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Radical Personal Finance

506-Tax Reform, Bitcoin, Financial Tracking, A Good Cleanse...and Merry Christmas! (End-of-Year Wrapup for 2017)

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Investing, Self-improvement, Education, Business

4.21.9K Ratings

🗓️ 22 December 2017

⏱️ 75 minutes

🧾️ Download transcript

Summary

Here's today's end-of-year wrapup for 2017!

  • Joshua's thoughts on tax reform...
  • ...and bitcoin...
  • ...and your financial tracking systems for 2018...
  • ...and a good year-end cleanse...
  • oh, and Merry Christmas!

Talk to you next year,

Joshua

Transcript

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0:00.0

Everything is fuel for your creativity with the L'Anovo Yoga laptop series.

0:04.4

From the people you meet to the creators you follow, it all comes together with Lanova Yoga.

0:09.2

Plus, you get a 50 pound travel voucher and a shot at winning an awesome trip to New York and a Motorola

0:14.6

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0:19.8

Lenovo.com slash yoga, limited time only terms and conditions apply

0:23.7

engineered to do it all that's a laptop evolved with Intel Evo platform. Good Friday

0:31.5

to your radicals and Merry Christmas.

0:34.0

Today I have for you the final episode of Radical Personal Finance for 2017 and on today's show five specific topics.

0:41.0

Number one is tax reform, number two is Bitcoin. Number three is

0:45.4

your financial tracking for the new year. Number four is a year-end cleanse and

0:51.0

number five is thoughts on the future and how it impacts your life.

0:56.1

Let's start with tax reform. As a record today show a little bit earlier today

0:59.3

President Trump here in the United States signed the tax reform bill, officially known as the Tax

1:06.8

Cutts and Jobs Act of 2017. Overall I am happy to see some tax reform take place.

1:17.0

It's very hard to sort out my own personal opinions on the subject and to look at things analytically.

1:22.8

So first let's just start with analysis for you.

1:25.8

I have been looking at the text of the bill, looking at the analysis of it, and as of

1:30.6

yet I find it hard to fully ascertain the changes and the strategies that will be appropriate for you to make in the coming years based upon the tax reform bill.

1:42.0

This legislation definitely does have very significant

1:46.7

impact but probably the most significant impact will be on corporations

1:52.0

the elimination and also the elimination of the AMT,

1:55.6

the alternative minimum tax,

...

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