Client resources & news
February 2, 2021
Client

Today, Phil the Groundhog saw his shadow. Luckily for those of us who are done with winter, he is only accurate maybe a third of the time.

Predictions are popular this time of year. Our calendar has been filled with 2021 Outlook webinars. For the most part, all the experts agree that the world is turning the corner toward recovery. However, no one knows for sure how that recovery will look in 2021, and that's okay. Long-term investing means that we have a plan and can weather short-term bumps and unknowns.

As always, please reach out to us if you have any questions or concerns.

Warm regards,
Resources
Market Update
Despite strong corporate earnings, stock prices closed lower after a volatile week of trading triggered by unprecedented activity in a handful of companies. Read more market and economic insights.

Treasury
Former Federal Reserve chair Janet L. Yellen was sworn in as the 78th Secretary of the Treasury on January 26, 2021. Read about the points she made at her confirmation hearing before the Senate, and what that might mean for economic policy.

Taxes
Helpful Information
The pandemic brought us a year unlike any other, and it is also bringing us a tax season that is unique. As you start receiving your tax documents for 2020, you will notice that they may not look like what you are expecting. Depending on your situation, you may have returned your unused RMD, taken a QCD, and/or did a Roth conversion. All of these items will reflect differently on your 1099-R and your 5498. Please contact us if you have any questions regarding the amounts on your tax documents.

Document Dates
For the 2020 tax year, the dates for printing and mailing recipient copies are as follows:
  • 1099-Rs (IRAs) available on:
  • SEI mail date: February 1 (Available online January 22)
  • FCC mail date: February 1
  • 1099-Bs (non-Qualified) available on:
  • SEI mail date: February 19, February 26 &/or March 11
  • Will be produced & mailed in 3 batches; your mail date will depend on when SEI receives the information on the holdings within your account.
  • FCC mail date: February 19

If you or your tax preparer need us to help gather any information, please give us sufficient notice to fulfill your request. Do not hesitate to call our office at 636-397-8303 with any questions.

Blattel & Associates does not provide tax advice. Please consult with your tax advisor with regard to your personal situation.
Bob's Movie Corner

It may be cheesy to recommend a romcom ahead of Valentine’s Day, but cheesy can be fun! You’ve Got Mail (1998) is a remake of a Jimmy Stewart classic. Find out why I think this modernization is even better than the original.  
Reminders

Don't forget to share your QCD amount with your tax preparer.
Please share your tax return with us annually. It helps us have a more complete financial picture, so that we can answer your questions and plan your strategies.
Office Hours

We will be closed on February 15 for President's Day.

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Please call our office at 636-397-8303 before you drop off or pick up any documents. Masks are required.
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