Mint Hill Monthly – July 2023

We hope you’re enjoying your summer.  Below are selected updates and articles from the month of July. Enjoy!

1) Starting tomorrow, Tuesday, August 1st, you can setup credentials for your Schwab Alliance account.
The merger between the TD Ameritrade and Charles Schwab platforms will take place over the Labor Day weekend, to be completed on Tuesday, September 5th (in one month). At that time, Charles Schwab will become the new custodian of all assets that are presently held through TD Ameritrade. 

If you hold accounts at TD Ameritrade, please setup your Schwab credentials right away to ensure you’re ready to “hit the ground running” when assets move over on September 5th. Beginning tomorrow, you can do this by logging into your TD Ameritrade account at, clicking “Create Schwab login” (as shown below), and following the prompts. As you do, please note the following:

  • This transition will occur behind the scenes. Aside from setting up your Schwab credentials, no action will be needed from you.
  • If you don’t already have credentials at, no problem – click “Set up my profile” to create new credentials, and then proceed to creating Schwab login.
  • Don’t forget – we’re here to help!  If you run into any issues establishing credentials or have questions of any kind, don’t hesitate to reach out to us.


2) Below are several articles we came across over the last month that we thought you might find interesting.

  • Top 1% Income Earners In Every US State.  Read Article  Have you ever wondered what it takes to be a top 1% income earner?
  • The “You-Make-A-Lot-of-Money” Tax Hits More Americans.  Read Article  The Net Investment Income Tax (NIIT) is a surtax applied to high income earners from sources like interest, dividends and capital gains. Since the tax took effect in 2013, the number of tax payers impacted has doubled. Learn more about this tax and also some potential strategies to combat it.
  • High-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break.  Read Article  Starting next year, high income earners will lose the ability to make catch-up contributions to their 401(k)s on a pre-tax basis. Instead, they will only be permitted to do so on a Roth after-tax basis. This article explains this change and how it may be a blessing in disguise for those it impacts.
  • Delaying Social Security? Here’s How Long It Could Take to Break Even.  Read Article  There are many factors to consider in determining when to begin taking social security benefits. Trade-offs, trade-offs, everywhere…

As always, please reach out with any questions or if we can be a resource to you!

Warm regards,

Tyler Anderson, CFP®

Tyler Anderson, CFP®
Mint Hill Wealth Managemen

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