Axiom | Vol 456

Week In Review

Is That Stagflation Ahead?

PCE – The Fed’s preferred inflation measure – shows inflation up .4%. Accompanied by a slower GDP, we may be entering stagflation. Annex Wealth Management’s Dave Spano and Brian Jacobsen discuss.

Featured

Does The Corporate Transparency Act Apply To You?

Read our article regarding the status of the Corporate Transparency Act, with even more updates since our last Axiom issue.

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Consolidating Retirement Accounts | Target Date Funds Nearing Retirement

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23andMe Bankruptcy: Delete Your Data Before It’s Sold

On March 16, 2025, 23andMe, the genetic testing company, filed for Chapter 11 bankruptcy, putting the sensitive DNA data of over 15 million customers at risk. As the company seeks a buyer for its assets, privacy concerns are mounting over who might gain control of this information.

Your genetic data—revealing ancestry, health risks, and more—is deeply personal and irreplaceable. If sold to a third party, like a pharmaceutical firm or insurer, it could be used in ways you never agreed to, despite some legal safeguards. With the sale process underway, now is the time to act.

To delete your data, log into 23andMe, go to “Settings,” select “23andMe Data,” and choose “Permanently Delete Data,” then confirm via email. You can also revoke research consent under “Preferences.” Some data may be retained for legal reasons, but deletion reduces what’s at stake.

As of March 26, 2025, the future of 23andMe’s database is uncertain. Protect your privacy—delete your data before it’s too late.

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Asset Rich, Cash Poor: Unlocking Wealth

Listen as members of the Annex Team discuss the upsides and downsides of being asset rich and how to unlock cash from your assets without losing ownership when the time comes.

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