TheLiveBigWay® Digest – Sweet Talk

TheLiveBigWay® DigestPosted on February 8th, 2017No Comments

Reviewing the Benefits: Renting and Buying

Rent or buy? It’s a question we hear and discuss often and it comes from Clients of all ages – whether it’s a newly married millennial couple looking to settle down, retirees looking to downsize or anyone in between. Like many aspects of financial planning, there is not a one-size-fits-all answer – personal desires and goals matter as much as the monetary aspect. Today, we share a review of the benefits of renting and buying for you to consider when pondering this decision.

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Fundamentals of Fixed Income Investing

When you first hear the term ‘investing’, it’s likely that ‘stocks’ is among one of the first words to come to mind. Stocks typically receive much of an investor’s attention due to their role in creating higher returns as a percentage of the entire portfolio. However, fixed income positions, or bonds, play an equally important role because of their ability to help reduce volatility that comes with investing. In an effort to give bonds the attention they deserve, today we discuss the role they play in your portfolio.

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Live Richer With Love

With Valentine’s Day upon us, we are reminded of the many ways that love and money can be intimately intertwined. From our experience, one of the best ways to keep the relationship between love and money a healthy one is through thoughtful money conversations with your sweetheart: here we share Five Ways to Have Financial Conversations with Your Sweetheart. The last suggestion in this piece, Sharing Money Memories, hopefully sparks happy memories about important money milestones in your relationship, including your big day. A recent article featured on WalletHub shared insights from Financial Planner, Lauren Grove, about financial considerations for brides and grooms-to-be – a very appropriate topic for a bride-to-be, herself!

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Required Minimum Distributions

February marks the beginning of our annual process of distributing our Clients’ Required Minimum Distributions (RMDs) from their IRAs. Now that Schwab has released their annual RMD report, the Financial Planning Team is reviewing each IRA from which an RMD is required to ensure enough cash is available for the distribution. In most cases, RMDs will be distributed by the end of the month (some Clients have already received theirs); for our Clients who use their RMD amount as their annual spending target, we’ll track the distributions throughout the year to ensure the required amount is satisfied. Learn more about RMDs and Yeske Buie’s process for managing the distributions.

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How You Will Receive Your 1099

As you begin thinking about filing your 2016 tax return, we’d like to offer a few notes about tax information for your Yeske Buie accounts. On the Tax Reports page of your Client Private Page®, you will find reports for your taxable accounts (for planning purposes only) and transaction reports for your IRA(s). To complete your tax return, please refer to your Schwab 1099 which will be sent to you in the mail and posted to your Schwab Alliance account throughout the month of February. If you use the Schwab Alliance website, here are instructions for accessing your 1099 electronically. If you have any questions or difficulties obtaining the form, please do not hesitate to contact us.

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“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