Axiom Vol 58

8/6/17

ICYMI (In Case You Missed It): 
Leakage – Stop Raiding Your 401(k) Plan

  “I always tell our clients that a 401(k) is an account with a singular, specific purpose: funding your retirement.” – Tom Parks AIF®, CRPS® Director of Retirement Plan Services, Annex Wealth Management

Economists at Boston College’s Center for Retirement Research estimate that 401(k) loans and other early withdrawal activity threatens to reduce retirement account values by up to 25% when compounded over 30 years. READ MORE

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: Understand what you need to know before you make your August payment from a 529.

If you’re paying for your own or your child’s college education, you know that mid August is a key time for making a tuition payment.

Over the past few months, you’ve heard us discuss Wisconsins Edvest program. If you’re using in EdVest or a different 529 plan, now’s the time to understand what you should know or consider how to make a payment from your 529 plan…

 

AXIOM + GRAPHIC = AXIOMAPHIC OF THE WEEK

Young Americans Turn Their Backs On Traditional TV

With the emergence of streaming services such as Netflix, Hulu and Amazon Prime Video, traditional TV is finding itself under increased pressure to retain its place as the go-to medium for entertainment, distraction and information. While people still spend more time watching TV then they do using any other medium, there are signs that indicate its future may not look quite as bright.

As figures from Nielsen’s quarterly Total Audience Report indicate, young Americans are watching less and less TV. Since Q1 2011, the time Americans aged 18-24 spend watching TV dropped by more than 40 percent. In the first quarter of 2017, young Americans spent an average of 14 hours and 31 minutes a week watching traditional TV, down from 26 and a half hours in 2011.

Source: https://www.statista.com/chart/3613/tv-usage-by-american-teens/

BEST OF OUR RADIO PROGRAMS

Every week, Annex Wealth Management hosts two radio programs that inform and educate listeners. Here are some highlights from those programs.

Know The Difference™ Minute: 
Strange Recovery 

The American economy is in the ninth year of an economic expansion – unique in both its duration and pace. Annex Wealth Management’s Dave Spano details the expansion.

Market Correction Vs. Bear Market

A caller asks if Annex Wealth Management sees a correction upcoming. Annex Wealth Management’s Mark Beck discusses the conditions for a correction and the conditions for a bear market, and how Annex Wealth Management constructs portfolios and strategizes to prepare for potential corrections.

What Asset Allocation Should I Have As I Retire?

A caller asks if there is a “rule of thumb” about asset allocation on savings for those entering retirement. Annex Wealth Management’s Tom Parks and Mark Beck address his concern, especially how the time we are in retirement has changed radically.

Review & Update Your Beneficiary Designations

We see a “mish mash” occur with estate planning and beneficiary designation. The negative effects of not having coordination and organization here are pretty severe. The best gift you can give your family is a clean and easily-executed estate.

There’s a significant difference between

financial advisors. Know The Difference™

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Securities offered through H. Beck Inc. Member FINRA & SIPC.
Annex Wealth Management & H. Beck, Inc. are unrelated companies.

Our mailing address is:
12700 W Bluemound Rd Ste 200
Elm Grove, WI 53122