1. Fed Both The Arsonist & The Firefighter 2. Poll Recap: Should The U.S. Keep DST? 3. THIS WEEK: Client Exclusive Webinar 4. March Madness Hasn’t Always Consisted of 64 Teams 5. Ask Annex 6. “If you’re not making mistakes…” 7. Remarriage & Estate Planning
1 | Week In Review
Annex Wealth Management’s Dave Spano and Derek Felske discuss banking industry turmoil, interest rates, and the increased probability of a mild recession.
2 | Poll Recap
Last week was the beginning of Daylight Saving Time (DST), which signifies the arrival of spring and sunshine past 5 p.m.
After providing a list of pros and cons, we asked our readers whether the U.S. should continue implementing DST. While we thought it would be an overwhelming majority would say the U.S. should ditch the practice, the results were much closer.
48% of polltakers would prefer it if we no longer observed changing our clocks twice per year, and 41% want to continue with the DST observance. 11% were indifferent.
Just over one year ago, on March 15, 2022, the U.S. Senate passed the “Sunshine Protection Act of 2021,” which would do away with having to change the clocks and install a permanent observance of Daylight Saving Time. Since the House and President did not approve the 2022 draft of the bill, it was reintroduced to the Senate at the beginning of March 2023.
While we wait and see what unfolds with the DST legislation, enjoy the longer days and increased amount of sunshine!
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3 | Client Exclusive
Client Exclusive Webinar – This Week!
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.
Don’t forget to check out the Client Center on the Annex website to see what other client-exclusive events are coming up!
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March Madness Hasn’t Always Consisted Of 64 Teams
When the NCAA Division I basketball tournament debuted back in 1939, only eight teams participated. The field doubled to 16 in 1951, and kept growing until 1985, where the 64-team format we’re familiar with today was established. In 2011, the First Four was added prior to the start of the first round of the official tournament.
Want to know more March Madness facts and stats? Click here!
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5 | Ask Annex
Annex Wealth Management’s Sarah Kyle and Trevor Nargis answer several Ask Annex questions:
“Should I sign up for Medicare to avoid any penalty even though I do not want or need it now?”
“What does ‘risk’ mean in investing?”
“What are the most common types of bridge insurance?”
“How rare is it to hold on to stock for years or even decades?”
Do you have a question for Annex Wealth Management? Drop it here: annexwealth.com/ask
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6 | Quote of the Week
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