7/16/17
KNOW THE DIFFERENCE: This caller thought he bought a mutual fund…we help him discover what he actually owns.
Part 1: A caller asks about mutual funds
A caller named Russ called in to our “MoneyTalk” show recently and wondered why mutual fund performance wasn’t strong. As the team answered his concerns, they discovered something…
Part 2: The importance of a truly independent advisor
Dave and Mark help Russ understand what he actually owns, and the options and consequences of owning that product.
Every week, Annex Wealth Management will give you one thing you should do that may improve your financial well-being. We call it the “MoneyDo List.”
This weeks’ “MoneyDo” is: Review your 401(k) contribution.
• If you have a 401(k) account, take a look at what percentage or amount you are contributing to your savings **And if you don’t have a 401(k) account and your employer offers a program, get started today. 2/3 of Americans are not invested in their company’s 401(k) or retirement plan.
• Most employers will match your contribution up to a specific percentage. Most experts suggest you take your employer up on their offer – contribute AT LEAST as much as they will.
• Most folks contribute around 7 percent to their 401(k). Most experts would recommend deferring closer to 10-12 percent starting in your 20’s, and if you haven’t been, to be saving at a higher rate.
AXIOM + GRAPHIC = AXIOMAPHIC OF THE WEEK
Electric Vehicles Expected To Take Over Roads By 2040
Experts believe a rapid rise in the number of electric cars due to a rapidly-declining cost of building cars, along with decisions by companies like Volvo to have an electric motor in each car by 2019.
Top automakers have a plan to sell 6 million electric vehicles by 2025 and 8 million by 2030, says Bloomberg New Energy Finance.
Source: https://www.bloomberg.com/news/articles/2017-07-14/big-oil-just-woke-up-to-the-threat-of-rising-electric-car-demand
Annex Wealth Management Only Firm In Financial Advisor Top 50
Every year, Financial Advisor, a publication that reaches over 100,000 qualified readers each month, releases its list of over 600 fastest growing RIA (Registered Investment Advisor) firms in the United States. This year, (read more)
BEST OF OUR RADIO PROGRAMS
Know The Difference™ Minute:
We Haven’t Seen Markets Like This Since LBJ
Know The Difference™ Minute:
Why Are More Americans Working Past Age 60?
Annex Wealth Management’s Dave Spano identifies a new trend in the workforce – more Americans working later in life. What’s motivating that trend? Dave takes a look
Fiduciary and Suitability Standard of Care
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