Having risen from $1,000 per coin to a high of nearly $20,000 in the past 12 months (although as we write, it has fallen back to $11,000), Bitcoin has garnered more than a little attention and spawned a host of imitators. We recently came across a post by a gentleman who blogs under the name The Unassuming Banker that we think did a particularly nice job of both explaining what Bitcoin is and why it and the 1,400 other cryptocurrencies that have sprung into existence, whatever their current market value, have an intrinsic value of zero. We thought we’d share.
Tips to Thwart Tax Thieves
As discussions about the upcoming tax season start to heat up, so, too, do the discussions about tax identity theft. Tax identity theft has become such a relevant topic that the FTC has dedicated an entire week to raising consumer awareness with the hopes of helping people better protect their personal information. This year’s awareness campaign begins on Monday. With this in mind, it seems like the opportune time to share with you our Tips to Thwart Tax Thieves, a piece that aggregates various suggestions from the IRS website into one location as a quick resource for protecting your identity – we hope you find it useful!
2018 Outlook: Through the Looking Glass
Last week, we hosted a live webinar where we shared our thoughts on a variety of developments that can impact your finances in 2018. In case you missed the webinar or if you want to hear it again, a recording is now available on our website. We hope that you will share this link with any friends, family, or colleagues who may find the webinar – and the Red Queen’s Wisdom! – valuable. As we did last year, we’ll be hosting multiple webinars throughout the year and we encourage you to stay tuned to TheLiveBigWay® Digest for more details on these events.
How You Will Receive Your 1099
As you begin collecting your tax documents to prepare your 2017 returns, 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 for dividends, interest, and capital gains in your taxable account(s), and your 1099-R for any distributions from your IRA(s).
Schwab will be posting 1099s to the Statements & Reports tab of your Schwab Alliance account throughout the month of February. Step-by-step instructions for accessing the online forms can be found here. If you have elected to receive printed forms, you will be notified via email when the forms have mailed. And if you have any trouble at all accessing your forms, please don’t hesitate to give us a call so we can help.
If corrected 1099 forms are needed, they will posted to your Schwab Alliance account beginning on February 27th.
Where in the World is the Live Big® Glass?
We are humbled by how many of our Clients, family, and friends have submitted photos of them and those closest to them Living Big at home and around the world. We have recently added two more photos showing people doing just that – celebrating a new home and an anniversary trip abroad – which brings our total number of photos to 85! If you have a Live Big glass photo that you’d like to submit, please feel free to email it to Lauren@YeBu.com who will ensure the photo is added to the gallery.
At Yeske Buie, our purpose is to empower people to pursue their Live Big® lives. And our greatest strength is our dedicated team of professionals, led by our two founders, who between them have over 70 years of combined experience practicing financial planning and leading the profession.