Where Should You Buy Bitcoin?

01/17/2025 12:21 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Where Should You Buy Bitcoin?
Different platforms, such as crypto exchanges, broker-dealer accounts, and retirement accounts, offer unique ways to buy Bitcoin, each with its own benefits and drawbacks. Understanding trading fees, custody options, and security features is key to making an informed investment decision.

Protecting Your Home in Wildfire Zones: How the California FAIR Plan Works

01/09/2025 01:18 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Protecting Your Home in Wildfire Zones: How the California FAIR Plan Works
The California FAIR Plan offers last-resort fire and property insurance for homeowners in high-risk areas where standard insurers have reduced or denied coverage, though it comes with higher costs and limited protection.

How to Make and Keep Your New Year's resolutions

12/30/2024 04:00 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
How to Make and Keep Your New Year's resolutions
By setting realistic goals, enjoying the process, tracking progress, and seeking support, you can successfully stick to your New Year’s resolutions and turn them into lasting habits.

Equity Compensation Series: Stock Appreciation Rights

12/23/2024 09:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Equity Compensation Series: Stock Appreciation Rights
Stock Appreciation Rights (SARs) allow employees to benefit from a company’s stock price appreciation without purchasing shares, offering financial rewards but requiring careful financial and tax planning to manage risks and maximize value.

Income Tax Brackets for 2025

12/16/2024 03:24 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Income Tax Brackets for 2025
The IRS announced higher tax brackets and standard deductions for 2025. Contribution limits have also been increased for HSAs and FSAs.

Take Control of Your Financial Future with a Budget for the New Year

12/12/2024 10:18 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Take Control of Your Financial Future with a Budget for the New Year
Start the new year with a practical budget by understanding your income and expenses, using strategies like the 50/20/30 rule, and adjusting spending habits to achieve financial goals.

Building Tax-Free Wealth: The Mega Backdoor Roth Conversion

12/03/2024 10:29 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Building Tax-Free Wealth: The Mega Backdoor Roth Conversion
A mega backdoor Roth conversion is an advanced strategy that allows high-income earners to contribute significant after-tax funds to a Roth account, offering substantial tax-free growth potential but requiring careful planning and awareness of potential legislative changes.

Potential and Proposed Tax Changes to Watch For 2026 and Beyond

11/27/2024 10:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Potential and Proposed Tax Changes to Watch For 2026 and Beyond
The Tax Cuts and Jobs Act (TCJA) is set to expire at the end of 2025, prompting potential changes in areas like SALT deductions, business deductions, and clean energy credits, with significant implications for taxpayers.

Universal Wallet Accounting is Coming to an End. What Does That Mean?

11/22/2024 09:31 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Universal Wallet Accounting is Coming to an End. What Does That Mean?
The IRS is ending universal wallet accounting for cryptocurrencies starting January 1, 2025, requiring investors to report transactions on an account-by-account basis, which necessitates more precise tracking and strategic tax planning.

Bitcoin Finally Really Did Reach a New All-Time High

11/13/2024 11:10 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)
Bitcoin Finally Really Did Reach a New All-Time High
Many are saying Bitcoin reached a new all-time high in March 2024. It didn't really, though. Find out why and how to determine when Bitcoin achieves a new all-time high.
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