Happy New Year’s Eve,
In order to keep the last TGIF 2 Minutes of 2025 as efficient as possible, here are a few year-end notes based on most frequently asked questions in December. Continue reading “Special Year-End Edition: Taxes & Trump Accounts”
Month: December 2025
AI & Tech (I Tried) Using in 2025
Brewing a cup of coffee using Siri and Grok was one of my biggest “AI & tech victories” of the year. (Please read below for a handful of more sophisticated versions of AI use.) Dedicated TGIF 2 Minutes readers may recall back in July the story that could happen to anyone — of being a guest at someone’s home and encountering Continue reading “AI & Tech (I Tried) Using in 2025”
Tax Strategy & a Silver Lining to Losses
With the caveat that there are still 13 trading days remaining in the year, 2025 has been surprisingly — if not shockingly — a decent year for US and global equities. Especially in years with investment gains it can make sense to search for investment losses in taxable investment accounts. Taxable accounts are non-IRA and non-retirement accounts where realizing a capital loss can offset realized capital gains in the current year, OR– capital losses can be carried forward indefinitely to offset future capital gains. A small amount, or a maximum of $3,000, of realized capital losses can be used in a tax year to offset ordinary income. Continue reading “Tax Strategy & a Silver Lining to Losses”
Heavyweight Financial Decisions
Everyone experiences times when there are more decisions to be made and times when matters coast along with relatively less decision-making required. There are various types of “big decisions”, some of which are financial and others that fall in the category of life decisions. Certain of the heaviest decisions combine financial and life aspects. This last type requires research, thought and patience.
“Heavyweight decisions” range from: