TheLiveBigWay® Digest: Offense and Defense

TheLiveBigWay® Digest: Offense and Defense

The Yeske Buie Playbook

Super Bowl LIII will see the New England Patriots square off against the Los Angeles Rams next Sunday, February 3rd. And just as each team will arrive at Mercedes-Benz 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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Required Minimum Distributions

Required Minimum Distributions (RMDs) are minimum annual distributions that must be withdrawn from an IRA beginning with the tax year within which the account holder turns 70 ½. Schwab has released their annual RMD report, which marks the beginning of our annual process of 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 February; 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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2019 Financial Review and Outlook

Earlier this week, we hosted a live webinar where we shared our take on the economy in 2018 and the headwinds facing investors in 2019. A recording of the webinar is now available on our website. We hope that you will share this link via email, social media, or otherwise with friends, family, or colleagues who may find the information valuable. We look forward to connecting with you via our webinars throughout the year to share our perspectives on current news and events that can impact your financial life. As a sneak peek, we’ve connected with a cybersecurity expert to present at our next webinar – stay tuned for details!

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How You Will Receive Your 1099

As you begin collecting your tax documents to prepare your 2018 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 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.
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Northern Virginia Locals – Save the Date!

Will you be in the Northern Virginia area on Thursday, March 7th? If so, we hope you will save the date and join our team for a special social gathering in Vienna, VA. The event will feature light appetizers, tantalizing sweet treats, mingling with the Yeske Buie team, and more. Stay tuned for a full invitation with more information in the coming weeks. And in the meantime, feel free to email us if you know you’ll be able to attend!

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