November 26, 2019
NOW MIGHT BE A GOOD TIME to check in with your financial advisor about where you stand—and what you might want to consider doing differently going forward.
You can use the following 5 questions to help inform that important conversation. The answers could help you plan ahead for any life changes (getting married? buying a home? starting a new job?), respond thoughtfully to fluctuations in the markets and maybe even lower your tax bill.
Merrill, its affiliates and financial advisors do not provide legal, tax or accounting advice.
The Health Savings Account, known primarily as a tax-efficient vehicle for covering medical expenses, is an often-overlooked way to boost retirement savings.director of Retirement Thought Leadership at Bank of America
1 The Urban-Bookings Tax Policy Center, “Tax Policy
Center Briefing Book Key Elements of the U.S. Tax System,” Page 138,
2If you were age 70 ½ or older as of 12/31/2019, you
would be required to take a required minimum distribution (“RMD”) for
2019. Effective 1/1/2020, in accordance with new legislation, the
required beginning date for RMDs for individuals who turn age 70 ½ on
or after 1/1/20 is age 72. You may defer your first RMD until April
1st in the year after you turn age 70 ½ or 72, as applicable, but then
you’d be required to take two distributions in that year.
Merrill, its affiliates and financial advisors do not provide legal,
tax or accounting advice. You should consult your legal and/or tax
advisor before making any financial decisions.
Our financial advisors are committed to putting your investing needs, wants and priorities first. Here’s how you can get started with an advisor.
Then we can provide you with relevant answers.Get started