There’s a reason people traditionally make New Year’s resolutions. The changing of the calendar is a good opportunity to take stock of where we are, what we want to accomplish, and how we’re going to get there. Are you making resolutions for your life in 2020? Adjustments? Staying the course? Now is a great time for us to check in on what 2020 and the decade ahead look like.
As for me, my resolutions are a bit on hold. Goals for biking more in 2020 are on hold while my scaphoid bone heals, thanks to a mountain biking accident in late October. I’ve spent the holidays in a cast, giving everyone a thumbs up, and have a few more weeks to go. Meanwhile, Jillian is certainly ready to have me back to washing dishes and taking the dog out in the rain.
Let’s Talk Taxes
If this will be the first year Passport Wealth Management will be working with you to file your tax return, please reach out with a quick message to make sure we’ve got you on our list. If you have no idea what I’m talking about and didn’t realize we offer this service, please reach out to see if we can help get your return filed with the IRS.
TD Ameritrade Acquired by Schwab
It was just a few short months ago that TD Ameritrade announced it would reduce the commission they earn on each stock trade from $6.95 to $0. That news was so momentous it helped to set off a chain reaction resulting in the announced takeover of TD Ameritrade by Schwab. For now, it is business as usual at both firms as the merger has several regulatory hoops to jump through. I will keep you posted on news and developments with ‘Schwabitrade’ (as the new entity is being referred to in the news) as things progress, but for now indications are that ‘Schwabitrade’ will likely function similarly for us as TD Ameritrade does now.
REMINDER: Access Your Accounts via our New App!
It doesn’t matter whether you’re an Android user or an iPhone aficionado, the PassportWM app is available on both Google Play and the Apple App store! Easily check your accounts, view your investment performance, transactions, and quarterly statements from the app. If you have trouble accessing your account don’t hesitate to give me a call.
Live Long and Prosper,
Dan Tobias, CFP®
Please note: The above is a copy of the 2019 Q4 Passport Wealth Management client newsletter attached to quarterly statements from January 2020. The newsletter is published to the website for informational purposes only and is not financial or investment advice. You should consult a CERTIFIED FINANCIAL PLANNER™ Professional for financial advice. Past performance may not be indicative of future results. Indexes are not available for direct investment. Investing involves risks, including the potential for loss of principal. There is no guarantee that markets will act as they have in the past or that any investment plan or strategy will be successful.
Daniel Tobias is a CERTIFIED FINANCIAL PLANNER Professional and a Fee-Only Advisor. He owns Passport Wealth Management, a financial advising firm based in Cornelius, NC that works with clients across the globe. He helps individuals plan for retirement, manage investment portfolios, mitigate taxes, and secure their financial futures. With more than 10 years in the industry, Daniel has spoken nationally on financial planning practice management and has served on the National Association Personal Financial Advisors (NAPFA) South Regional Board. He resides with his family near Lake Norman in North Carolina where he enjoys mountain biking, hiking and travel.