What do you think about bitcoin?

What do you think about bitcoin?

Q: I have been frustrated watching the red hot performance of bitcoin. Every time I get ready to buy, the so-called experts wave me off. They say it can’t go any higher, but then it hits a new record high. If I would have invested $1,000 in bitcoin when I first thought about it, my investment would now be worth over $50,000. Should I invest now?

A: If you are looking for me to tell you something different than the “so-called experts,” you have sadly come to the wrong place.

Keeping Your Holidays Happy

Keeping Your Holidays Happy

Q: Money issues are always difficult for my wife and me, but they get even worse during the holidays. She is super tight with her money and I like to have a good time. We often joke that our marriage proves that opposites attract, but the stress this causes during Christmas is no laughing matter. Do you have any ideas that can help us get through Christmas without fighting over money?

Getting the Jump on Tax Reform

Getting the Jump on Tax Reform

Now that the House has passed its version of tax reform, the tax code is one giant step closer to its most significant overhaul in a generation. The Senate is expected to begin debate in earnest next week when they return from their Thanksgiving break. Though challenging differences separate the House and Senate, it is beginning to look very possible that the President could have a bill on his desk by year-end. Even if it gets delayed until next year, it is likely that any tax bill enacted in 2018 will be retroactive to the beginning of the year. This means that you may want to act now to capture some of the current tax benefits that may be unavailable to you in the very near future.

Tax Smart Moves for Year-end

Tax Smart Moves for Year-end

Tax reform is creating a lot of uncertainty for most of us. However, despite the wrangling in Washington, there are a number of simple things you can do right now to reduce your taxes in 2017 and beyond. Here are a couple of ideas you might want to consider.

Some people think I’m crazy, but I love to take losses on my investments. Of course, I love gains more, but losses provide valuable tax benefits.

Tax Reform and the Home Buyer

Tax Reform and the Home Buyer

Q: I’ve been reading a lot about tax reform and frankly I understand very little of it. I am thinking about buying a new home and I am concerned that I will lose my mortgage interest deduction. Is there anything else I should worry about?

A: If you are thinking of buying or selling a home, you should pay attention to the proposed changes in the rules governing the home mortgage interest deduction and Section 121 capital gains exclusions.