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TheLiveBigWay® Digest – Authentic Conversations

TheLiveBigWay® Digeston April 9th, 2015No Comments
Outdoor Mother Daughter Chat

Expert Spotlight: Dr. Jim McCabe on Authentic Conversations

Eldercare expert, Dr. Jim McCabe, recently took some time to reflect on many of the families he has worked with over the years and the challenges they have faced together. One of those challenges, is the ability of adult children to have productive and satisfying conversations with their parents about what they need as they age. This is typically the case for several reasons even in the healthiest family systems, Jim says. In this post, Jim shares his expertise on this topic and identifies the critical steps that need to be addressed to have truly authentic conversations.

Portfolio Update:Toward a Better Bond Balance

As you  may recall, at the end of 2013 we decided to reel in the average maturity of the bonds in our portfolios because we were concerned about the prospect of rising interest rates (Investment Update: Going Short (Really Short!)). A little over a year later, the outlook for rising rates is pretty modest. As a result of several triggers, we were inclined to go back to the drawing board to analyze the upside yield potential of slightly extended maturities against the downside price risk of rising rates. Read on to learn more about the triggers that inspired us to re-evaluate the bond balance and the decision we concluded from the analysis.

Translucent Globe on Euros and Dollars
22 Smiling Staff at Western Town Cropped Again

Yeske Buie Spring Retreat

Last week, the Yeske Buie team from both offices gathered at Marriott Ranch for their semi-annual company retreat. While the retreat serves as a great opportunity to step away from the day to day office routine, the team spends each day working on various business related activities. The themes at this retreat were strengthening our core goals, vision, and values and raising our ability to “be” the Client. When the team wasn’t hard at work, we had the opportunity to enjoy the outdoors, take a group horse back ride, and share stories and play games around the fire. We hope you enjoy the following pictures from our retreat to Marriott Ranch!

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Tax Deadlines

1040Tax day is next week on Wednesday, April 15th, which marks the deadline for making a contribution to a Traditional or Rollover IRA, Roth IRA, Health Savings Account (HSA), SEP-IRA or Solo 401(k). If you file an extension then the latter two can receive contributions until October 15th. We will be sending emails to request 2014 Federal and State Returns from Clients shortly after April 15th to help us better serve our Clients throughout the year. If you already have a copy of your tax return, you may send the document to us using any of the methods described here.

 

 

TheLiveBigWay Digest – Paying It Forward

TheLiveBigWay® Digeston March 26th, 2015No Comments
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Yeske Buie’s Financial Literacy Program

Financial Literacy is a widely under-taught subject matter in the education of today’s youth. Some students can go through their entire education, including college, without some of the most basic financial knowledge required for them to succeed. Yeske Buie has put together a financial literacy program to help you and the ones you hold dear feel that your children and grandchildren are set up for financial success. Read more about Yeske Buie’s financial literacy program and see a video of a group of college students who are put to the test about their “preparedness” for the real world and the shocking results.

Give Big

One of Yeske Buie’s defined core values is our desire to willingly and selflessly share our time, our intellect, and our resources. In the past week, various Yeske Buie team members have volunteered with different foundations as part of Yeske Buie’s Give Big initiative. Over the weekend, members of our West Coast team volunteered at Habitat for Humanity Greater San Francisco’s Park Beautification event, while members of our East Coast team volunteered at one of Lost Dog and Cat Rescue Foundation’s Pet Adoption events. Read quotes from our team members about their experiences and see pictures of our volunteers at the events.

RK VH and JH at the park
2015-03-25 year to date fund returns

Year-to-Date Market Update

What a different a day makes, or, at least, a calendar quarter. As everyone knows by now, last year was a good year for U.S. stocks and a not so good year for foreign stocks (at least, for those of us who are dollar investors). The first quarter of this year, however, has seen a distinct reversal in that situation as you can see from the chart to the left. The returns are year-to-date through March 25th, with US funds in light green and international funds in dark green.

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Yeske Buie Spring 2015 Open House: RSVP Today!

Join the Yeske Buie Team from both offices for our Open House in Vienna, VA on Thursday, April 2nd from 4:30-6:30pm. This year’s event will feature several of Elissa and Dave’s favorite wines, a professional tarot card ready, Yeske Buie souvenir wine glasses, and delicious appetizers and sweet treats from local company, Purple Onion Catering. Read more about this year’s featured wines and foods. Please RSVP for the event by emailing Cristin Etheredge at Cristin@YeBu.com. We look forward to seeing you there!

