How The Rich Use Insurance to Pass Down Wealth

second to die policy A second-to-die policy is designed for couples who want to share a life insurance policy with specific beneficiaries, such as children and grandchildren. The life insurance compan...

$14.9 million palatial estate priced to break a local record in CT

Hidden behind a stone wall spanning 1,500 feet in one of Connecticut’s wealthiest neighborhoods is a palatial estate with a great room inspired by a Scottish castle. The brick-and-limestone resi...

Here’s what investors need to know about single-stock ETFs

Oscar Wong | Moment | Getty Images Most investors think of exchange-traded funds as a simple way to buy a diversified basket of individual stocks tracking an index or with exposure to a particular the...

Classic car auctions in Monterey score a record $469 million

Wealthy car collectors shrugged off recession worries and spent over $460 million at classic car auctions in Monterey this weekend, according to insurance and lifestyle company Hagerty. Over 790 cars ...

How much does it cost to travel full time? Here’s what one couple pays

Ernestas Tyminas felt “stuck” in his role as a marketing manager at a newspaper in Colorado Springs, Colorado. So he requested two months off to backpack through Asia, he said, landing in ...

Crypto Market Cap Could Burst to $200,000,000,000,000 Amid Largest Wealth Accumulation in History: Macro Guru Raoul Pal

Former Goldman Sachs executive Raoul Pal says an explosion of the crypto market cap by 200x in the next decade is within the realm of possibility. In a new interview with crypto analyst Scott Melker, ...

What stock buybacks are, and how a new 1% tax affects your portfolio

U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Frantz | Reuters The new 1% excise tax on cor...

5 most expensive cars up for sale at Pebble Beach

1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars up for auction in Monterey, California, this week are expected to shatter records. Auction sales at the Montere...

How to buy an ESG fund now that Inflation Reduction Act is law

Simonskafar | E+ | Getty Images ESG funds have become more popular Steve Cicero | Photographer’s Choice | Getty Images Funds that allocate investor money according to ESG issues held $357 billio...

What to do on the island of Jersey? Beaches, food, hotels and tunnels

It’s an island that is closer to France than to England — yet it is part of the British Isles.  It’s home to miles of tunnels built during World War II — but by German rather than British ...

Sea’s Stock Plunge Adds to Forrest Li’s $17 Billion Wealth Drop From Peak

(Bloomberg) — Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling to gauge an increasingly uncertain global economic out...

IRS interest jumps on Oct. 1. How much you’ll get for a missing refund

How to calculate your interest The interest is an annual rate compounded daily, meaning you divide the 6% rate by 365, explained Tommy Lucas, a certified financial planner and enrolled agent at Moisan...

Kevin O’Leary says sovereign wealth funds want Bitcoin

A recent YouTube post from Anthony Pompliano showed snippets of Kevin O’Leary talking about Bitcoin interest from sovereign wealth funds (SWF). SWF refers to state-owned investment funds, usually fund...

CNBC Chairman Mark Hoffman to step down in September

Mark Hoffman, Chairman of CNBC Mark Hoffman, CNBC’s president since 2005 and chairman since 2015, announced Tuesday he will step down on Sept. 12. Hoffman is leaving of his own accord. NBCUniver...

Investors flock to green energy funds as Congress passes climate bill

The expansion of renewables comes at a time when concerns about the speed of the planet’s shift away from fossil fuels have been heightened following Russia’s invasion of Ukraine. Imaginim...

Will Ethereum Flip Bitcoin? Kevin O’Leary Says Sovereign Wealth Funds Will Determine Top Crypto by Market Cap

Prominent venture capitalist Kevin O’Leary believes a certain group of deep-pocketed investors will dictate whether Bitcoin (BTC) remains the top crypto asset by market cap. In a recent installment of...

Investors are piling into junk bonds. What to know before buying

Investors have been pouring money into high-yield bonds, which typically pay more interest for taking on greater risk. But these investments are also known as “junk bonds,” and financial e...

Nickel Asia’s Manuel Zamora Jr. And Philip Ang See Wealth Fall As Global Headwinds Hit Philippine Stocks

This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia Manuel Zamora Jr. (left) and Philip Ang Nickel Asia This story is part of Forbes’ coverage of Philippines’ Richest ...

The Double Whammy Of A Plunging Peso And A Weak Stock Market Knocked Down Collective Wealth

Teresita Sy-Coson SM INVESTMENTS This story is part of Forbes’ coverage of Philippines’ Richest 2022. See the full list here. The Philippines’ economy grew 8.3% in the first quarter of 2022, as domest...

Inflation Reduction Act limits pass-through tax break for 2 more years

Senate Majority Leader Chuck Schumer, D-N.Y., discusses the Inflation Reduction Act on Aug. 7, 2022 in Washington, D.C. Kent Nishimura | Los Angeles Times | Getty Images Senate Democrats curtailed a t...

With 87,000 new agents, here’s who the IRS may target for audits

Jeffrey Coolidge | Photodisc | Getty Images As the Democrats’ spending plan moves closer to a House vote, one of the more controversial provisions — nearly $80 billion in IRS funding, with $45.6...

On rare days, markets rise 10%. How to make sure you’re there for it

Gzorgz | Istock | Getty Images “It was the best of times, it was the worst of times.” With those classic words, author Charles Dickens famously opened his historical novel “A Tale of...

Climate change is making some homes too costly to insure

Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural di...

Key To Building Wealth In Times Of High Inflation

Annual inflation in the US accelerated to a 9.1% A decentralized system that allows individuals to trade directly with one another DeFi certainly offers people an opportunity to invest in deflationary...

Swiss Wealth Manager Pictet Claims Crypto Has No Future in Private Banking

– Advertisement –   According to Pictet Group, there is currently no place for cryptocurrency in private banking. Even though a growing number of private banks, such as Julius Baer, LGT, G...

Swiss wealth manager cautions crypto ‘has no place in private banking’ for now

The recent cryptocurrency market rout has warranted financial organizations around the world to take a more cautious approach to the budding asset class, with one wealth manager warning against invest...

Embryos can count as dependents on 2022 state tax returns in Georgia

Anti-abortion activists demonstrate outside the Supreme Court of the United States in Washington, June 13, 2022. Evelyn Hockstein | Reuters Residents of Georgia may now claim embryos as dependents on ...

Elevate Yourself To The Next Level Of Wealth:…

If you’re looking to elevate your portfolio into the stratosphere and hopefully take you into the next level of wealth, you’re in the right place. There are still plenty of opportunities t...

Just How Rich Do You Have to Be to Need Wealth Management?

Wealth management services are some of the most high-level and comprehensive financial services that exist. While financial planning services can help with individual financial matters, and asset mana...

4 key considerations if you hit $1.28 billion Mega Millions jackpot

1. Breathe Instead of impulsively rushing to lottery headquarters to claim your prize, take a deep breath. You have some time to claim your prize — anywhere from three months to a year, depending on w...

House Democrats push for Biden’s billionaire minimum income tax

Erik McGregor | LightRocket | Getty Images As Democrats plow forward with a slimmed-down reconciliation package, House lawmakers are separately pushing another piece of President Joe Biden‘s age...

New Zealand’s borders are fully reopening after more than two years

After more than two years, New Zealand is fully reopening its borders and welcoming back all international travelers. The country is reopening on July 31, some three months earlier than previously ann...