Please review the Merrill Guided Investing Program Brochure at
merrilledge.com/guided-investing-program-brochure for important information including pricing, rebalancing, and the details of the investment advisory program.
Your recommended investment strategy will be based solely on the information you provide to us for this specific investment goal and is separate from any other advisory program offered with us. This program is not offered through an advisor.
The Merrill Edge Select
® Portfolios are part of the Merrill Edge Advisory Program and require participation in the program to invest. In addition the Merrill Edge Advisory Program is sponsored by Managed Account Advisors (MAA) an affiliate of MLPF&S. MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisers. Investment Adviser registration does not imply a certain level of skill of training.
For full fee details, please see the Merrill Edge Advisory Account ADV brochure. Program fees include portfolio management and trading costs. In addition to the annual program fee, funds within each portfolio have their own expenses, as would individual securities. Other fees may include those mandated by the SEC; transfer, exchange and fund-redemption fees; conditional deferred sales charges; and markups or markdowns.
Immediate tax consequences will apply to some of these distribution options. You may also be subject to a 10% additional tax if you take a withdrawal prior to attaining age 59 ½.
Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Footnote 1 Earnings are generally not subject to federal income tax if a 5-year holding period requirement is met and the account owner is at least 59½ at the time such distribution is made.
Footnote 2 If you held company stock in your former employer's plan, you must take a lump sum distribution of the entire account balance to be eligible for special "net unrealized appreciation" ("NUA") tax treatment. Your company stock will not be eligible for NUA treatment if it is rolled over to a Traditional IRA, Roth IRA or New Employer's Plan. However, you may roll over the non-company stock portion of your account to an IRA, Roth IRA or a new employer's plan to preserve tax deferral for these amounts and take a taxable distribution of the company stock. You should consult your legal and/or tax advisors before making any financial decisions.
Footnote 3Prior to 2018, outstanding loan balances were required to be repaid within 60 days of leaving your job in order to avoid treatment of the balance as a taxable distribution.
Effective January 1, 2018, the deadline for repaying outstanding loan balances (or rolling them into an IRA or new employer's plan) was extended to the date of your tax filing deadline (including extensions) for the year you terminate employment. If an outstanding loan balance is not repaid or rolled over by the applicable deadline, the taxable portion of the balance will be included for federal income tax purposes, and a 10% additional federal tax may apply unless there is an applicable exception.
Footnote 4The early withdrawal tax does not apply to withdrawals of contributions to a Roth IRA. However, there is a 10% additional tax if earnings are withdrawn before the end of a 5-year holding period even if you are over age 59½.
Footnote 5If you own 5% or more of the company, you will not be able to delay required minimum distributions beyond age 70½ even if you continue to work past this age. Review the terms of your employer's plan for the rules governing required minimum distributions from your account.
Footnote 6 There is an annual fee of 0.45% based on the assets held in the account. This fee is charged monthly in advance.
Footnote 7 There is an annual fee of 0.85% on the assets held in the account.
Immediate tax consequences will apply to some of these distribution options. You may also be subject to a 10% additional tax if you take a withdrawal prior to attaining age 59½.
Investing in securities involves risks; there is always the potential of losing money when you invest in securities.
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