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Tax Deadlines

1040Tax day is just a few weeks away on Wednesday, April 15th, which marks the deadline for making a contribution to a Traditional or Rollover IRA, Roth IRA, Health Savings Account (HSA), SEP-IRA or Solo 401(k). If you file an extension then the latter two can receive contributions until October 15th. We will be sending emails to request 2014 Federal and State Returns from Clients shortly after April 15th to help us better serve our Clients throughout the year. If you already have a copy of your tax return, you may send the document to us using any of the methods described here.

 

 

TheLiveBigWay Digest – Fiduciary Focus

TheLiveBigWay® Digeston March 12th, 2015No Comments
Capitol Dome

Fiduciary Focus: Putting Clients First

President Obama has instructed the Department of Labor to develop a new set o rules requiring those who advise plan participants to act as fiduciaries. Anyone acting as a fiduciary is required to put Clients’ interest first. The brokerage world normally operates under a different standard known as “suitability,” which merely requires advice to be broadly suitable to Clients based on their overall circumstances, but not necessarily be in their best interest. Read on to learn how and why Elissa and Dave have been promoting the fiduciary standard as this issue has been near and dear to Yeske Buie for many years.

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Finding the Right Benchmark for a Globally Diversified Portfolio

Clients often ask us what benchmark they should be comparing against their portfolio’s performance to see where they stand. As you’ve probably read in this space before, Yeske Buie employs a diversification strategy that is multi-layered. Thus, we compare the performance of the bond mutual funds and the performance of the stock portion of our Clients’ portfolios with different indices. Learn more about the specific indices we use, why we feel they provide the most accurate benchmark, and how our portfolios’ performance is different from that of the indices.

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 Fall Back On Me Yeske Buie Spring 2015 Open House: RSVP Today!

Join the Yeske Buie Team from both offices for our Open House in Vienna, VA on Thursday, April 2nd from 4:30-6:30pm. This year’s event will feature several of Elissa and Dave’s favorite wines, a professional tarot card ready, Yeske Buie souvenir wine glasses, and delicious appetizers and sweet treats from local company, Purple Onion Catering. Read more about this year’s featured wines and foods. Please RSVP for the event by emailing Cristin Etheredge at Cristin@YeBu.com. We look forward to seeing you there!

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Tax Deadlines

1040Tax day is just a few weeks away on Wednesday, April 15th, which marks the deadline for making a contribution to a Traditional or Rollover IRA, Roth IRA, Health Savings Account (HSA), SEP-IRA or Solo 401(k). If you file an extension then the latter two can receive contributions until October 15th. We will be sending emails to request 2014 Federal and State Returns from Clients shortly after April 15th to help us better serve our Clients throughout the year. If you already have a copy of your tax return, you may send the document to us using any of the methods described here.

 

 

TheLiveBigWay Digest – Phishing Season is Here

TheLiveBigWay® Digeston February 26th, 2015No Comments
Online Fraud Concept

Phishing Season is Here

As if coming to terms with our annual obligations to Uncle Sam isn’t stressful, tax time is also prime “phishing” season for scammers and identity thieves. As defined by Wikipedia, phishing is an attempt to fool someone into revealing sensitive personal or corporate information by “masquerading as a trustworthy entity”. An article in the New York Times last week reported that phone fraud is one of the fraudsters most favored tactic. Learn more about these phone scam tactics and listen to a fraudulent voicemail that Dave himself recently received on his home phone.

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Lauren Grove Earns the CFP® Certification

After years of hard work and dedication, we are very proud to announce that Lauren Grove, Assistant Financial Planner in our Virginia office, became a CERTIFIED FINANCIAL PLANNERTM professional on Friday, February 6th. To obtain certification, a planner must have satisfied the CFP Board’s “Four Es” – Education, Examination, Experience and Ethics. As you may recall, we sat down with Lauren days before she took her exam to learn more about her diligent study schedule and announced in late August that she had passed her exam. After learning that she had received the certification, we asked Lauren, “What three words would you use to describe how it feels to have earned the CFP® certification?” Read on for the answer and learn more about earning the prestigious certification.

Lauren Grove, Yeske Buie
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Victoria Headshot Meet the Team: Victoria Harrell

Victoria Harrell, Client Service Administrator in our Vienna, VA office, is Yeske Buie’s newest team member. With over nineteen years in the financial services industry, Victoria adds a great level of expertise to the team. Additionally, Victoria has a deep understanding of how the markets work and trading rules as she has earned her undergraduate and master’s degrees in Business Administration, has completed all of the course work for the CFP® certification, and holds multiple securities licenses. In this edition of Meet the Team, we learn more about what Victoria hopes to accomplish at Yeske Buie and what she enjoys doing in her free time.

