Axial Updates

    The complex rules for Medicare and health savings accounts lead to many client questions. Here are answers to some of the most common ones. By Kelley C. Long, CPA/PFS February 1, 2025   Americans age 55 and over hold an estimated $52 billion in their...

Thanks to recent IRS guidance under SECURE 2.0, employers can now match student loan payments in their 401(k) and 403(b) plans, providing a powerful incentive for workers to save for retirement while paying down their debt. Publish Date: February 11, 2025 By: Kelsey...

Market Update—Week of February 18, 2025Presented by Axial Financial Group Consumer and producer prices rose more than expected, leading to questions about the potential reacceleration of inflation. In equity markets, technology (paced by Nvidia and Apple) and...

Retirement savers between the ages of 60 and 63 now have an additional option for catching up. Amy C. Arnott, CFA Jan 13, 2025 Since 2002, retirement savers who are age 50 or older have been able to contribute additional amounts to retirement plans, such as 401(k)s,...

Axial's Women Advisors took on Charleston for the Women's Summit Conference!  Axial's women advisors had the opportunity to attend the Women's Summit Conference this week in Charleston, South Carolina, hosted by Commonwealth Financial Network. Our advisors are...

Market Update—Week of January 27, 2025 Presented by Axial Financial Group   Economic data was mixed, with stronger-than-expected existing home sales and a softer-than-expected Purchasing Managers Index (PMI). International markets fared well, thanks to a softer...

Market Update—Week of January 13, 2025 Presented by Axial Financial Group   Minutes from the latest Federal Open Market Committee (FOMC) meeting and worsening consumer expectations hinted at potential inflation concerns to start the year. Stocks and bonds sold...

Market Thoughts for January 2025 [Video] Posted by Brad McMillan, CFA®, CFP® This entry was posted on Jan 3, 2025 10:00:15 AM The S&P 500 and Dow were both down in single digits in December, while the technology-heavy Nasdaq eked out a modest gain. Developed and...

Are Subscriptions Draining Your Bank Account? You open your bank statement and notice a string of small charges you barely remember signing up for—a streaming service you signed up for during the pandemic, the meditation app you downloaded during a stressful week, and...

As the end of the year approaches, it's time to start planning ahead. In between the busyness and usual "to-do's" of the holiday season, now is a good time to begin pulling out last year's tax return, along with your current pay stubs and account statements.  ...

Market Update—Week of December 9, 2024Presented by Axial Financial Group   Hiring rebounded swiftly in November after a weather-driven slowdown in October. The so-called Magnificent Seven (Apple, Alphabet, Amazon, Nvidia, Meta Platforms, Microsoft, and Tesla) led...

Market Update—Week of December 2, 2024Presented by Axial Financial Group   Consumer confidence improved more than expected. Equity markets continued to show signs of broadening beyond Nvidia and Tesla. We expect several important reports this week, highlighted by...

Market Update—Week of November 25, 2024Presented by Axial Financial Group   Housing data was mixed; home builder confidence and existing home sales fared better than expected but new home starts disappointed. A strong dollar increased market breadth beyond the...

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won’t owe any income taxes on contributions in the year you make them. That can give you extra cash now, enabling you to save more for retirement.

Market Update—Week of November 18, 2024Presented by Axial Financial Group (Intro: 50 words) Consumer and producer inflation picked up in October. A reversal of the election rally and sector rotation related to the new administration were two major themes for equities....

Market Update—Week of November 11, 2024Presented by Axial Financial Group Service sector confidence reached a two-year high in October. Small-caps led the way in a post-election, risk-on rally. It will be another busy week; we expect data on the economy, inflation,...

Market Update—Week of November 6, 2023Presented by Axial Financial Group Quick Hits Report releases: The Federal Open Market Committee (FOMC) kept the federal funds rate at 5.5 percent.2. Financial market data: Long-duration equities and stocks rallied heavily.3....

      IR-2024-285, Nov. 1, 2024 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical...

Market Update—Week of November 4, 2024Presented by Axial Financial Group   Hiring slowed notably in October, though the figure was affected by the Boeing strike and two hurricanes. Mega-caps showed mixed earnings, with some revealing signs of caution ahead. This...

Market Thoughts for November 2024 [Video] Posted by Brad McMillan, CFA®, CFP® This entry was posted on Nov 4, 2024 11:22:03 AM   Markets were down in October across the board, with stocks falling at month-end. Bonds also dropped as traders dialed back...

Posted by Chris Fasciano This entry was posted on Oct 24, 2024 3:05:54 PM   “The wind is rising, and the air is wild with leaves. We have had our summer evenings; now for October eves!”— Humbert Wolfe October is one of those months where you don’t need a calendar...

Market Update—Week of October 21, 2024Presented by Axial Financial Group The pace of new home construction slowed in September. Bonds were relatively unchanged. Quick Hits Report releases: Year-over-year consumer inflation fell to a three-year low in September....

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...

Market Update—Week of October 14, 2024Presented by Axial Financial Group Headline and core Consumer Price Index (CPI) data was slightly higher than expected in September. Quick Hits Report releases: Year-over-year consumer inflation fell to a three-year low in...

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...