February 28, 2018 | Investing
Attention LifeGuide Clients.
We would like to take a moment to answer two questions that you may have:
Question #1: I just received a mailing from TD Ameritrade re: Standing Letter of Authorization. Should I be concerned? Did anything change? Do I need to do anything?
You may have received a notice from TD Ameritrade regarding the bank account that is linked to your investment account. You should have received a notice for each TD account that is connected to a bank account. An account link facilitates withdrawals and deposits between your bank account and your TD Ameritrade investment account.
This notice is informational and is not an indication of any changes. While no action is needed on your part, please review the bank account information listed to ensure that the correct account is linked. Please let us know if anything is incorrect or if you have any questions.
Question #2: What causes corrected 1099s?
During tax season, receiving corrected 1099s from investment accounts has become commonplace. The majority of the time, the custodian (such as TD Ameritrade) is not causing the revisions. Custodians are required to issue a corrected 1099 no matter how insignificant the changes are.
To produce a 1099, custodians receive and aggregate all available information relating to distributions made from investments in an account during the previous calendar year. One such investment is a mutual fund, which is often composed of hundreds of securities. Your portfolio can be made up of ten or more mutual funds, and if just one of these securities within a single mutual fund issues a correction, your 1099 needs to be revised.
The good news is that the corrections are typically minor, and even if you receive a revised/corrected 1099 the correction could be small enough that you may not need to do anything. We do recommend that you provide your tax professional any revisions that you receive. You may click here to read more about this.
You have important questions, and we want to get you answers. We offer everyone a complimentary, no-strings-attached Exploration Meeting where we get to know each other, understand what you’re looking for, and answer all of the questions you have. In preparation for our conversation, we ask everyone to first complete a short five-minute, online Intro Questionnaire.
Once we receive your submission, we’ll reach out to schedule your complimentary Exploration Meeting. Type in your name, email, and preferred phone number below to get started!
The topic of long-term healthcare can be complex, time consuming, and, quite frankly, not a lot of fun. We’re here to help.
We are Dave Ramsey ELPs for long-term care, as well as SmartVestor Pros. We offer all of Dave’s fans a complimentary, no-strings-attached LTC Exploration Meeting where we will take the time to know you, answer your questions about LTC, and provide quotes and recommendations tailored specifically for you.
To prepare quotes for you, we ask that you complete a short three-minute online LTC Questionnaire.
One we receive your questionnaire, we will shop your case to multiple insurance companies, prepare quotes, and reach out to schedule your LTC Exploration Meeting. Type in your name, email, and preferred phone number below to get started!
You’ve come to the right place! Our Managing Partner, Doug Denlinger, is a SmartVestor Pro as well as a Dave Ramsey Endorsed Local Provider (ELP) for long-term care insurance.
Like Dave, we believe that financial peace is a critical component to leading your most impactful, fulfilled life—the life you are called to live. And we want to help you get there. Which is why we offer all Dave Ramsey fans a complimentary, no-strings-attached Exploration Meeting where we answer your questions and get to know each other.
In preparation for our conversation, we ask everyone to first complete a short five-minute, online Intro Questionnaire. Once we receive your submission, we’ll reach out to schedule your complimentary Exploration Meeting. Type in your name, email, and preferred phone number below to get started!