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6 - GroupYeske Buie Spring 2015 Open House: Save the Date!

Join the Yeske Buie Team from both offices for our Open House in our Vienna, VA office on Thursday, April 2nd from 4:30pm to 6:30pm. The event will be catered by a local company, Purple Onion Catering, and will include staff from both the Virginia and California offices. Stay tuned to future Digests for more details!

 

 

TheLiveBigWay Digest – Love and Money

TheLiveBigWay® Digeston February 12th, 2015No Comments
Vertical shot of a beautiful sky with sun rays

How to Build an All-Weather Portfolio

When is comes to investing your hard earned money for the long-run, the world can sometimes seem like a scary place. It’s not just the occasional category five storm that blows our way, but also all the squalls that can sweep through the markets that likewise threaten to feel like they might capsize our portfolios. Te one thing we know with certainty is that the timing, magnitude, or impact of world events can never be predicted with the kind of precision required if we’re to nimbly trade in or out of the market to avoid danger or capture gains. At the end of the day, it’s better to be resilient than nimble. Accordingly, we would like to share this 13 minute video as a brief description of how we can build a resilient, all-weather portfolio that can carry you through whatever storms may come our way.

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Talking Sweet With Your Sweetheart

With Valentine’s Day weekend upon us, we share a few ideas for how you can make “money talk” a constructive part of your relationship. When planning a date night or weekend getaway, few people think to make a discussion of finances part of the event. However, with money frequently cited as one of the top relationship stressors, allocating time to have financial conversations with your sweetheart is a worthwhile endeavor. Here, we share five ways to have financial conversations with your sweetheart. And, as we recognize that approaching these conversations can be difficult, we offer a piece from Dr. Gary Chapman about “The 5 Love Languages”. Gary identifies five categories to highlight how people understand and give love, and while we need all the love languages, there is usually one that really speaks to each of us. Ultimately, we hope you use this Valentine’s Day as a reminder that love and money can go well together!

The Love of Money
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yeske-buie-02 Ask Elissa and Dave Feature

In perfect time for the holiday weekend, our latest questioner asks: “How do you manage being business partners and life partners? Do you ever get tired of each other?” . Read Elissa and Dave’s answer to the question (be sure to scroll down to the bottom for the answer to this question) and stay tuned to future Digest posts for more. And, if you have a question for Elissa and Dave, feel free to share your curiosity with us and receive an answer to the questions you’ve always wanted to ask!

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Tax Label on File How You Will Receive Your 1099

While Yeske Buie posts quarterly tax reports to your Client Private Page® for taxable accounts, these reports are for planning purposes only. To complete your 2014 tax return, please refer to your Schwab 1099 for dividends, interest, and capital gains in your taxable account(s), as well as any distributions from your IRA(s). As required by the IRS, Schwab will send 1099s in the mail and post them to your Schwab account between the end of January and mid-February. If you use the Schwab Alliance website, here are instructions for accessing your 1099 electronically. If you have lost your paper copy or are having difficulties accessing the forms online, please do not hesitate to contact us and we will be happy to assist you.

 

 

TheLiveBigWay Digest – Financial Planning Playbook

TheLiveBigWay® Digeston January 29th, 2015No Comments
Game Day Plan

The Yeske Buie Playbook

Super Bowl XLIX will see the New England Patriots square off against the Seattle Seahawks in Glendale, Arizona this Sunday, February 1st. Just as each team will arrive at University of Phoenix Stadium armed with a playbook that blends hours of research with the ingenuity of the league’s top strategists, Yeske Buie has its own financial planning playbook, designed to tilt the odds in our Clients’ favor. We thought we’d take this opportunity to share the key elements of Yeske Buie’s Creative Strategies and Grounded Wisdom® playbook.

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Yeske Buie Financial Planning Resident Program

Yeske Buie has recently implemented a Financial Planning Resident Program. The purpose of the program is the leverage our Financial Planning team and to help contribute to the pipeline of new planners entering the financial planning profession prepared to work with financial planning clients. Our current Financial Planning Residents are Sabina Smailhodzic and Russell Kroeger, both working in our San Francisco office. Learn more about the goals of the program, Sabina’s insights on being our first Financial Planning Resident, and Yeske Buie’s plans to continue growing the program for the betterment of the profession and our Clients.

