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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 call the plan ‘Bank on Yourself’. Can you tell me, is this a realistic way to put some of my money ...

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?” – James“I don't have access to an HSA. Is there an alternative?” – Chet

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?