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Investing Archives |

Virtual Currency

Surprise, the IRS is intensely interested in filers who transact in virtual currencies. They are requiring more disclosure. Starting with returns filed this year, people must answer on Schedule 1 of the 1040 whether they’ve received, disposed of, sold, exchanged or...

RMD’s and the changes

The beginning age for taking required minimum distributions rises to 72 from 70½. This easing applies to account owners who turn 70½ after 2019. So, if you turned 70½ in 2019, you must still take your first RMD by April 1, 2020. Employees who work past age 72 can...

Property Income

I have known people who get creative in having others cover their mortgage payments. I personally never had the opportunity or the courage to try what they did on my own. The first person bought his parents’ home from them in his freshman year of college.  He then...

The Vacation Home

Apparently, there are those thinking about buying a vacation home. At some point in time in the future, I will inherit half of one and have no interest in buying the other half. But second homes are now highly sought after now as Americans’ net wealth and disposable...

Frugal

I recently traded in my Mercedes.  Before I traded the car in, I needed to determine what I would drive next.  I went back and forth on a number of makes and models.  Then I sat back and thought about this from a different perspective. I thought about what is the most...

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