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Morrison's Money Minute Newsletter

SEPTEMBER 2018

It’s back to school month (if your kids didn’t have to start in August) and time to focus in on year end tax planning. As you know, any ‘lightening up of stocks’ in the market, perhaps in response to a fear about when this bull-market bubble will burst, will most likely result in triggering short or long-term capital gains. It is MOST valuable to plan approximately what taxes you would owe, depending upon which assets you’d like to sell-especially if you have several assets of 1 type, like US Large Caps, for example.

We have Tax Clarity software that has already been useful in saving our clients well over $20,000 in capital gains taxes…and we expect more savings in the 4th quarter.

And then, there’s the age-old question of whether to pay down one’s mortgage or invest the funds-an individual choice that we can help with, for sure.

Stay Empowered,

Debra

Debra Firstname sig

 

 

 

 

Debra L. Morrison


It’s time to take another look at the taxation of capital gains

Inflation adjusting is only one of several possible changes

By Alicia H. Munnell

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The biggest financial mistake you make when you visit your doctor

Most Americans don’t make this simple money-saving choice on health care

By Kari Paul

Most Americans assume medical procedures are set at a relatively fixed cost, but they could be losing out on thousands of dollars a year by not shopping around, a new study from researchers at Harvard, Yale, and Columbia Universities found.

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Should You Pay Down the Mortgage or Invest?

By Christine Benz

As yields on safe securities slunk ever lower over the past decade, advising accelerated mortgage paydown–above and beyond what a lender requires–was an easy call.

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“An investment in knowledge pays the best interest.”

— Benjamin Franklin

 


Trump Administration Drug Pricing Proposals May Actually Raise Out-of-Pocket Costs for People with Medicare

By Julie Carter

Last week, the Medicare Rights Center submitted comments on a Request for Information (RFI) from the Department of Health and Human Services (HHS). This RFI asked for feedback on a host of potential changes touted as ways to lower prescription drug costs for people with Medicare and Medicaid.

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Did You Know?

Fee-Only financial planners are the only financial planners who work for you, the consumer, rather than in their own interests? Other financial planners’ fees are based upon commissions or fee + commissions; meaning they will sell you the financial products that will benefit their pocketbooks the most, regardless of whether they benefit you or not!


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In this issue…

  • It’s time to take another look at the taxation of capital gains
  • You could save thousands of dollars by doing one thing after visiting the doctor
  • Should You Pay Down the Mortgage or Invest?
  • Trump Administration Drug Pricing Proposals May Actually Raise Out-of-Pocket Costs for People with Medicare
  • …and more!

And don’t miss Debra’s Updated Dictionary of Useful Financial Terms!


We know you’re busy…
…and “financese” can be confusing. Why not let Debra save you valuable time by sorting through the noise for you?

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“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.”

— Groucho Marx


Here’s the new tax-advantaged way to pay alimony

When renting a car this summer, be wary of hidden fees and extra charges.

by Darla Mercado

IRAs are now a bargaining chip in alimony discussions, as long as your ex can wait to withdraw money.

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The Stock Market Is Shrinking. That’s a Problem for Everyone.

The American stock market has been shrinking.

By Jeff Sommer

It’s been happening in slow motion — so slow you may not even have noticed. But by now the change is unmistakable: The market is half the size of its mid-1990s peak, and 25 percent smaller than it was in 1976.

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Don't Forget

Buy the mini-book! 

Dictionary of Useful Financial Terms