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The Annex Wealth Management Blog

Moneydo

MoneyDo: Buy Low, Sell High, Diversify

MoneyDo: Buy Low, Sell High, Diversify Diversification is a key part of a well-crafted portfolio. When an investor diversifies, he or she spreads investments across different sectors and investment vehicles.Many studies and mathematical models show that maintaining a...

MoneyDo: Estate & Trust Administration

MoneyDo: Estate & Trust Administration Few people have extensive experience settling the final affairs for a loved one, as you may only find yourself in that situation once or twice in a lifetime. Perhaps with a parent or a spouse, which means we are often...

MoneyDo: When To Review Your Estate Plan

MoneyDo: When To Review Your Estate Plan   While August is “Make a Will” Month, it’s also a good time to make sure you review any existing estate planning documents that you have.  Estate planning, like financial planning, is an ongoing and evolving process that...

MoneyDo: Consider Paying Off Your Mortgage Early

MoneyDo: Consider Paying Off Your Mortgage Early   Should you pay off your mortgage early? It’s a question being asked more often today, because tax reform law enacted in late 2017 increased the standard deduction, making it harder to claim mortgage interest as...

MoneyDo: Consider A Roth Conversion

MoneyDo: Consider A Roth Conversion   Many folks nearing retirement have amassed a significant nest egg in a retirement account. Traditional retirement accounts have special tax circumstances: funds are contributed to these accounts before the associated income...

MoneyDo: The End Of “Stretch” IRAs

MoneyDo: The End Of "Stretch" IRAs Over the last 6 months there has been a significant amount of legislation that has impacted IRAs, including the permanent law changes of the SECURE Act and the temporarily relief under the CARES Act. It’s important to understand how...

MoneyDo: Evaluate Your Employee Stock Holdings: How Much & Where

MoneyDo: Evaluate Your Employee Stock Holdings: How Much & Where Many employers give their employees the option of purchasing stock in the company, as a benefit to employees. In this week’s MoneyDo, we’ll encourage you to consider investing in your employer’s...

MoneyDo: Understand Your Charitable Planning Options

MoneyDo: Understand Your Charitable Planning Options It has been over to 100 years since a pandemic has impacted our society in the manner of COVID-19. It has impacted many of us financially and those without financial struggle are wondering how we can help. Churches,...

MoneyDo: Review Your Retirement Plan Contributions & Investments

MoneyDo: Review Your Retirement Plan Contributions & Investments   Most of us have never been involved in a health crisis so severe that it created a massive economic disruption. But many of us have experienced a devastating economic disruption. Whether it is...

DYADT: Independent Custodians

Independent Custodians   Annex Wealth Management uses three independent custodians: Charles Schwab, TD Ameritrade, and Fidelity to hold client money, instead of holding it ourselves. The custodian serves as a gatekeeper and watchdog for client accounts. As the...

MoneyDo: Maximize Tax Benefits Of Your Charitable Donations

MoneyDo: Maximize Tax Benefits Of Your Charitable Donations   We can debate whether or not we should be playing Christmas music this time of year, but most of us agree: ‘tis the season for donations to our favorite charities. This week’s MoneyDo is “Consider how...

MoneyDo: Ask Key Questions Before Paying Off Your Mortgage Early

MoneyDo: Ask Key Questions Before Paying Off Your Mortgage Early No matter if you’re nearing retirement and looking to remove a monthly expense, or simply seeking peace of mind by eliminating debt, you may be considering paying off your mortgage.Before you write out...

MoneyDo: Understand Your Tax Withholding

MoneyDo: Understand Your Tax Withholding. Now more than ever, it seems we have way too many things begging for our attention. There’s that little red circle on your phone. TV Stations have crawls of information for you to read while announcers read even more...

MoneyDo: Organize Your Estate & Financial Details

MoneyDo: Organize Your Estate & Financial Details   During this time of year spring cleaning is a chance to re-fresh, re-organize and declutter. Whether it's your closet, garage or that back flower bed there's always something to do. This week’s MoneyDo is to...

MoneyDo: Consider Investing in Employer Stock

MoneyDo: Consider Investing in Employer Stock Many employers give their employees the option of purchasing stock in the company, as a benefit to employees. In this week’s MoneyDo, we’ll encourage you to consider investing in your employer’s stock, if it’s an available...

MoneyDo: Consider Saving For College Using A 529 Plan

MoneyDo: Consider Saving For College Using A 529 Plan It’s August already – that time of the year when a good number of us get back to writing checks for college or even private school tuition.If you’re considering how you can be better prepared to make tuition...

