Axial Updates

By Jenni Sisson, Published October 15, 2024 Key Takeaways Medicare open enrollment starts today, Oct. 15, and ends Dec. 7, 2024. Out-of-pocket drug expenses for 2025 are now capped at $2,000, eliminating the infamous “donut hole” gap in drug coverage. The average...

Published Thu, Oct 10 2024 8:39 AM EDT Lorie Konish Key Points More than 72.5 million beneficiaries will see a 2.5% increase to their Social Security and Supplemental Security Income benefits in 2025, the Social Security Administration announced on Thursday.   Social...

Posted by Brad McMillan, CFA®, CFP® This entry was posted on Oct 2, 2024 4:40:52 PM   September was a solid month for investors, as falling interest rates supported healthy market returns. The S&P 500 and Dow set new all-time highs, while the Nasdaq got...

Digesting the Fed: Rates Start to Fall Before the Leaves Posted by Joe Dunn This entry was posted on Sep 19, 2024   The Federal Open Market Committee (FOMC) met this week and voted to cut rates by a half-percent, bringing its policy range to 4.75 percent to 5...

Market Update—Week of September 9, 2024Presented by Axial Financial Group The August employment report was a major catalyst for the worst weekly performance by the S&P 500 in more than a year. Concerns over slowing growth contributed to cyclicals falling (led by...

      5 Finance Topics Newlyweds Need to Discuss Post-Wedding Finances aren't always the most fun to talk about—but they are necessary, especially for newlyweds. Find out what newlywed finance talks to focus on and how to make the money talk feel...

Market Thoughts for September 2024 [Video] Posted by Brad McMillan, CFA®, CFP® This entry was posted on Sep 4, 2024 8:21:29 AM   August saw a shaky start with an initial sell-off, but it ended on a positive note as markets rallied. Fed Chair Jerome Powell...

Market Update—Week of September 3, 2024Presented by Axial Financial Group Nvidia earnings and July’s personal consumption expenditures (PCE) data were highlights last week. Nvidia beat earnings expectations but shares fell more than 7 percent. PCE was largely in line...

  National Public Data Breach—No Direct Impact on Your Accounts If you’ve been following the news, you’ve likely seen headlines about a security incident at National Public Data (NPD) involving nonpublic personal information (NPI)—including social security...

  Market Volatility: Is the Dust Settling or Blowing in the Wind? Photo Source: Getty Images Posted by Chris Fasciano This entry was posted on Aug 16, 2024 10:00:00 AM   “Do you believe in miracles? Yes!” —Al Michaels (play-by-play sportscaster) In the...

Monday, August 12th, marked our 19th week in 2024 volunteering at the Burlington Food Pantry!  Erin and Mikey helped out this month restocking shelves and assembling individual bags of produce for the families that pick up items during the week. Most of the produce...

Market Update—Week of August 12, 2024Presented by Axial Financial Group Equities recovered after a two-day sell-off amid a Japanese carry trade scare. Bonds gave back much of their gains, as investors returned to risk assets later in the week.   Quick Hits Report...

  Looking Back at the Markets in July and Ahead to August 2024 Posted by Sam Millette Presented by Axial Financial Group This entry was posted on Aug 6, 2024 11:50:11 AM   July was a mixed month for markets, as investors rotated away from larger technology...

  The Latest Market Dip: Is This Normal? Presented by Axial Financial Group   It’s been a roller-coaster ride in the financial markets, with today (August 5) marking another significant drop worldwide. Japan has been hit particularly hard, but the decline is...

Market Update—Week of August 5, 2024 Presented by Axial Financial Group Technology and small-caps moved sharply lower on softening earnings outlook and U.S. economic data. Bonds rallied sharply as investors flocked to safe haven assets amid potentially slowing U.S....

Market Update—Week of July 29, 2024Presented by Axial Financial Group Small-cap and value stocks outperformed amid weak Tesla and Alphabet earnings. Short- to intermediate-term Treasuries were bid up, as investors look to lock in higher yields ahead of a cut in...

      LENA BORRELLI Updated July 3, 2024 at 3:12 PM Key takeaways Joint filers who took out a home equity loan after Dec. 15, 2017, can deduct interest on up to $750,000 worth of qualified loans ($375,000 if single or married filing separately).  ...

  529 Plans: Qualified and Nonqualified Expenses Presented by Axial Financial Group You’ve put in the hard work of saving for college, and now it’s time to start using those 529 plan assets to help with a family member’s education-related costs. But before you...

Market Update—Week of July 22, 2024Presented by Axial Financial Group   Small-cap stocks continued their rally but technology stocks struggled because of the global technology outage. Yields rose across the curve as investors questioned the impact of candidate...

  Be sure you understand the tax consequences before making the change By CATHY PARETO Updated February 09, 2024 Reviewed by DAVID KINDNESS Fact checked by JIWON MA If you are considering leaving a job and have a 401(k) plan, then you need to stay on top of the...

Market Update—Week of July 15, 2024Presented by Axial Financial Group Small-cap stocks posted a major rally as potential interest rate cuts offered relief amid recent struggles. Short-term Treasuries rallied on the lower Consumer Price Index (CPI) report as investors...

Market Update—Week of July 8, 2024Presented by Axial Financial Group Tesla was the story of last week; it rose more than 27 percent after second-quarter delivery estimates were better than expected. Treasuries rallied slightly after minutes from the most recent...

      Written by a TurboTax Expert, Reviewed by a TurboTax CPA Presented by Axial Financial Group Updated for Tax Year 2023, April 5, 2024 Where you call home isn’t just about proximity to work or the quality of local schools—it can also be about the...

Market Update—Week of May 28, 2024Presented by Axial Financial Group Technology and communication services were the only equity sectors that were positive last week. U.S. Treasuries sold off amid concerns of persistent inflation. Quick Hits Report releases: Existing...

Posted by Peter Roberto, May 23, 2024 Presented by Axial Financial Group With nearly half the world’s population set to face national elections this year, including here in the U.S., it’s a time of questioning for many. People want to know who their next leader will...