Asset Planning, Inc Blog

The latest from the team.

Changes to TD Ameritrade's advisorclient.com

Dear Clients with TD Ameritrade accounts

Please read the below announcement from TD Ameritrade detailing the changes to advisorclient.com especially the part about the new two-step security log in option.  

Please be aware the updates to the website have caused some log in problems. TD Ameritrade technical support is aware and working on correcting the issues. You may not be able to log in temporarily.

  

 
 

 

New Login Page

The login page has been redesigned. You will continue to access the site using the same web address, www.AdvisorClient.com. Once logged in, the experience will remain unchanged for now.

TD Ameritrade Institutional

 

New Two-Step Security Feature

The new two-step security feature will allow you to replace your security questions with either a text-based alert or phone call in order to validate your identity. To set this up, you will need to access the new AdvisorClient site by clicking the "Try the new AdvisorClient site now" banner on the current site. Once on the new site, all you have to do is click your name on the top right of the website, and select My Profile. Under the Security and Preferences section, you can click Two-Step Verification and then follow the instructions.

Streamlined Client Enrollment Process

If you do not already have a login, you can enroll at www.advisorclient.com/getstarted. All you need is your account number and access to the phone number we have on file at TD Ameritrade Institutional.


Try Out the New AdvisorClient Experience

If you already have a log in for advisorclient.com, you can try out the new AdvisorClient experience by clicking the "Try the new AdvisorClient now" banner once logged in to the current website. New features include:

 

Upcoming cash activity: Provides details on upcoming cash disbursements and deposits

 

Retirement information: Contributions, distributions, and RMD information are easily found on the landing page

 

Position level gain/loss information: Sourced directly from our cost basis engine, Gainskeeper

 

Tax document e-delivery enrollment: Clients have the ability to opt into electronic delivery of tax statements in lieu of receiving a paper mailing

 

Balance history chart: Provides a historical depiction of the clients account value over time

 

The new AdvisorClient site can be set as your default view by clicking "Set as default" from the green banner on top of the screen.

Let us know if you have any questions about the new AdvisorClient website. Just call TD Ameritrade Institutional Technology Services at 800-400-3500 option 3 and they'll be able to help.

Continue reading
  5784 Hits

Earned Income and Social Security Tax

We came across an article on InvestmentNews.com written by Mary Beth Franklin. It gives a great explanation as well as examples and limits on how Social Security benefits are taxed if you are planning on working while collecting social security. Definitely worth a read if you have any income from other sources while collecting Social Security.

 

Click here to read the full article

 

 

Continue reading
  1593 Hits

IRA & 401k Contributions Increase for 2019

2019 annual contribution limits for eligible tax filers:

401(k), 403(b), most 457 plans, and Thrift Savings Plan is increased from $18,500 to $19,000.

IRA contributions increased from $5,500 to $6,000 per year. The age 50+ catch-up contribution limit remains at $1,000.

Tax deduction and Income limitations for 2019:

Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or their spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor their spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.) Here are the phase-out ranges for 2019:

If single or joint married taxpayers are not covered by a work retirement plan, they may fully deduct traditional IRA contributions. Other tax filers may partially or fully deduct contributions if they meet the below exceptions:

  • Single taxpayers covered by a work retirement plan, can fully deduct if modified Adjusted Gross Income (AGI) is below $64,000. A partial deduction is allowed if modified AGI is between $64,000 to $74,000
  •  Married Joint taxpayers, where the spouse making the IRA contribution is covered by a workplace retirement plan, can fully deduct if modified AGI is below $103,000. A partial deduction is allowed if modified AGI is between $103,000 to $123,000
  • Married Joint taxpayers, where the spouse making the IRA contribution is not covered by a workplace retirement plan, but the other spouse is, can fully deduct if modified AGI is below $193,000. A partial deduction is allowed if modified AGI is between $193,000 to $203,000

The Modified AGI phase-out range for Roth IRA contributions is $122,000 to $137,000 for singles and heads of household, $193,000-203,000 for married couples filing jointly.

