What you need to know about cryptocurrency and taxes.


Bitcoin had its coming-out party in 2017. With all the excitement and opportunities around cryptcurrency, it might be easy to forget about crypto taxation. Almost every bitcoin or other “altcoin” transaction — mining, spending, trading, exchanging, air drops, etc. — will likely be a taxable event for U.S. tax purposes.

Without a doubt, 2018 will be a landmark year for Internal Revenue Service enforcement of cryptocurrency gains. Taxpayers should stay ahead of the game rather than be reactionary. The IRS is always more lenient with taxpayers who come forward on their own accord rather than those that get discovered. Coming forward now actually could be the difference between criminal penalties and simply paying interest.

With only several hundred people reporting their crypto gains each year since bitcoin’s launch, the IRS suspects that many crypto users have been evading taxes by not reporting crypto transactions on their tax returns.

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The science behind kids’ belief in Santa


12:30pm, December 22, 2017

Over the past week, my little girls have seen Santa in real life at least three times (though only one encounter was close enough to whisper “yo-yo” in his ear). You’d think that this Santa saturation might make them doubt that each one was the real deal. For one thing, they looked quite different. Brewery Santa’s beard was a joke, while Christmas-tree-lighting Santa’s beard was legit. Add to that variations in outfits and jolliness levels.

But as I delved into the Santa-related research, I found I was wrong to think his omnipresence might throw my kids off. It turns out that the more kids see real, live Santa Clauses, the more likely they are to think he’s real. More exposure actually tracked with stronger belief, scientists reported in Cognitive Development in 2016.

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The Biggest Bitcoin Exchange Opens the Door to Day Trading


The frenzy around digital money is likely to intensify as San Francisco-based Coinbase announced on Thursday that customers will be able to purchase bitcoin and two other currencies instantly from U.S. bank accounts.

This is significant because Coinbase is the biggest U.S. bitcoin exchange and, until now, customers have had to wait for several days to receive their digital currency. Here’s the official announcement:

We are excited to announce the ability for customers to instantly purchase digital currency using a U.S. bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000* and receive access to their digital currency immediately.

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The charming story about Lulu, the CIA bomb school dropout dog.


But in these fractious times, a series of puppy photos sent by none other than the fun-loving scamps at the Central Intelligence Agency qualifies as a feel-good, stick-it-to-the-man moment, shared by thousands of people who are marooned in office jobs. Meet Lulu, the black Labrador retriever and free spirit who bucked expectations and flunked out of the C.I.A.’s explosive detection “puppy class.”

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What Really Motivates People At Work?


Two weeks ago I delivered a keynote to a group of lawyers at their annual retreat.  In an effort to underscore the fact that many companies focus on money, bonuses and vacations as a way to motivate their employees, I presented the findings of an interesting study which showed that the external factors often emphasized in the workplace, like grade performance, income after graduation, and your class rank, are either not correlated with or only weakly correlated with your well-being at work.  So if money, rank and prestige aren’t the right tools to motivate today’s workforce, what works?

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Set Up a Financial Plan Instead of Goals

financial plan

There are some people who love setting goals and do a great job reaching them every year, and then there are others who set goals and struggle to make them happen. If you are tired of living in your current situation, but you feel like setting new financial goals will not make a difference, you should try setting up a financial plan instead of setting goals this year. Your financial plan will outline what you need to do and when without the drastic changes that often come when you set goals that may not be achievable.

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One viewpoint on the relationship millennials have with money.


Half of millennials share two stressful views about money  12:55 PM ET Mon, 7 Aug 2017 

While under-35 adult Americans disagree on a lot of things — from gun control to Donald Trump to the Yankees — two pessimistic views about money unite them, a new survey concludes.

Half of Americans ages 25 to 34 said worrying about finances negatively affects their health, while 53 percent of the same group said money worries have a negative effect on their relationships, according to new survey data exclusively provided to CNBC by E-Trade Financial.

“Our biggest challenges as a generation are financial,” said certified financial planner Douglas Boneparth, co-author of the book, “The Millennial Money Fix.”

Debt — in particular, student loan debt — has emerged as a major source of stress for under-35 Americans.

Considering day trading from home? Read some advice about whether it is a good idea for you.

day trading again

Depending on your line of work, your company may offer flexible work arrangements that permit you to work from home on a regular basis.  Well day trading at home is a little different than working from home.  In this article I will ask you 10 questions to determine if day trading from home is a good fit for you.

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More kids choose summer camps that focus on finance

financial education

When Lauryn Luther earns money she is careful to set aside 15 percent in a rainy day fund right from the start. She also saves another 15 percent in an interest-bearing account for big expenses down the road, like college or a car. She then commits 30 percent to charity and spends the last 40 percent mostly how she sees fit – whether that’s on toys, a book or her favorite candy.

She’s a 10-year-old.

Lauryn is one of a growing number of children who have learned about money by enrolling in a summer camp focused on financial education.

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