Well Balanced. Volume 27. A round-up helping you get today right.

📈 Stock Quote

“Therefore, how we explain coincidences depends on how we see the world.

Is everything connected, so that events create resonances like ripples across a net? Or do things merely co-occur, and we give meaning to these co-occurrences?” 

Lie Yukou, Chinese philosopher. c. 400 BCE 

🎧 Well Balanced! Vector Wealth has a New Podcast  

A recent episode titled “Choosing A Senior Living Community” features Vector’s managing director Sharon Calhoun and special guests from a senior living community who discuss the importance of planning for transitions during times of calm to allow for thoughtful decision-making. 

Check out our Well Balanced podcast for financial planning topics, market perspective, and discussions with interesting people. We would love to have you as a regular listener. 

Subscribe, share, and listen at Apple Podcasts and Spotify. 

🔄 Renaissance Co-Occurrence? 

The Medici Effect describes how breakthrough ideas can occur when we bring concepts from one field into a new, unfamiliar territory. In the 14th century, a wealthy and philanthropic family (the Medici's) were able to support artists that in effect drew more talent and diversity of thought to a central nexus: Florence, Italy. The Medici family may not have intended to create the Italian Renaissance but contributed to it with second order network effects. 

Next time you host a dinner party consider inviting painters, sculptors, poets, philanthropists, scientists, philosophers, financiers, and architects. Who knows, maybe you’ll spark a Renaissance. 🎨

For further reading check out The Medici Effect by Frans Johansson. 

💼 Schwab and TD Ameritrade Year End Reporting 

If you had investment accounts that moved from TD Ameritrade to Schwab as part of the merger, you should expect to receive 2023 tax forms from both Schwab and TD Ameritrade. If there is reportable activity, the 1099 tax forms should be available by the end of February. Forms will be posted to your online account at www.schwab.com and mailed to those who have chosen that option.

🎓 Rising Demand for College 

Although attending college is often associated with higher earning potential, the cost of attendance in the United States has increased significantly faster than wages. 

For a four-year degree, U.S. students could expect to pay an average of $30,031 for tuition, fees, room, and board in 2022. Despite rapidly rising costs, the U.S. continues to see high rates of college graduates, making up 37.7 percent of the total population as of 2022. This increase in graduates is not caused by higher education becoming more financially accessible; on the contrary, the rising demand for higher education in the U.S. is likely to be contributing to the rising cost. 

Source: “The cost of college in the United States - Statistics & Facts” published by Veera Korhonen on Statica Feb. 2024. 

🍿  ICYMI

Insights & Videos
Perspective from Vector

V24046099