Continue reading
  1530 Hits

2019 Medicare and Social Security Changes

Medicare just released the new premiums, deductibles and coinsurance amounts for 2019.

The standard monthly premium for Medicare Part B enrollees will be $135.50 for 2019, an increase of $1.50 from $134 in 2018.

The annual deductible for all Medicare Part B beneficiaries is $185 in 2019, an increase of $2 from the annual deductible $183 in 2018.

If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you'll pay the standard premium amount and an Income Related Monthly Adjustment Amount (IRMAA)

Here is a chart for reference

Medicare Premium Chart 2019

Social Security announced that in 2019 there will be a 2.8% Cost of Living Adjustment(COLA).

Continue reading
  2151 Hits

****Newsletter Correction****

In the Large Vacation and Purchase planning article the married couples income would need to be over $170,000, not 107,000 to see an increase in premiums. So sorry for any confusion this may have caused.

Continue reading
  1435 Hits

Wedding Bells!

Kats Wedding Family Web

From left to right-Kimberly, Dexter, me, Kat, Luke, Jorge, Kyle

The highlight of my summer was the wedding of my youngest daughter, Kat, to my new son-in-law, Luke. They were married at Old Ranch Country Club in Seal Beach and it was a beautiful day! He is from Australia and we had quite a fun wedding with the visiting Aussie relatives. The whole family was involved in the wedding, even Dexter (our dog) – he was the flower dog! The planning and details that go into planning a wedding are intense and if you ever need any referrals for photographer, florist, etc. just let me know. We had a great team.    

 

Continue reading
  1909 Hits

Trump's Proposes to Extend RMD Age

President Trump issued an executive order directing the Treasury Department to extend the age for required minimum distributions from retirement accounts. Currently the age is 70 1/2. His reasoning is that people are working and living longer. This can be good news for some of our clients who don't necessarily need to take the withdrawals at 70 1/2. Here is an articles from Forbes with some pros and cons to the proposed change.

Read Here

Continue reading
  1704 Hits

Informed Delivery by the United States Postal Service

I just found out about a very useful service that the United States Postal Service offers and one that Sandy has been using for a while. It is called Informed Delivery and it sends you a daily email with an image of the mail you will be receiving each day. It is completely free and easy to sign up. I went to USPS.com, logged into my existing account (If you do not already have an account you will need to create one) and under user preferences you can opt into the service. They do verify your identity so no one else can sign up to see your mail. They ask specific questions about you, where you have previously lived etc. This is a great way to know if anything ever goes missing from your mailbox. They even have a link in your daily email to report a piece of missing mail.

Here's an example of my dashboard on the site.

USPS Informed Delivery Dashboard

Signing up for this service is another way to stay one step ahead of identity theft that is so prevalant right now.

Have a great Holiday Weekend!

Melani

Continue reading
  1683 Hits

Not Just Tourists- Volunteer Opportunity and Suitcase Donation Drive

Not Just Tourists is a non-political, non-religious, volunteer run program that collects unused medical supplies for those in countries who can't afford them. They collect these supplies from hospitals, clinics, medical suppliers and individuals, pack them in a suitcase and send them with a person traveling to a country in need. The travelor checks the suitcase in on their flight and then delivers the suitcase to a local clinic in the country that they are traveling to. When we heard about this program we just knew that we would have clients who would be interested in helping out during their travels.

Ways you can help:

Volunteer

Donate Suitcases

Donate Medical Supplies

Take Supplies

We will be collecting suitcases at our office to donate to the Orange County Chapter of Not Just Tourists. They prefer donations of full-sized suitcases, but they welcome carry-on size as well. Suitcases should be clean, not too heavy or large, close easily and not be broken or badly torn.

The deadline to drop off your suitcases to our office is Thursday, August 30th.

Our Address

Asset Planning, Inc

10833 Valley View St, Ste 470

Cypress, CA

90630

For more information about the program or to sign up to take a suitcase of supplies with you please go to their website Not Just Tourists.

There you will find detailed FAQ page with any questions you may have.

