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1 | Don’t Miss Out!
Annex Wealth Management’s “Navigating The Markets” is an interactive presentation focused on providing information and insight on today’s economy.
Join Annex Wealth Management as they walk you through where we are and where the Annex Investment Team believes we’re headed.
In addition to taking your questions, we will discuss:
• Headwinds for the economy and markets
• Whether the long-awaited recession will ever happen
• The historical significance of today’s economy
• What you can do to calibrate your portfolio
Join us in Mequon with Annex’s Brian Jacobsen & Dave Spano:
Date: Tuesday, September 26th, 2023
Time: 6:00 PM – 7:30 PM CT
Register Here
Join us in Madison with Annex’s Brian Jacobsen & Mark Pent:
Date: Tuesday, October 3, 2023
Time: 6:00 PM – 7:30 PM CT
Register Here
Join us in Elm Grove with Annex’s Brian Jacobsen & Dave Spano:
Date: Thursday, October 5th, 2023
Time: 6:00 PM – 7:30 PM CT
Register Here
Join us in Appleton with Annex’s Brian Jacobsen & Jeff Daye:
Date: Tuesday, October 10, 2023
Time: 4:00 PM – 6:00 PM CT
Register Here
2 | Week In Review
Annex strongly believes in frequent and meaningful communication.
Each Friday after market close, our experts record the “Week In Review”- exclusive insights to help you stay on top of the latest financial news.
The Fed signaled rates may stay higher longer into the future, but is the rate hike cycle slowing? Annex Wealth Management’s Dave Spano & Derek Felske discuss.
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3 | What’s Playing
Broadcasts from our radio shows and videos from our YouTube channel to educate on comprehensive wealth management planning, including investment, estate, tax & retirement planning.
CNBC: Brian Jacobsen, Annex Wealth Management’s Chief Economist, Joins CNBC’s ‘Power Lunch’
On Thursday, our very own Chief Economist, Brian Jacobsen, joined CNBC on their ‘Power Lunch’ segment to discuss the market, fed & the economy.
On Thursday, our very own Chief Economist, Brian Jacobsen, joined CNBC on their ‘Power Lunch’ segment to discuss the market, fed & the economy.
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4 | Know The Difference
Hot topics, fresh stories and useful formation; all in 60 seconds.
Crude Reality | Oil Prices Eclipsed $90 Per Barrel
Most consumers don’t care about oil prices. They care about gasoline prices. The nationwide average price is back to where it was in October of last year.
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5 | Ask Annex
Each week, members of the Annex Wealth Management team answer your questions about investing, money and the economy.
Quant Funds | Saving For Retirement | Holding Cash In Your Portfolio
Ask Us A Question!
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6 | Poll
We want to know what you think! Each week we’ll ask for your thoughts and opinions on various subjects to gain a look into the people around you and of other readers in the Annex community.
As the holidays start to quickly creep up and you start hearing more use of the phrase, “It’s better to give than receive”, consider if your financial goals include giving to causes near & dear to your heart and what time of the year you find yourself giving.
As the holidays are quickly creeping up chances are you’ll start hearing more use of the phrase, “It’s better to give than receive”, consider if your financial goals include giving to causes near and dear to your heart. If your financial plan includes charitable contributions, different tax implications may be enforced depending on what time of the year you find yourself giving.
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7 | Client Exclusive
Tips, strategies & information written exclusively for Annex clients.
Helping With College? A Gift For Them But Taxes For You?
As we wrap up September and our focus on planning to navigate the cost of education, contributing to your grandchild’s college savings plan can give you warm fuzzies or a headache come tax season. Be sure you are aware of any tax implications as you make decisions on planning to assist financially in their education.
As we wrap up September and our focus on planning to navigate the cost of education, contributing to your grandchild’s college savings plan can give you warm fuzzies or a headache come tax season.
Families who value education want to assist their grandchildren and give them a good start coming out of school with as little student debt as possible.
There are multiple ways to assist in financially supporting grandchildren and your gifting can help offset or pay for their education, and you want to be sure you’re not earning an F in legacy planning. Let’s define a few of the more common ways of financial support:
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- Paying The School Directly
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Deciding to pay tuition to the school outright is the easiest way. One detail that is critical is to make sure you are only supporting their cost of tuition only, NOT room and board. Tuition paid directly to the school isn’t considered a gift, so there are no tax implications.
