TheLiveBigWay Digest – Calendar Calculations

TheLiveBigWay Digest – Calendar Calculations

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Required Minimum Distributions (RMDs) are, as the name indicates, minimum annual distributions that must be withdrawn from an IRA, as required by the IRS, beginning with the tax year within which the account holder turns 70½.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’…

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
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!

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.