Here’s our weekly roundup — posted a day earlier than usual to make way for tomorrow’s end-of-month DAA and Sector Rotation updates.
How tax reform impacts your tax bracket and rate (Investor’s Business Daily). One example: A married couple earning $125K and filing jointly are in the 25% bracket now. Next year, they’ll be in the 22% bracket. More at the link.
5 things to do before Jan. 1 to lower your tax bill (Washington Post). The basic advice (because of next year’s expansion of the standard deduction): Do everything you can to load up on itemized deductions before 2017 gives way to 2018.
IRS says only these 2018 property taxes can be prepaid in 2017 (Marketwatch). If you’re planning to pre-pay property tax before year’s end, check out this IRS guidance first.
A great year for fund performance (Morningstar). If you’re a long-term investor, "you really can’t afford to miss years like 2017," notes Morningstar’s Russ Kinnel.
5 quick steps to improve your finances in 2018 (Kiplinger). Fodder for New Year’s resolutions.
And from the pundits and bloggers...
Changing seats (Jonathan Clements, The Humble Dollar). Is there a way to squeeze more happiness out of the dollars we spend? Yes — and it’s not complicated.
Simple, but not easy (Tony Isola, A Teachable Moment). It’s wise to keep your investing approach, but keeping it simple is harder than you may think.
That magazine cover doesn’t make Apple shares a ’sell’ (Barry Ritholtz, Bloomberg View). Ritholtz riffs on magazine covers and what they may mean (or not) for investors.
Hunt for next bitcoin will spark wilder crypto swings (Ben Carlson, Bloomberg View). If you thought bitcoin has been on a wild ride, learn what happened last week with litecoin.
Wall Street’s year-end forecasts (Eddy Elfenbein, Crossing Wall Street). With one day left in the trading year, it appears the S&P 500 consensus estimate for 2017 will miss the actual performance number by more than 14 percentage points!
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