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- Opening A 529 Savings Plan
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You can always open a 529 Savings Plan in the grandchild’s name. This will result in tax free earnings and withdrawals when the money is used on qualifying educational expenses. This is different from paying the school directly because you can use it for room and board, in addition to tuition and other approved educational expenses. There is an annual gift tax exclusion of $17,000 per recipient for 2023. Depending on where you live, you may get a state tax credit or deduction for your contributions.
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- Contributing To An Existing 529 Savings Plan
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If you do not want to establish and open a 529 Saving Plan, you can contribute to a 529 Savings Plan already opened by the parents. Your gift can grow substantially over time with tax-free earnings and withdrawals. One thing to be aware of is assets held in a student or parent owned 529 Plan will be counted as parental assets on the FAFSA and could reduce their financial aid eligibility. Good news is you’re still eligible to receive the state tax credit if you live in the same state as the plan was originally opened.
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- Straight Up Loan
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You can give an interest free loan up to $10,000. Loans given exceeding $10,000 are subject to IRS set minimum interest rate. One option is to convert the loan to a gift but keep in mind interest on the loan will be taxable to you but not deductible by your grandchild. But keep in mind, if you forgive the loan in your Will, your grandchild could end up owing income tax on the debt forgiveness, and there’s always the potential they may not pay you back.
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- Paying Off Student Loans
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You can also pay off the student loans as a gift when they graduate. Any amount you pay off over $17,000 would be subject to filing a gift tax return. 529 Plan funds of up to $10,000 can be used for paying back student loans.
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- Education Trust
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Provides a measure of control by specifying wishes in a trust agreement and the trustee is legally obliged to fulfill them. You can restrict your grandchild’s access to funds regardless of their age. One thing to be aware of is legal and accounting fees can be higher, and these gifts are irrevocable.
Grandchildren are great and you may want to assist with paying for their education, but different ways of contributing come with different tax implications depending on where you live, how much you make and the method used. Work with Annex to help shape your legacy, including assisting with educational expenses, to build your comprehensive financial plan.
Revitalize Your Financial Plan With Tax-Smart Strategies.
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| The Annex Wealth Management SWOT Podcast
Each week, members of the Annex Wealth Management Investment Team discuss the Strengths, Weaknesses, Opportunities, and Threats of the markets and economy. Go deep and listen to the team talk through what’s helping guide their decisions.
| TD Ameritrade & Schwab Transition
The TD Ameritrade & Schwab Transition is complete!
In Case You Missed Something
If you have accounts open through TD Ameritrade and would like to reference the communications you’ve received from Annex without having to dig through your email, you can visit the Client Center on our website where all correspondence is now housed.
You can get to this information via the home page of the Client Center, or by clicking here!
If you still find you have questions, please reach out to your Wealth Manager or Client Service Manager.
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|Download Graphonomics Today!
Three graphs that will help you make sense of the economy.
Get Your Graphonomics: Volume 4
The average person today has access to more data than ever before. Somehow, that seems to have resulted in less clarity instead of more understanding.
Annex Wealth Management is dedicated to assisting as you seek to make truly informed decisions. Annex Graphonomics will be a regular offering of 3 graphs that should help you get a firmer grasp on where we are and where we’re headed.
Get Your Graphonomics: Volume 4
| Quote of the Week
Axiom (noun): A statement most people believe is true. It can make you stop & pause to consider something new.
Practice is deliberate and requires focus and repetition. Even if you think you’re an expert in a subject matter or your field, practice helps you refresh & refine your skills and possibly acquire new ones along the way.
Rates Have Changed. Have You Refreshed Your Strategies?
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| Annex In Action
The Annex team regularly seeks out opportunities to support and participate in events throughout the community.
Last week Annex Wealth Management sponsored, Ride on the Wild Side at Milwaukee County Zoo. It’s the one time of year you can ride your bike inside the Milwaukee County Zoo! Options were to take part in the kids’ 2.5-mile ride or challenge yourself to the 10-, 17- or 27-mile route. All participants received a long-sleeved T-shirt, breakfast, lunch and a day at the zoo! Be sure to join us next year for this ride on the wild side!
| Events & Webinars
Annex Wealth Management provides free workshops, open to the public, on key wealth management topics.
