retirement Plans
It’s always important to check on your 401(k) plan from time to time. Your 401(k) is a great investment tool when planning for your future in and through retirement, so it’s instrumental to be up to date on the specifics of your plan so it continues to work best for you!
Check your beneficiary. Depending on your retirement plan provider, you either have the ability to designate your beneficiary online, or you may have to maintain a hardcopy on file with your employer. Either way, take a moment to verify that your beneficiary designation is up to date because nobody lives forever.
Review your investment allocation. When was the last time you carefully reviewed your 401(k) allocation? If you haven’t checked it in a while, there’s a decent chance that market fluctuations have caused your allocation to be out of whack. Any time you make adjustments to your 401(k) investments, make sure to verify whether you’re changing the current balance in your account or if you’re redirecting the investment of future contributions. It’s not uncommon for people to confuse those two because most recordkeeping systems allow you to employ separate investment strategies for current balances versus future contributions.
Consider increasing your contributions. Momentum can be a tremendous asset when it comes to saving money, but it’s important to avoid complacency. If you haven’t reconsidered the amount you’re saving toward retirement, now is as good a time as any. If the amount you’re saving doesn’t hurt at least a little bit, chances are you should increase your savings.
Reevaluate your strategy. Even though most 401(k) plans do offer a Roth feature, it’s often significantly underutilized as compared to the traditional pretax approach to retirement savings. While Roth isn’t necessarily appropriate for everyone, it can’t hurt to do some thoughtful analysis to make sure that you are making the most of the planning tools available to you.
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Annex Wealth Management’s Sarah Kyle and Matthew Morzy, CFP® answer several Ask Annex questions.
Do you have a question for Annex Wealth Management? Drop it here.
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