For Resident Financial Planner
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On_field_of_skins_eagles_game_at_fedEx_field_FLYEAGLES Meet the Team: Russell Kroeger

Russell Kroeger, a spring 2013 graduate of Virginia Tech’s CFP® Certification Education Track, traveled 2,750 miles across the United States to join our Financial Planning Resident Program. Since graduating, Russell has been focusing on building his foundation knowledge in an effort to add value to Clients and the financial planning profession. Russell is looking forward to continuing his involvement with the Financial Planning Association (FPA) and is excited to build relationship with Clients and friends on the west coast. To learn more about Russell, we asked him about his passion for Financial Planning and what he hopes to accomplish at Yeske Buie. The answers to these questions and more are shared in this edition of Meet the Team: Russell Kroeger.

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Tax Label on File How You Will Receive Your 1099

While Yeske Buie posts quarterly tax reports to your Client Private Page® for taxable accounts, these reports are for planning purposes only. To complete your 2014 tax return, please refer to your Schwab 1099 for dividends, interest, and capital gains in your taxable account(s), as well as any distributions from your IRA(s). As required by the IRS, Schwab will send 1099s in the mail and post them to your Schwab account between the end of January and mid-February. If you use the Schwab Alliance website, here are instructions for accessing your 1099 electronically. If you have lost your paper copy or are having difficulties accessing the forms online, please do not hesitate to contact us and we will be happy to assist you.

 

 

TheLiveBigWay Digest – Calendar Calculations

TheLiveBigWay® Digeston January 15th, 2015No Comments
Retirement Planning

Required Minimum Distributions

Required Minimum Distributions (RMDs) are, as the name indicates, minimum annual distributions that must be withdrawn from an IRA, as required by the IRS, beginning with the tax year within which the account holder turns 70½. The IRS requires these annual distributions to help ensure that account holders don’t simply continue to accumulate money in retirement accounts, thereby deferring taxation, forever. Uncle Sam wants his cut (read: tax revenue) of the growth in your IRA! Read on to learn more about the ‘what and ‘why’ of RMDs and how Yeske Buie will assist you with the ‘when’ and ‘how’…

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Investing Lessons from Fantasy Football

If you didn’t play in a fantasy football league this past season (and the odds are if you did, you were probably in multiple leagues), then you almost certainly know someone who did. Yeske Buie has had a fantasy football league for the past few years. The league has become increasingly competitive over the last few seasons, especially with the addition of a trophy and a different kind of “prize” for the loser. This year’s winner was the team’s more ardent sports fan: Yusuf Abugideiri. In light of his victory, Yusuf put together his thoughts about investing lessons that can be learned by playing fantasy football.

Game Day Plan
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yeske-buie-02 Ask Elissa and Dave Feature

Our most recent Ask Elissa and Dave questions follows-up on an individual’s recent phone call with Elissa and discusses the end of the year and why it is a busy time for Yeske Buie. Read Elissa’s answer to the question (be sure to scroll down for the latest Q&A) and stay tuned to future Digest posts for more. And, if you have a question for Elissa and Dave, feel free to share your curiosity with us and receive an answer to the questions you’ve always wanted to ask!

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Tax Label on File How You Will Receive Your 1099

While Yeske Buie posts quarterly tax reports to your Client Private Page® for taxable accounts, these reports are for planning purposes only. To complete your 2014 tax return, please refer to your Schwab 1099 for dividends, interest, and capital gains in your taxable account(s), as well as any distributions from your IRA(s). As required by the IRS, Schwab will send 1099s in the mail and post them to your Schwab account between the end of January and mid-February. If you use the Schwab Alliance website, here are instructions for accessing your 1099 electronically. If you have lost your paper copy or are having difficulties accessing the forms online, please do not hesitate to contact us and we will be happy to assist you.

 

 

TheLiveBigWay Digest – Best of 2014

TheLiveBigWay® Digeston December 31st, 2014No Comments
Best!

Best of 2014

As we prepare this edition of the Digest, we’re hoping that you had a great end to 2014 and celebrated the start to 2015 with your close family and friends. The end of one year and the beginning of another is a great time to reflect. As we reviewed the Digest posts of the year just ended, we were intrigued by what resonated with people the most and decided to share with you the top five posts from 2014 in each category by popularity.

Yeske Buie Celebrates Its 7th Anniversary

On January 1, 2015, Yeske Buie celebrated its 7th anniversary. Elissa and Dave have been in the profession of financial planning for more than 30 years and in business for themselves for 25 years, Yeske & Co. having been founded in 1990 and Financial Planning Group in 1993. Find out how each firm started and what 7 years means for Dave and Elissa.

7 Golden Balloons
yeske-buie-02 Ask Elissa and Dave Feature

Interested in learning more about Dave or Elissa as financial planners or as avid travelers? Looking for some clarity on a financial planning topic, the markets, or your portfolio? Curious about Yeske Buie, how we operate, or our company culture? Share your curiosity with Elissa and Dave and receive an answer to the questions you’ve always wanted to ask! Read Dave’s answer to our most recent question and stay tuned to future Digest posts for more.

