Merriman’s Guide to Social Security and Medicare

Merriman’s Guide to Social Security and Medicare

An important part of helping clients achieve their financial goals is helping them navigate questions and decisions around Social Security and Medicare. Whether it’s deciding when to start Social Security or applying for supplemental Medicare coverage, these decisions have a big impact on your financial situation and wellbeing.

This book is broken up into two parts, as Social Security and Medicare are complex topics. The first covers Social Security and strategies. The second part covers the ins and outs of Medicare and all its various plans.

We hope you discover strategies and new things that will help you make the best decisions for your situation. As always, we’re here to help and answer any questions you may have.

 

Fall Items to Check Off Your List

Fall Items to Check Off Your List

With fall fast approaching, it’s time to take care of a few things before year end that can also set you up for the start of next year.

    • Retirement contributions and withdrawals – Just as it’s important to make the necessary contributions to your retirement plan based on your financial plan, you must also take your required minimum distribution (RMD) by December 31 to avoid any penalties if above age 70 ½ or own an inherited IRA. The Merriman Client Services team is hard at work making sure these are all completed for clients. Contributions: The deadline for 2018 Roth IRA and Traditional IRA contributions is April 15, 2019.

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Using Investment Losses to Reduce Your Tax Bill

Using Investment Losses to Reduce Your Tax Bill

Tax-loss harvesting is a strategy used to produce tax savings where an investment that has declined in value is sold at a loss, and a similar investment is purchased simultaneously to maintain the portfolio’s investment mix – risk and expected return. To use the loss for tax purposes, i.e., avoid a wash sale, there is a waiting period of at least 30 days before the original investment can be repurchased. Since buys and sells in retirement accounts are not taxable, tax-loss harvesting is implemented in non-retirement accounts.

The losses realized through tax-loss harvesting can be used to reduce an investor’s taxes in the following scenarios: (more…)

How to Sell Investments Tax-Free

How to Sell Investments Tax-Free


iStock_88017445_XSmallGain harvesting is where investors can sell taxable investments with long-term capital gains and not owe capital gains taxes. For 2018, you must have taxable income below $38,600 if single, $77,200 if married filing jointly and $51,700 if head of household to not owe taxes on long-term capital gains and qualified dividends. Any long-term capital gains above this taxable income threshold will be subject to the regular 15% tax on long-term capital gains, while the gains below the threshold are tax-free. Income is often much lower in retirement, especially before taking the required minimum distributions from retirement accounts at age 70.5, so many retirees have room to realize gains without tax consequences. (more…)

A New Resource for Amazon Employees

A New Resource for Amazon Employees

Do you work for Amazon, or are you considering a career at Amazon?


Navigating the different benefit options can feel overwhelming. That’s why Merriman has created a new resource for Amazonians that has everything you need to know about what’s available to you.

You can find tips and advice on how to get the most out of Amazon’s 401(k), learn about health insurance options and guidance on how to handle the Amazon restricted stock units. We encourage you to take a look and if you have any questions or if you want to discuss in detail how Merriman can help put together a personalized plan, please feel free to reach out.