MoneyDo: Start A Conversation About The Family Vacation Home

MoneyDo: Start A Conversation About The Family Vacation HomeEstate planning can be difficult to undertake for a variety of reasons, including the process of considering who will inherit your wealth upon your passing. Financial accounts and assets feel – and often are...

MoneyDo: Get Familiar With Your Credit Report

MoneyDo: Get Familiar With Your Credit ReportWe’ve always recommended that folks review their credit report annually to understand what’s on it and how it affects your score.Now more than ever, it’s critical to know where you can get a copy of your credit report and...

MoneyDo: Review Your Estate Plan

MoneyDo: Review Your Estate Plan Estate planning, like financial planning, is an ongoing and evolving process that requires regular check-ins and reviews to ensure everything is in order. In a few prior MoneyDos, we’ve discussed the importance of account titling and...

MoneyDo: Career Planning With Your Child

MoneyDo: Career Planning With Your Child As your child enters high school, it’s time to begin considering their entrance into workforce. Start by spending time with your child, discussing his or her strengths, weaknesses, and where their passions lie. In this week’s...

MoneyDo: Review Your 401(k) Contribution

MoneyDo: Review Your 401(k) Contribution Do you know how much you’re contributing to your 401(k) account? Many Americans aren’t sure. In fact, about 2/3 of Americans aren’t even invested in their company’s 401(k) or retirement plan. If you aren’t invested, you should...

MoneyDo: Consider What To Do If You Inherit An IRA

MoneyDo: Consider What To Do If You Inherit An IRA We’ve discussed the importance of beneficiary designations previously in MoneyDo. This week’s MoneyDo focuses on IRA beneficiaries: Consider what you should do if you inherit an IRA.Simply put, you have to do two...

MoneyDo: Understand Your Pension and Lump Sum Payment Options

MoneyDo: Understand Your Pension and Lump Sum Payment OptionsAlthough pensions are becoming less common across the country, workers with many years of work history may have a pension as part of their benefits.  Some companies who have pensions see the massive...

MoneyDo: Know What You Own When It Comes To Alternative Investments

MoneyDo: Know What You Own When It Comes To Alternative Investments Over the past few weeks, we’ve been encouraging you to know what you own – beyond the name of the investment, to what type of investment, what’s in it, and how it affects your portfolio, and...

MoneyDo: Protect Yourself/Family from Financial Elder Fraud

MoneyDo: Protect Yourself/Family From Financial Elder Fraud   Most of us have taken steps to protect ourselves from the menace of identity theft, from freezing our credit to even adding protections to our computers and email. While Identity Theft is trouble,...

MoneyDo: Know what you own: Fixed Income

MoneyDo: Know what you own: Fixed Income   This week’s MoneyDo again encourages you to know what own – this time by taking a close look at your fixed income holdings. Fixed Income refers to investments that deliver a stable flow of money, often independent of...

MoneyDo: Know What You Own – International Equities

MoneyDo: Know What You Own – International Equities   This week’s MoneyDo continues our advice to “Know What You Own,” specifically when it comes to International Equities. As we mentioned in an earlier MoneyDo, while it sounds rudimentary, we find that many...

MoneyDo: Discover What Probate Is & When It’s Needed

Money Do – Discover What Probate Is And When It’s Needed  Probate may be one of the most misunderstood parts of the estate settlement process. Unfortunately, the term “probate” has garnered some negative connotations through headlines and heavily-publicized cases that...

MoneyDo: Know What You Own – US Equities

MoneyDo: Know What You Own - US Equities This week’s MoneyDo is to Know What You Own when it comes to US Equities. It sounds rudimentary, but we find that many folks neglect to track what’s in their portfolio, or haven’t looked in months or years.In the United States,...

MoneyDo: Consider These 11 Reasons To Start Estate Planning | Part 2

Consider These 11 Reasons To Start Estate PlanningPart 2When we’re younger, we tend to focus first on taking care of ourselves, whether it’s personally, professionally or financially. Life changes, and so do our priorities. Sometimes, it’s when we have children; at...

MoneyDo: Consider These 11 Reasons To Start Estate Planning | Part 1

Consider These 11 Reasons To Start Estate PlanningPart 1 When we’re younger, we tend to focus first on taking care of ourselves, whether it’s personally, professionally or financially. Life changes, and so do our priorities. Sometimes, it’s when we have children; at...

