TheLiveBigWay® Digest – The More You Know

TheLiveBigWay® DigestPosted on February 22nd, 2017No Comments

Five Things to Know About Required Minimum Distributions

Last time in this space, we shared details about Yeske Buie’s process for managing required minimum distributions (RMDs) in Client accounts. Today, we’d like to share a few notes about RMD distribution timing and strategies for those anticipating distributions down the road. Read on for a list of five things to keep in mind before you’re subject to required minimum distributions.

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Assembling Your Financial First Aid Kit

We’ve talked to our Clients many times about the importance of emergency preparedness. Preparing for an emergency can take the form of kits with food, water, and supplies, plans for what you and your family will do in an emergency, or the often overlooked financial first aid kit. Having a financial first aid kit helps to ensure that the tangible pieces of your financial life are safe and easily accessible at any moment. Today, we share a comprehensive list of items to keep your financial first aid kit well-stocked for any emergency.

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Portfolio Update

As a consequence of recent economic and policy trends, we are returning to a more conservative stance with respect to our bond allocations. Recent guidance has made it clear that the Federal Reserve is committed to slowly, but consistently, stepping up the pace of interest rate increases going forward. This, combined with a modest but notable uptick in inflation, has led us to conclude that the economic environment will be biased toward steadily rising interest rates for the first time since the Great Recession. We will, of course, continue to monitor and make further adjustments as necessary in the coming months and years.

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We Want to Hear From You – Help Us Select a Subject!

In January, Yeske Buie hosted a live webinar where we shared our thoughts on the question “Will the Trump Administration be GREAT for Your Finances?” Throughout the year, we will host a series of live webinars and we hope to continue to present on topics that interest you. To help us do so, we want to hear from you! We’ve put together a brief survey listing a variety of topics for us to consider for our next webinar. If you’d like to share your thoughts with us, please click this link to take the survey.

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Important Information About Your 1099

As we continue to provide updates on the status of your Schwab 1099 form for your 2016 tax return, we’d like to inform you that your 2016 1099 form is now available. Schwab has sent a paper copy to you in the mail and has posted an electronic copy to your Schwab Alliance account. If you are not familiar with the Schwab Alliance website, you can find simple instructions for accessing the document on our website. For your awareness, it is possible that Schwab will also release a Corrected 1099 form in the coming weeks. Last year, we planned for the event of receiving corrected forms and in the end there were no changes. For this reason, we suggest that you proceed with preparing your taxes in a timely fashion, but wait to file your 2016 return until you hear from us about whether or not you will be receiving corrected 1099s. We will update you as we know more from Schwab.

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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