George V. Howe

What I Learned Getting Stiffed by Sears

Sears Photo

“Well, that’s fitting as everything is always 50% off at Sears” dead-panned my husband when I told him that I sold my Sears bond for half of its face value.

I had been holding an unsecured note for three years, long before Sears filed for bankruptcy.  Unbeknownst to me, my bond had moved into default status and so I decided to sell it straight away rather than wait to see how much I would eventually get for it. Estimates ranged from 30-60 cents for each dollar of face-value, so I feel lucky to have received 50% without waiting.

 

You Don't Need to Itemize to Claim These Deductions on Your 2018 Tax Return

The Tax Cuts and Jobs Act of 2017 ushered in a number of changes impacting taxpayers at all income levels. These changes include new tax rates and adjusted income thresholds, as well as a significantly higher standard deduction ($12,000 for single filers and $24,000 for married couples filing jointly). The new law also eliminated a number of itemized deductions, while limiting others.

Are You Ready to Purchase Investment Property?

If you’re looking to diversify your investment portfolio, you may want to consider purchasing investment property. Depending on how hands-on you want to be, you may want to purchase real estate as a short-term investment; fixing up the property and then selling it immediately for profit.

On Second Thought....

On Second Thought…

By: George V. Howe

Chicago Fed National Activity Index Dec 2018

Tracking economic output has been difficult lately since so many indicators are measured by various government entities.  Even though the government shutdown is over, there are large gaps in data.

Filing Your Taxes 2019: What You Need to Know

Guest Post by Mike Baker, Life Insurance Broker/ Bank On Yourself Authorized Advisor with MacDev & SET Financial 

CPA, CA, CPA (ILLINOIS, USA), AB

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