Axial Updates

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...

Market Update—Week of October 7, 2024Presented by Axial Financial Group A blowout jobs report helped propel the S&P 500 to its fourth consecutive week of gains. Quick Hits Report releases: Positive employment data led to a reassessment of a slowing economy....

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...

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...