capital gains

Dave Meyer / KPLU

As we approach the dreaded fiscal cliff, many financial pundits are sounding the alarm: “Take your capital gains now to avoid higher taxes next year!”

Should most of us be worried about this? On this week’s Money Matters, financial commentator Greg Heberlein says you should hang on to your winning investments. He tells KPLU’s Dave Meyer that the push to sell because of capital gains concerns may be the biggest idiocy since the sale of no-money-down, balloon-payment mortgages.