Financial Institutions generally issue 1099s and other tax forms in mid February of each year. You should expect to recevie your tax forms in the mail at the end of February or early March. For accounts held with TD Ameritrade, you can also access your tax forms on-line through their website: www.advisorclient.com
You still have time to make a contribution to an IRA for 2017. The IRS allows you to make the contribution anytime before the tax filing deadline, which is April 17th this year. If you are under 50, the limit is $5,500 and if you are 50 or older, the limit is $6,500. Contact your advisor if you are interested in making a contribution.
Have you ever tackled a DIY (Do-It-Yourself) project and in the end regret how it turned out? Or when you read the online forums it said the average time was thirty minutes and two hours later you’re still at it? Well I have and half way through I wished I would’ve paid someone to do it. Life is full of failures and with it inevitably come regrets. In the end you have two options: learn and improve or sulk and stink. Retirees tend to look back more than others and some of their wisdom may be worth listening to.
Do you remember the show Winnie the Pooh? There were two characters that always intrigued me. Eeyore and Tigger. Tigger was a bubbly, excited, and cheerful tiger that loved life and bounced his friends continually. In fact he is quoted as saying “Once in a while someone amazing comes along…and here I am.” Eeyore on the other hand was a gloomy, pessimistic, and depressed donkey. Everything was half empty and there was always something that could be worse. Eeyore is quoted as saying this, “It’s snowing still, and freezing. However,” he said, brightening up a little, “we haven’t had an earthquake lately.”