Continue reading
  1654 Hits

Update: REAL ID Act

Back in June we notified you of a new Federal act that goes into effect October 1, 2020. This act will require anyone boarding domestic flights, entering military bases or federal facilities to have a REAL ID. It can either be a REAL ID driver license or a REAL ID identification card and they are issued by the California DMV.

We are being told by clients that appointments to get a new REAL ID are now being scheduled two months out. I just tried to schedule my appointment this morning and the next available appointment is not until October 1st. That's not even including the time it will take for the ID to get to you in the mail.

We strongly urge you to take a moment to schedule your appointment today. You probably won't realize how many places you will need this ID to get into until the act goes into effect. Better to be safe than sorry!

 

 

Continue reading
  1349 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
401K FSA interest rates card reader increase news coverage cell phone SIM swap scam D premiums home mortgages home emergency kit account numbers birth certificates scams Kiplinger Letter interest blog post tax deadline Orange County 20 year anniversary April 15 VOIP landline phones TD Ameritrade cell phone carriers offer pet donation drive official certification coronavirus Auto insurance Healthcare Coronavirus Aid Supplemental Security Income emergency kits offering insurance https :// ice cream information life saver wells Fargo Financial Planning Magazine September 9 4 pm -8pm Open House driver license 70 1/2. https ://seekingalpha July weekend 900 number client portal drive /usb Independence Day pet industry jury duty clone counterfeits web address Labor Day credit monitoring service July 3 rd credit card fraud Treasury Department Amazon tax records January 10 policy IRA accounts operations manager Two-Step Verification relief efforts contribution limit estate planning email notifications Legal robocalls CERTIFIED FINANCIAL PLANNER exam CARES Act opt-out phone credit score phishing sites Retirement Contribution Limits asset Planning earnings fallout donation counts retirement memorial Day weekend Medicare Part B premiums Ice Cream Social markets Asset Planning Medicare question paper records ice cream event credit card company estate planning direction debt Expired medications text messages Part D premiums . Federal Trade Commission website trust non-prescripstion sunglasses 2017 Equifax breach president Trump donation items emergency folder insurance policies Charles Schwab paperwork clutter fun facts spread Brexit vote “ skimmer ”. pets estate family members Wells Fargo customers 2017 IRA contributions phishing scams Social Security banking settlement options September 8 Medicare plan breach portal executive order Erin Nelsen summer consumer spending information Facebook Victor Dergunov assets Open Enrollment Orange County Superior Court water … team members Wells Fargo employees partner /owner flash drive fees bottom line Medicare Kraig Mathias California Lions Friends fun atmosphere identity thieves phone companies credit freeze money credit cards pet supplies health care services September 30 2020. Social Security Administration spring cleaning April 18 2017. Economic Security tax returns CA FTB IRS deadline items February 14 investment statements home security gap insurance April 11 DNA test kits home break-ins check lists tax deadlines cell phone provider media accounts June 29 October 1 2020. FEMA website privacy settings cell phones records insurance policy student loans emergency kit Medicare Advantage Shred paperwork COVID -19 virus years chip-enabled EMV cards identity theft vision screening 23 andme Notary Public National Ice Cream month prescription eyeglasses illiegal robocallers self-help topics home emergency preparedness kits retirement accounts people medications documents stock pile tax filing deadlines IRS EEChecklist-Kits.pdf stockpilingchecklist.pdf Medicare Part B borrowing money earthquake app ID card disaster areas Puerto Rico cell phone service provider spam phone stimulus package payments toilet paper checklists Affordable Care Act Flexible Spending Account clients show support hurricane Dorian rescue organizations integral member tax season business hours 2017 TD Ameritrade National LINC Conference privacy notices padlock Part B Roth IRA clients CFP ® retirement plans pet 2018 IRA contributions Mobile Banking Security Tips notary services home car loans market turmoil app company house sitter health care costs holidays approach July 4 July 6 Joey Gonzales retirement planning vacation Fox News story trustee Facebook profile parking spots cell phone carriers