Concordia University Wisconsin – 12800 N Lake Shore Dr, Mequon, WI 53097
Annex Wealth Management’s “Navigating The Markets” is an interactive presentation focused on providing information and insight on today’s economy.
Join Annex Wealth Management’s Brian Jacobsen and Dave Spano as they walk you through where we are and where the Annex Investment Team believes we’re headed.
In addition to taking your questions, Brian and Dave will discuss:
• Headwinds for the economy and markets
• Whether the long-awaited recession will ever happen
• The historical significance of today’s economy
• What you can do to calibrate your portfolio
Tuesday, September 26, 2023
6:00 PM – 7:30 PM CDT
Madison Marriott West – 1313 John Q Hammons Dr, Middleton, WI 53562
Annex Wealth Management’s “Navigating The Markets” is an interactive presentation focused on providing information and insight on today’s economy.
Join Annex Wealth Management’s Brian Jacobsen and Mark Pent as they walk you through where we are and where the Annex Investment Team believes we’re headed.
In addition to taking your questions, Brian and Mark will discuss:
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-
- Headwinds for the economy and markets
- Whether the long-awaited recession will ever happen
- The historical significance of today’s economy
- What you can do to calibrate your portfolio
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Tuesday, October 3, 2023
6:00 PM – 7:30 PM CDT
Sharon Lynne Wilson Center for the Arts – 3270 Mitchell Park Dr, Brookfield, WI 53045
Annex Wealth Management’s “Navigating The Markets” is an interactive presentation focused on providing information and insight on today’s economy.
Join Annex Wealth Management’s Brian Jacobsen and Dave Spano as they walk you through where we are and where the Annex Investment Team believes we’re headed.
In addition to taking your questions, Brian and Dave will discuss:
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-
- Headwinds for the economy and markets
- Whether the long-awaited recession will ever happen
- The historical significance of today’s economy
- What you can do to calibrate your portfolio
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Thursday, October 5, 2023
6:00 PM – 7:30 PM CDT
Fox Cities Performing Arts Center – 400 W College Ave, Appleton, WI 54911
Annex Wealth Management’s “Navigating The Markets” is an interactive presentation focused on providing information and insight on today’s economy.
Join Annex Wealth Management’s Brian Jacobsen and Jeff Daye as they walk you through where we are and where the Annex Investment Team believes we’re headed.
In addition to taking your questions, Brian and Jeff will discuss:
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-
- Headwinds for the economy and markets
- Whether the long-awaited recession will ever happen
- The historical significance of today’s economy
- What you can do to calibrate your portfolio
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Tuesday, October 10, 2023
5:00 PM – 6:30 PM CDT
WHY WE WALK
Thank you for helping us reach our fundraising goal! Together we can make a difference in the lives of those affected by ALS. Our team is committed to raising money to support people in our community with ALS and spread awareness of the urgency to find treatments and a cure. Please consider joining our team in the Walk to Defeat ALS® or choose a team member from the list and donate to our cause.
WHY WE NEED YOUR HELP
Every 90 minutes a person in this country is diagnosed with ALS and every 90 minutes another person will lose their battle against this disease. ALS occurs throughout the world with no racial, ethnic, or socioeconomic boundaries.
That’s why we’re participating in the Walk to Defeat ALS. To bring hope. To raise awareness. To provide resources and services to families free of charge. To help unlock the mystery of ALS and find the key to treatments a cure. Will you join us?
ABOUT ALS
Amyotrophic lateral sclerosis (ALS) is a progressive, fatal neuromuscular disease that slowly robs the body of its ability to walk, speak, swallow and breathe. The life expectancy of a person with ALS averages 2 to 5 years from the time of diagnosis.
ALS can strike anyone. Presently there is no known cause of the disease, yet it still costs loved ones an average of $250,000 a year to provide the care people living with ALS and their families need. Join the movement to provide help and hope today!
The Corners of Brookfield | 20111 W Bluemound Rd, Brookfield, WI 53045
Join us for the 3rd Annual Boos & Ghouls Night Out! This was a sold-out event last year so do not delay! Enjoy wine tastings and food pairings as you stroll the Corners of Brookfield, listen to the beautiful music provided by musicians from Elmbrook Schools, shop at various retailers who will give back to the Elmbrook Education Foundation & the Elmbrook Schools! Costumes are optional but encouraged!
Tuesday, October 12, 2023
6:00 PM – 8:30 PM CDT
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