 

 

TheLiveBigWay Digest – The Cracked Crystal Ball

TheLiveBigWay® Digeston December 18th, 2014No Comments
How to Invest When Your Crystal Ball is on the Fritz

Translucent Globe on Euros and DollarsIf you could see the future, diversification would be a bad idea. It’s simple logic: if you knew which assets were going to outperform all the others in the coming year, you’d simply put all your (nest)eggs in one basket and reap the rewards of perfect foresight. Of course, the world is a bit messier than that, though it can be hard to remember sometimes, especially when it feels like someone’s throwing a party and you weren’t invited. Learn why this is especially true when we’re talking about the Dow Jones Industrial Average or the S&P 500 Index and see illustrations that prove the challenge of predicting next year’s winners from yesterday’s or today’s.

Social Security Simply Stated

If you are eligible for Social Security benefits, you’ve spent at least 10 years working and paying a portion of your income into the system. As you approach age 62, you are able to receive the return on your “investment” by claiming your benefit. Before you rush into making the decision about when to claim your benefits and how much to claim, be sure you have a good understanding of all your options and know what Yeske Buie can do to help you.

The Key to Social Security Benefits
DC Central KitchenYeBu East Coast Gives Big at DC Central Kitchen

On Wednesday, our staff on the east coast volunteered at DC Central Kitchen’s Evening Meal Prep event. The team put their culinary skills to the test to help DC Central Kitchen’s staff transform 3,000 pounds of donated food into 5,000 balanced meals to be distributed at little or no cost to nearly 90 nearby homeless shelters, transitional homes, and non-profit organizations. Check out our team’s cooking skills and learn more about DC Central Kitchen.

Yeske Buie Holiday Hoursphoto We hope you have been enjoying the holiday season, as we have! Looking forward to the end of the year, we wanted to inform you of Yeske Buie’s upcoming holiday hours. The Yeske Buie offices will be physically closed next week from Monday, December 22nd through Friday, December 26th. The entire team will be available remotely throughout the week if you need anything and will respond to your messages as soon as possible. If you anticipate any needs in particular around that time, please let us know and we will manage your request sooner rather than later. Happy Holidays!
 

 

TheLiveBigWay Digest – Building Better Decisions

TheLiveBigWay® Digeston December 4th, 2014No Comments

Decision Architecture: Building Better Choices

Elissa and Dave’s latest paper, Policy-Based Financial Planning as Decision Architecture, was just published in the December issue of the Journal for Financial Planning. Financial planning policies are compact decision rules that make it easier to stick with a consistent course of action in the midst of an ever- changing environment. Developing good policies can be thought of as a form of “decision architecture” in which we structure the policies in such a way as to leverage our natural human proclivities, like sticking with default options. Read more for Elissa and Dave’s thoughts and examples of structured decisions and their enormous impact on outcomes. Decision Archeticture
                                             Interactive Yeske Buie User’s Manual

Yeske Buie User's ManualOur interactive guide to all things Yeske Buie offers practical information ranging from how we serve our clients to how you can get help with any issue. As you explore the Manual, you’ll find a history of our firm’s evolution, in-depth discussions of our investment and financial planning philosophy, a chance to meet the Yeske Buie Team, and a guide to “Why Yeske Buie Clients are Elite.” We encourage you to jump right in and start exploring this wealth of useful and, we hope, interesting information.

Ask Elissa and Dave Feature

Interested in learning more about Dave or Elissa as financial planners or as avid travelers? Looking for some clarity on a financial planning topic, the markets, or your portfolio? Curious about Yeske Buie, how we operate, or our company culture? Share your curiosity with Elissa and Dave and receive an answer to the questions you’ve always wanted to ask! Read Dave’s answer to our most recent question and stay tuned to future Digest posts for more.

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YeBu Live Big Logo 03-15-11Yeske Buie Holiday Hours
We hope you had a wonderful Thanksgiving holiday! Looking forward to the end of the month, we wanted to inform you of Yeske Buie’s upcoming holiday hours. The Yeske Buie offices will be physically closed from Monday, December 22nd through Friday, December 26th. The entire team will be available remotely throughout the week if you need anything and will respond to your message as soon as possible. If you anticipate any needs in particular around that time, please let us know and we will manage your request sooner rather than later.
 

 


“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous? Actually, who are you not to be? Your playing small does not serve the world. There is nothing enlightened about shrinking so that others won't feel insecure around you. We are all meant to shine. And as we let our own light shine, we unconsciously give others permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.” ~Marianne Williamson