Here's our weekly Roundup of recent articles from around the web. We hope you find them to be interesting and helpful.
- Biden to propose capital gains tax hike (Kiplinger). The proposal is still under wraps, but reports say it calls for nearly doubling the capital gains rate for people earning $1 million or more — from 20% to 39.6%.
- The craziest market I've ever seen (Nick Maggiulli, Of Dollars And Data). "If you had put the three U.S. stimulus checks into Dogecoin around the time they were sent out, you would have over $300,000 now." Why? Who can say?
- Coins on the sidelines (Michael Batnick, The Irrelevant Investor). Bitcoin and Dogecoin have been getting the most press, but 45 cryptocurrencies have a market cap greater than $1 billion.
- Why should equities be fairly valued? (Joe Wiggins, Behavioural Investment). Valuations and actual value can be far out of sync — even for a long while.
- The definition of inflation (Charlie Bilello, Compound Capital Advisors). This particular definition is quite simple.
- United States financial condition worsened by nearly $10 trillion in 2020 (Globe Newswire via Yahoo Finance). Last year, the U.S. government outspent its income by a better than 2-to-1 margin.
- Pandemic seen as job creator as millions speed up retirement (Bloomberg). A Census Bureau survey finds that more than 3 million Americans have moved up their planned retirement date. But 1.4 million others are delaying retirement.
- 12 personal finance numbers you should know (Thomas Kopelman, The Long Game). Good data can help drive good decisions.
- How to leverage 100% AGI giving in 2021 (National Christian Foundation). A temporary tax provision allows you to deduct charitable cash gifts up to 100% of your AGI. That could significantly reduce (or even eliminate) your 2021 federal tax liability.
- How to buy happiness (Arthur C. Brooks, The Atlantic via MSN). Money and happiness are connected — especially if you're using your money for the benefit of others.
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