Axial Financial House In Order

Building a Healthy Financial Foundation

When you read about money matters, you will sometimes see the phrase, “getting your financial house in order.” What exactly does that mean? When your financial “house is in order,” it means it is built on a solid foundation. It means that you have six fundamental “pillars” in place that are either crucial for sustaining your financial well-being or creating wealth. #1: A savings account. This is your Fort Knox: the place where you store and build the cash you may someday use for your biggest purchases. Savings accounts pay a modest interest rate. You should still consider having a savings account, even in today’s low-interest rate environment. Banks and credit unions often limit the number and amount of withdrawals you can make from savings accounts per month.
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Axial Family Advisors New Homeowner

Could Custodial IRAs Help
Young Adults Buy Homes?

Could Custodial IRAs Help Young Adults Buy Homes? Some parents and grandparents have that possibility in mind.   Individual Retirement Arrangements (IRAs) are for retirement saving, right? Absolutely. Is that their only purpose? Not necessarily. Imagine using an IRA not only to save, but to facilitate a home purchase. This would obviously be a tall order for an adult, given current home values, yearly IRA contribution limits, and the priority of amassing retirement savings. How about for a child, though? Could an IRA help them out?
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Mixed Signals on Inflation

Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs. Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is designed to help those most impacted by the COVID-19 pandemic, while also providing key
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Key Provisions
of the CARES Act


Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs. Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is designed to help those most impacted by the COVID-19 pandemic, while also providing key
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Money Philosophy 101

Tunde continues his talk with Jamarlin Martin from GHOGH Podcast. They discuss how QE or quantitative easing (money printing) is likely to look different in the next financial crisis in America and some tax benefits with side hustles....
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Bond Market, Yield Curve
and Global Economy

Tunde Ogunlana talks to Jamarlin with GHOGH Podcast. We discuss what an inverted yield curve usually means in the bond market and why Federal Reserve Chair Jerome Powell can't tell the public the truth when he sees big trouble on the horizon. We also discuss the global economy being trapped between massive debt and a starting place of low rates at the end of the economic cycle.
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Estate Planning Podcast

Tunde Ogunlana talks to Jamarlin Martin from GHOGH Podcast about Estate planning and Snoop Dogg’s comment that he doesn’t need a will. 
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Fear Must Not Inhibit
a Financial Strategy

Too often, it persuades investors to make questionable moves.  Fear affects investors in two distinct ways. Every so often, a bulletin, headline, or sustained economic or market trend will scare them and make them question their investing approach. If they overreact to it, they may sell low now and buy high later – or in the worst-case scenario, they derail their whole investing and retirement planning strategy.    Besides the fear of potential market shocks, there is also another fear worth noting – the fear of being too involved in the market. People with this worry are often superb savers, but reluctant investors. They amass large bank accounts, yet their aversion to investing in equities may hurt them in the long run. Impulsive investment decisions tend to carry
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Crowdfunding & Taxes

Information for those giving, receiving, and organizing.    Have you donated money to a crowdfunding campaign this year? You probably have. You may be wondering how the Internal Revenue Service treats these donations. Do the common tax rules apply?  The I.R.S. may or may not define such donations as charitable contributions. It depends not only on who the crowdfunding is for, but also who has organized the campaign. A donation to a qualified non-profit organization – a 501(c)(3) – is tax deductible if it is properly documented and itemized on Schedule A. Donations to crowdsourcing efforts administered by 501(c)(3)s are, likewise, tax deductible.1  If an individual sets up a crowdfunding campaign to raise money for another individual or a cause or project, it is highly unlikely that a 501(c)(3) organization is in place to accept the donations. (An organization can attain such status faster these days, thanks to the Internet, but
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Enjoy the Rally, But Prepare for the Retreat

Investors may be lulled into a false sense of security by this market. Will the current bull market run for another year? How about another two or three years? Some investors will confidently say “yes” to both questions. Optimism abounds on Wall Street: the major indices climb more than they retreat, and they have attained new peaks. On average, the S&P 500 has gained nearly 15% a year for the past eight years. Stocks will correct at some point. A bear market could even emerge. Is your investment portfolio ready for either kind of event?
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When Employees Steal

Know the signals that could hint at theft or embezzlement at your business. Weird things are happening at work. Power tools are missing. Something seems odd with your inventory. Bank reconciliations seem slightly amiss. Follow up on your suspicions. You may have a problem with employee theft. What are the signs that you might have a thief at work?
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Are There Blind Spots
in Your Insurance Plan?

Deficient coverage may cost you someday.   Many households and businesses are insufficiently insured. The problem is not necessarily the quality of coverage, but the breadth and depth of it. Your own business or household may be more vulnerable than you realize.    Too many people go without disability insurance. If you work in a physically demanding field, your employer may provide short-term disability coverage – but many companies do not. According to the Bureau of Labor Statistics, just 39% of workplaces offer employees short-term coverage, and only 33% offer long-term coverage.1 If you are disabled and cannot work, your income soon disappears. Short-term disability insurance, which may last anywhere from 10-26 weeks, commonly replaces around 60% of it. Not ideal, but better than 0%. About 8% of the time, however, a short-term disability lasts more
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