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.
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.
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.
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.