Tax Reform, Year-End Planning
Dec
28

As you may have seen from our prior post, Year-End Tax Tips, In Light of Tax Reform, the new tax law that passed last week put a cap on the aggregate of the property tax & state tax deductions in 2018 at $10,000.  This will apply to any payments made for property taxes OR other state taxes in 2018.  There has been a lot of speculation about...
Tax Reform, Year-End Planning
Dec
22

The end of the year is traditionally a good time to tackle tax planning. You have an idea of what your total income will be, so you can make decisions with an eye on tax efficiencies. This year, the back-and-forth on tax reform has narrowed the window of opportunity a bit. Now that comprehensive tax reform has passed the House and Senate and will soon be...
Bitcoin, Beaird Harris, Tax, Wealth Management, Investment
Dec
21

Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper notes or metal coins are involved. No central bank issues the...
Senate Passes Tax-Reform Bill
Dec
05

Early Saturday morning, the U.S. Senate passed the “Tax Cuts and Jobs Act, H.R. 1.”  As reported by the Journal of Accountancy, “The Senate bill also differs from the version of H.R. 1 that the House of Representatives approved on November 16th. This means that the two houses will have to hold a conference to reconcile the differences between the bills...
Dec
04

Focusing on what you can control can lead to a better investment experience. Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely ask yourself some of the questions below. Trying to answer these questions may be intimidating, but know that you’re not alone. Beaird Harris is here to...
The Uncommon Average, Tra Sullivan, DFA, Beaird Harris, Stock Market
Oct
04

“I have found that the importance of having an investment philosophy, one that is robust and that you can stick with, cannot be overstated.” —David Booth The US stock market has delivered an average annual return of around 10% since 19261.  But short-term results may vary, and in any given period stock returns can be positive, negative, or flat...
Identity Theft
Sep
15

In response to several inquiries around the recent Equifax security breach – which compromised the personal information of as many as 143 million Americans – we wanted to alert you as to steps you can take to help ensure your identity is protected.  Here’s what you need to know. What happened? Equifax Inc., one of the three major credit reporting...
Financial Crisis
Sep
11

It will soon be the 10-year anniversary of when, in early October 2007, the S&P 500 Index hit what was its highest point before losing more than half its value over the next year and a half during the global financial crisis. Over the coming weeks and months, as other anniversaries of major crisis-related events pass (for example, 10 years since the...
Hurricane Harvey
Sep
01

It has been difficult for all of us in North Texas to watch the devastation of the aftermath of Hurricane Harvey unfold on our neighbors in the Houston/Corpus Christi area, and all along the Texas coast. Many of our clients, as well as some of us at Beaird Harris, have friends and family directly affected by this horrible disaster. Our thoughts and prayers...
Estate Planning
Jul
18

One of the most important considerations in an estate plan is who will take care of your children if something happens to you and your spouse.  If you fail to designate a guardian, the court will be forced to choose one for you.  As you can imagine, this can result in unnecessary family conflict and financial expense.  You can avoid this...