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Axiom | Vol 284

Client Axiom | Vol 284

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Meet The Axiom®’s Guest Editor: Joseph Herron, CFP®, CRC®, CRPS™

I’m Joe Herron – 401k Relationship Manager here at Annex Wealth Management. 

Our team creates, serves and supports various retirement plans sponsored by employers – typically 401k plans. My role, specifically, is to ensure that those employer-sponsored plans are running optimally, and to assist communicating 401k plan benefits to employees. My interactions with employees often end up touching upon other facets of financial health, and in turn, elements of financial planning.   

My wife and I recently celebrated our 25th wedding anniversary this past August and have been blessed with three wonderful children that keep us on our toes. I have a passion for fly-fishing, wood-working, the season of fall (even knowing what comes after), being active in my local church, listening to my children play their instruments, and constantly honing our professional craft of financial wellness.

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Sometimes a high statistic, like the latest inflation figures, is less impactful when the experts know it’s going to be part of the future. Annex Wealth Management’s Dave Spano and Derek Felske discuss the market as a discounting mechanism.

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It really was a Silent Night.

The story of one of the most beloved songs ever written.

Turns out, one of the most beloved songs of the season is over 200 years old. The story goes that a young Austrian priest went walking out in the village around his church one December evening in 1816 and was so captivated by the quiet, still, and snowy night that he came back inside and wrote a six-verse poem that very evening. It was not too long after that he brought his poem to a musician he knew in a nearby town to have a melody created to fit the words, with the intention of having it ready for the annual Christmas Eve service.

The priest and lyricist was Joseph Mohr, the composer was Franz X. Gruber, and the song’s first audience was the attendees of the 1818 Christmas Eve mass at St. Nicholas Church in Oberndorf, Austria.[1] The simple, yet beautiful melody was captivating to those first audiences. An organ builder and repairman for the church at the time enjoyed it so much that he took a copy of the song back to his own village. From that village, two popular families of folk singers heard the song and subsequently added it to their repertoire as they toured around northern Europe, spreading the song as they went.

Eventually, one of the families even performed the song for the King of Prussia and other dignitaries in 1834, and in 1839, Stille Nacht, Heilige Nacht made its way across the sea for its debut in New York in front of Trinity Church at Christmas time. [2] Because of the widespread enjoyment of the song, it was soon translated into several different languages. The tune became so widely known that listeners knew what the song was, no matter what language the lyrics were in.

That’s why, in December of 1914, this song helped create a bridge between the two clashing sides during World War 1, allowing the soldiers to create a moment of peace, and a silent night, even during war. Though an official truce was never called that winter, soldiers on both sides initiated a cease in hostilities across the Western Front on Christmas, and in some places even the days leading up to the 25th.[3] German and English soldiers sang Christmas carols in their respective languages from trench to trench, and eventually stepped out onto the devastated battlefield and met in no-man’s land to exchange gifts of buttons, hats, or cigarettes and celebrate Christmas in peace.[4] The large volume of accounts of the Christmas Truce, as it became known, made it hard to verify events. But when we stop to think about it, that also means a vast number of soldiers were able to experience it which created the flood of reports back home. It also provides, even to this day, a sign of hope that even in the midst of hostility and fighting, it is possible that enemies can lay down their weapons in the name of the season.

And in the midst of it all, Silent Night. Just like the Austrian village in 1816, the battlefield of 1914 was also calm and bright. A cease to fighting meant peace, quiet, and rest. Just what Mohr meant when he first wrote his poem.

Today, the song is sung in over 300 languages around the world and is considered one of the most popular musical pieces in history.[5] A wide variety of artists have tackled this song, from classic musicians such as The Three Tenors to current chart-toping artists like Michael Bublé. Also, we’re not sure we should even mention this one, but there is a version of the song by William Shatner (yes, you read that right) and Iggy Pop. Take our word for it, it’s…odd.

Over the past 200 years, this song has taken on a whole life of its own. John Mohr would be pleased to know that his work has endured through the years. If you really love Silent Night, you can even go visit Mohr in Salzburg at the Silent Night Memorial Chapel. Sculptor and pastor Joseph Mühlbacher set out to create a memorial located at the site of the first singing of the song, and though never confirmed, it is believed that the skull of Mohr was walled into the building as the ultimate tribute.[6]

Of the original six-stanza poem, there are three verses used in the most modern version of the song – the first, sixth, and second, in that order. Though the words have been updated to create a better flow in modern language, the melody remains untouched. Commonly sung on December 24th by candlelight, this tradition is one that has lasted since 1818, and we hope it continues for another 200 years.

Have an idea you’d like us to write about, or a story to share? Send us an email at cl************@*********th.com.

 

[1] https://www.wrti.org/arts-desk/2020-12-19/the-story-behind-the-beloved-christmas-carol-silent-night

[2] https://www.wrti.org/arts-desk/2020-12-19/the-story-behind-the-beloved-christmas-carol-silent-night

[3] https://time.com/3643889/christmas-truce-1914/

[4] https://time.com/3643889/christmas-truce-1914/

[5] https://www.cbc.ca/radio/q/blog/silent-night-turns-200-fascinating-facts-about-the-beloved-christmas-carol-1.4950242

[6] https://www.stillenacht.com/en/a-global-hit-is-born/myths-and-legends/

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A recent study shows that due to the pandemic our attitudes about saving and being wealthy have changed. Over the course of the next several weeks, we’re going to ask our readers some questions about what that means.

Poll | Week 5: In your opinion, what would it take for you to be financially comfortable?

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The Importance of Proper Beneficiaries

Learn how ensuring accuracy in your documentation can help avoid confusion in the future. 

Having your will and estate plan in order is an important step on the road to a full financial picture. As time goes on, circumstances may change, and these documents may need to change with them. Listen in on a conversation between Annex’s Danny Clayton and our Estate Planning Attorney, Jill Martin, JD as they discuss potential complications and how failing to ensure accuracy in your planning can lead to confusion once these documents are acted upon.

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One of my favorite aspects of the Axiom is “Ask Annex”. In this section, Annex Wealth Management can obtain a pulse on what topics and questions clients have on their minds, and in turn, directly answer these concerns. Sometimes theyre more practical lifestyle questions with several potential answers, since financial planning is not a one-size-fits-all type profession. Sometimes, theyre technical questions with complex answers. Check it out! Go ahead, submit your question.

– Guest Editor: Joseph Herron, CFP®, CRC®, CRPS™ | 401(k) Relationship Manager
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This week’s Ask Annex comes from Ross, who asks:

What is proactive management and who usually benefits from it?

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We asked Annex Wealth Management’s Randy Winkler, CFP®:

I like to think that defining Proactive Management starts by dissecting the word ‘Proactive’. You need a ‘Pro’ to do it, and it’s very ‘Active.’ It’s managing investments by taking an active, not passive (set it and forget it …) approach and reacting to changing conditions (inflation, fed moves, earnings, etc.). The pro’s managing the portfolio will be making buys and sells based on their ‘read’ of the market. Where are opportunities? Where are threats? 

Who can benefit from proactive management? Everyone! Having a pro watching your portfolio and anticipating, instead of reacting, to all the news and noise out there is very important. Our Investment Team at Annex is researching, evaluating, and discussing various investments all day every day! 

 Randy Winkler, CFP® | Wealth Manager

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KNOW THE DIFFERENCE MINUTE:

Do You Have A Solid Wealth Transfer Plan?

KNOW THE DIFFERENCE MINUTE:

Dollar General Targets New Customers With Popshelf Stores

ANNEX RADIO

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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.

Check back soon for new events!Missed one of our events? Watch it HERE.

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