Well Balanced Vol. 23
Well Balanced. Volume 23. A round-up helping you get today right.
📈 Stock Quote
“To be is to do” - Socrates
“To do is to be” - Sartre
“Do Be Do Be Do” - Sinatra
Kurt Vonnegut, American writer and humorist
🏦 Quick Tip: Schwab Online Account Access
Schwab’s Account Access can be a good option for households owning multiple accounts (IRA, Trust, Roth) under different names and that want cross visibility. Also, great for tax time when one account login profile can easily download tax documents.
You can give access, and manage someone’s level of access, to your Schwab account(s) online. Giving them access will allow them to view account balances or, depending on access level, take action on your behalf. And you can do this without the need to grant power of attorney.
Contact Vector and we can help connect your related or family accounts. vwm@vectorwealth.com or via your advisor.
🤝 The TL;DR on the Schwab and TD Ameritrade Transition
Schwab and TD Ameritrade Merger
Visit Schwab’s transition overview for more about the recent TD Ameritrade move.
⛽ Gas Prices
Are we there yet?
AAA publishes a list of gas prices by state and region. As of 9/21/23 Mississippi came in the lowest at $3.24 and $6.99 per gallon of unleaded in California is the highest. Minnesota averages $3.90.
🏡 Did You Know
“A nickel ain't worth a dime anymore”
The highest mortgage rate was recorded in October of 1981 when the average thirty-year fixed rate hit 18.63%. Today the average 30-year fixed is 7.59%. In 2020 we saw rates at 3.10%. The difference 3 and 42 years can make. The change in borrowing costs from three years ago to today equates to a 65% increase in monthly payments for a new mortgage.
🪣 A Plan to Count On
Bucket Based Retirement Planning
A Short-Term Bucket: This bucket holds cash and cash equivalents to cover daily living expenses and is generally designed to last for one to three years (alongside benefits, pensions, and the like).
Vector uses a bucket-based strategy which involves dividing your retirement savings into four different "buckets" that are aligned with specific spending needs and investment time horizons.
Learn More: vectorwealth.com/sojourn
🍿 ICYMI
Insights & Videos
Perspective from Vector
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