The stepped-up basis for our children was under attack. The Biden administration wanted to either abolish the stepped-up basis altogether or alter it to generate more tax dollars. So I expect for democratic presidents and congress people will want to abolish the stepped-up in cost basis as well. If heirs are then forced to pay […]
Why The Stepped-Up Basis Must Be Preserved For Our Children Read More »
President Biden’s proposal to increase the capital gains tax from 20% to 39.6% for people making over $1 million a year sounds aggressive. Add on the Net Investment Income Tax of 3.8%, and we’re talking a total long-term capital gains tax rate of 43.4%. That’s too much in my opinion. If this new long-term capital gains
A Capital Gains Tax Hike Should Alter Your Income And Selling Strategy Read More »
I’m bullish on the housing market over the next decade. It’s one of the reasons why I bought a new forever home in 2023 and have invested over $1 million in private real estate. I plan to keep on investing in housing, especially after Trump won the presidential election and is rolling out incentives for
Why The Housing Market Won’t Crash Any Time Soon Read More »
Chances are you’ve been seeing the term NFT popping up in headlines all over the place. But what are NFTs? NFT is the abbreviation for non-fungible token. NFTs are a type of cryptographic asset that are verified using blockchain technology. Huh? WTH does that mean? If you a creator and an investor, NFTs could be
What Are NFTs And How Do I Invest In Them? Read More »
The 60/40 portfolio is a classic investment portfolio consisting of 60% equities and 40% fixed income. If you are within five-to-ten years of retirement or are in retirement, a 60/40 portfolio is a common recommendation. Thanks to a low or negative correlation between stocks and bonds, soon-to-be retirees or retirees have been encouraged to hold
The Return Of The 60/40 Portfolio Plus Alternative Investments Read More »
Are you ready to live your best life in the YOLO Economy (You Only Live Once)? I sure as hell am! I believe the YOLO Economy is here to stay for the next 10+ years post pandemic. There is huge pent-up demand to spend thanks to stronger balance sheets and higher net worths since 2020.
The YOLO Economy Is Here To Stay: How To Live Your Best Life Read More »
For someone who lived abroad for 13 years, has so far traveled to over 60 countries, and traveled constantly for work, I’m traveled out! Getting on a plane to see the world is no longer a top priority. Therefore, traveling with kids is towards the bottom of my to do list. However, if you have
Traveling With Kids: A Planning Parent’s Guide To The Great Unknown Read More »
Now that I’m focused on retirement once again, I’ve been doing a lot of planning for what’s next. One of the key items on my pre-retirement checklist is ensuring I have the right asset allocation. As I was reviewing my various portfolios, I realized that I could have been a 401k millionaire by 40 had
Could Have Been A 401K Millionaire By 40 Had I Kept My Job Read More »
Going through a pre-retirement checklist to prepare for post-pandemic life is a smart move. Like packing for a long trip, it’s easy to forget something you may end up regretting not bringing without such a checklist. Personally, I’m planning on re-retiring soon, hence the reason why I wrote this post. Retiring from a job after
A Pre-Retirement Checklist For Post-Pandemic Life Read More »
A recent WSJ piece entitled, If You Sell Your House, The Buyer Might Be A Pension Fund, caused some commotion. The article highlighted how competition is heating up for single family homes due to demand from institutional real estate investors. When I read the article, I was surprised to see Fundrise, my favorite real estate
If You Can’t Beat Institutional Real Estate Investors, Join Them Read More »
