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"If my company contributes a match to my 401k and if I leave in a year or two, I know the matching is void. What happens to the gains from my investments? I'm weighing the pros and cons of opening one through my company or on my own." – James"What are the general opinions regarding taking a lump sum of money versus DCA into an index fund? Say for example, somebody receives a $5,000 bonus and wants to invest in an index fund. What are the pros/cons of buying $5,000 [of fund ...

In this week's Ask Annex, Wealth Managers Sarah Kyle and Randy Winkler, CFP®, field questions about converting insurance policies, paying down debt, and what type of accounts to consider opening for a newborn.

Annex Wealth Management’s Sarah Kyle and Randy Winkler, CFP® answer several Ask Annex questions:"Years ago, Randy mentioned an app or a website he used to help budget, what was that?" – Tim"My plan was to retire in 2023 at 66, is my timing terrible?" – Carol"Discovered my wife has about $4,000 in pre-tax contributions she made to a defined benefit pension plan at her old government employer. She didn't stay long enough to be vested in the pension, but we can ...

Annex Wealth Management’s Randy Winkler, CFP® answers several Ask Annex questions:"When I first started investing, the provider I used suggested rebalancing once a quarter. I know that's now invalid, but what is?" – Michael"I'm taking a new job and need to do something with my old 401k, but I'm paralyzed by this market. Can I just put it in a target date fund until things calm down?" – Matt"Is debt consolidation a good idea? How about the snowball?&...

Annex Wealth Management’s Randy Winkler, CFP® answers several Ask Annex questions:“Do break-even calculations for social security tend to work out?” – Ben“Does my paid-off house count when it comes to my financial plan?” – Kyle“What portion of my portfolio should be liquid and in what form?” – Ray“What do you see more of, people who regret retiring early or late?” – Joyce“Please explain the 4% rule.” - Anonymous

Annex Wealth Management’s Sarah Kyle and Randy Winkler, CFP® answer several Ask Annex questions:"I had met with one of your wealth managers about nine months ago for a financial review. I decided to wait to make any financial moves. I have since been contacted by a few life insurance companies to purchase whole life insurance as an investment vehicle. One feature is that you can borrow on the policy, which is a type called non-direct recognition so the cash value is not reduced. They cal...

Annex Wealth Management’s Sarah Kyle and Randy Winkler, CFP® answer several Ask Annex questions:"New to social security. Is there always a COLA, and what is it pegged to?" – Anonymous“Retiring next year at 64. House needs projects, roof, deck. How do I plan for those expenses in retirement? Not worried about retirement cash flow.” – Tim“What's your opinion of using a HELOC since rates are rising? Explain HELOC.” – Eddie“Can you explain the Wash Rule?” – Jame...

Annex Wealth Management’s Sarah Kyle and Randy Winkler, CFP® answer several Ask Annex questions:"Sarah, you mentioned you previously worked on a trading desk, Warren Buffett buys and holds. What is the percentage of investors who actually do that? When traders jump in and out of equities, doesn't that create the volatility we're experiencing?" - Tom

“What about the Multiply By 25 Rule? What’s that?”“401(k) or HSA?”“It was suggested I look at an in-service rollover of my 401(k) to an IRA. I’m 61 and plan on working until 65. Does that make any sense?”

Bitcoin through the roof - your thoughts?