Wealth
5 key personal finance issues this midterm election season — and what they mean for your wallet
As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets. This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses. Meanwhile, recession fears are growing, with 84% of Americans worrying how a prolonged economic […]
Read More
Powerball’s jackpot is $1.6 billion, the largest U.S. lottery prize ever. If you win, here’s how much would go to taxes
Jonathan Alcorn | Reuters If you manage to beat the odds stacked against hitting the Powerball jackpot, don’t forget you’ll have a silent partner in the win: the taxman. The jackpot for Saturday night’s drawing is now the largest U.S. lottery ever at an estimated $1.6 billion — pretax — if you were to opt […]
Read More
Op-ed: High-net-worth investors can amplify their charitable impact with a ‘recoverable grant’
Miniseries | E+ | Getty Images Anyone watching the markets this year knows that it’s been a bumpy ride. But investors and the corporate sector aren’t the only ones feeling the pinch as financial markets have fallen sharply. With an estimated 33% of all charitable giving taking place in November and December, non-profit organizations will […]
Read More
The new European vacation? Travelers are returning for trips that are all about food and wine
When Colin and Jenoa Matthes left their home state of Utah to embark on a world tour in 2019, they found themselves drawn to the food scenes in places like France and Italy. “We really loved, especially, the food in all of these different countries … and how local and specialized they were in different […]
Read More
American billionaires invested a report $880 million on the U.S. midterm elections
America’s billionaires used a file $880 million on the U.S. midterm elections so much, with most of their expending favoring Republicans, according to a new report. Billionaire investing is up 44% above the 2018 midterms, and is anticipated to strategy $1 billion by upcoming week, in accordance to Us residents for Tax Fairness, which analyzed […]
Read More
Inside the $23 million mega-mansion that Yankee Candle built
Standing at one of the five cooking islands in his kitchen, Mick Kittredge rattles off the outsized statistics for his newly listed home. Over 60 acres. Nearly 120,000 square feet of living and recreation space. A total of 14 fireplaces, 25 bathrooms, 16 bedrooms and four tennis courts. The western Massachusetts estate is so big, […]
Read More
Here’s what the inverted yield curve means for your portfolio
Catherine Yeulet | Getty Images What the inverted yield curve means Generally, longer-term bonds pay more than bonds with shorter maturities. Since longer-maturity bonds are more vulnerable to price changes, investors expect a “premium,” explained Preston Caldwell, head of U.S. economics for Morningstar Research Services. “In normal times, the yield curve slopes upwards,” he said. […]
Read More
‘Your loved ones will already be in a state of trauma.’ The ramifications of dying without a will
C.j. Burton | The Image Bank | Getty Images What happens if a loved one dies without a will? Millions of us are bound to find out, as two-thirds of American adults have no will, according to a recent Caring.com study. If a person dies without a will, or intestate, the probate court decides who […]
Read More
‘Millionaire tax’ plans are on the ballot in California and Massachusetts. Here’s what that means for taxpayers
How states plan to spend ‘millionaire tax’ revenue While the proposed taxes sound similar, there are differences in how each state plans to use the revenue. In Massachusetts, assuming voters pass the measure, the tax is expected to generate about $1.3 billion of revenue in 2023, according to a Tufts University analysis. The state aims […]
Read More
Demand for Series I bonds crashes TreasuryDirect ahead of key deadline to secure 9.62% rate
Shapecharge | E+ | Getty Images Investors crashed the Treasury Department website for Series I bonds on Friday as they clamored to lock in a record-high interest rate before a key deadline. I bonds have proven to be a bright spot for investors amid declines in the broad stock and bond markets this year. They […]
Read More