MoneyDo: Reviewing Account Titles and Beneficiary Designations

Review Account Titles & Beneficiary Designations   Account titling is an important part of getting your assets organized and aligned with your estate planning goals.  Account titling refers to who is listed as an owner of an asset, and the type of ownership....

MoneyDo: Consider Who Can & Will Act As Your Power of Attorney

Consider Who Can & Will Act As Your Power of Attorney   As we age, it becomes increasingly important to have financial powers of attorney in place to ensure someone can manage our finances once we’re unable to do so. Who you select in that role is a critical...

Money Do: Beware Conflicting Opinions On Your Asset Allocations

Beware Conflicting Opinions On Your Asset Allocations   Search “how to allocate your portfolio” on your favorite search engine, and you’ll be treated to more than 17 million results. If you looked at each one of those search results for a second, it would take...

MoneyDo: Make Sure You Have Core Estate Planning Documents

Make Sure You Have Core Estate Planning Documents   Nearly every comprehensive financial plan includes estate planning. When you estate plan, you specify your wishes, both in the event you are unable to manage your own affairs, and at the time of your death....

MoneyDo: Get Ready For Taxes

It’s a New Year, which means you’ll start receiving tax documents from your employers, investments, and contractors. That’s why this week’s MoneyDo is Get Yourself Organized & Prepared To File Your 2018 Tax Return. One easy way to keep yourself from being...

MoneyDo: Avoid These Estate Planning Mistakes

Innocent blunders can have a big impact on your best estate planning intentions. This week’s Money Do is actually a list of Money Don’ts:  a list of things to avoid as you seek to get your planning on track.   Not having an estate plan. Consider this: death and...

MoneyDo: Evaluate Gains & Losses

This week’s MoneyDo encourages you to take part in a key component of wealth management – evaluating gains and losses. Don’t let the crush of have-to’s and shopping lists crowd out this critical “MoneyDo.” For many newer investors, it takes some time to understand why...

MoneyDo: Maximize The Tax Benefits Of Your Charitable Donations

Tis the season for good tides, merriment, and for some of us…donations to our favorite charities.  This week’s MoneyDo is Maximize The Tax Benefits Of Your Charitable Donations. As a taxpayer, you currently get to use the larger of either: The standard deduction –...

MoneyDo: Be Grateful.

Each week in MoneyDo, we focus on something you can do to try and help improve your financial picture or wealth state of being.This week, we want to focus on being grateful. It doesn’t matter how you view the universe and our existence – research shows that being...

MoneyDo: Diversify Your Investment Portfolio – Properly

Diversification is a key part of a well-crafted portfolio. When an investor diversifies, he or she spreads investments across different sectors and investment vehicles. Many studies and mathematical models show that maintaining a well-diversified portfolio can be one...

MoneyDo: Seek To Maximize The Tax Benefits Of Your Charitable Donations

‘Tis the season for good tides, merriment and for some of us…………..donations to our favorite charities! That’s why this week’s MoneyDo is “Seek to maximize the tax benefits of your charitable donations.” Here are a few insights to get you started:   1. Compare and...

MoneyDo: Begin Planning For Long-Term Care

Studies show we’re living longer and taking better care of ourselves – which could increase chances we’ll require long-term care. Long-term care needs are different from healthcare needs. Where healthcare needs focus on illness, wellness, and healing, long-term care...

MoneyDo: Get Familiar With Your Credit Report

A year ago, this week’s MoneyDo began with these words: “Now more than ever, it’s critical that you know where you can get a copy of your credit report and what’s on it.” At the time, we were discussing the Equifax data breach, which affected the data of approximately...

MoneyDo: Review Or Set Up A Financial & Healthcare Power Of Attorney

Purpose: A power of attorney legally assigns authority to someone to act on your behalf in matters that you specify within the document. Why you should set it up: If you don’t have a power of attorney in place, your loved ones may have to go to court to have someone...

MoneyDo: Review and Update Your Income Tax Withholding

It seems like now more than ever, there are way too many things begging for your attention. You see that little red circle on your phone, and you have to check your incoming messages. TV Stations have crawls of information for you to read while announcers read...

MoneyDo: Review & Update Your Beneficiary Designations

One term you might hear at Annex Wealth Management is “mish mash.” That’s what we call the situation when a potential client comes to us with a lifetime of ideas, investments or plans they hoped to cobble together to be a financial plan. What people who have a “mish...

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