Jeffrey Coolidge | Photodisc | Getty Images The IRS is working to boost its audit rates for the wealthiest Americans, according to a statement recently released with the agency’s annual Data Boo...
Tag: Wealth
Deflation Looms for Overstocked Retailers as Household Wealth Shrinks
Deflation Looms for Overstocked Retailers as Household Wealth Shrinks getty To the list of economic headaches plaguing consumers and retailers these days, consider an old truism: what goes up must com...
First time on a yacht? Avoid these 7 amateur mistakes
While most of the travel industry struggled to get back on its feet, the yachting industry had a different problem during the pandemic: serving everyone wanting to charter a boat. Like the rise in pri...
Investors revisit muni bonds amid higher yields and strong credit
David Jakle | Image Source | Getty Images It’s been a tough year for municipal bonds, with investors cashing out amid rising interest rates. However, higher yields and strong credit may be spark...
Need to tap your 529 college savings? How to handle a market downturn
Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings ...
Michael J. Garry Of Yardley Wealth Management LLC Talks To Us About His New Book And More
Privacy settings Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. &#...
Wealth Of Pan Pacific International’s Founder Falls Despite Retailer Posting Record Earnings
This story appears in the June 2022 issue of Forbes Asia. Subscribe to Forbes Asia Takao Yasuda Takao Yasuda This story is part of Forbes’ coverage of Japan’s Richest 2022. See the full list here. For...
Global Headwinds Knock Down Collective Wealth By A Third
Tadashi Yanai Kiyoshi Ota/Bloomberg This story is part of Forbes’ coverage of Japan’s Richest 2022. See the full list here. Soaring energy and commodity prices, exacerbated by the war in Ukraine, dash...
Beach house inventory is up, prices are down
The rental market in the Hamptons is facing an unexpected chill this summer. After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of...
These Five Billionaires Fortunes Sank By $300 Billion
Five billionaires lost a total of $300 billion recently as their fortunes plummeted during the recent market downturn, according to the Bloomberg Billionaires Index, which is a daily ranking of the wo...
A look inside the Boca Raton mansions commanding Miami Beach prices
The $28.5 million mansion that recently hit the market in Boca Raton, FL located at 2633 Spanish River Rd. Danny Petroni Ultra-high-end real estate in Boca Raton, Florida, is on a stratospheric rise, ...
Chicago RIA Cresset To Form $27 Billion Multi-Family Office By Merging With Minnesota’s Meristem Family Wealth
Cresset Capital manages finances and estate and tax planning for more than 1,100 high net worth … [+] families. Getty Cresset Asset Management, a multi-family office and private investment firm ...
‘Real wealth destruction’: This Deutsche Bank chart shows what could happen to assets in a repeat of the stagflationary 1970s.
While the decade is still young, if inflation sticks around for the next few years, things could get pretty ugly for investors. That’s according to this chart from Deutsche Bank, which shows how a ran...
Still missing your tax refund? You’ll soon receive 5% interest
Bill Oxford | E+ | Getty Images If you’re still waiting for a tax refund, there’s a silver lining: it may be accruing interest, and the rate jumps to 5% from 4% on July 1, according to the...
Firms to watch with housing shortage set to benefit homebuilder stocks
Ariel Skelley | Digitalvision | Getty Images The double whammy of a declining stock market and rising interest rates has been pummeling homebuilder stocks this year, resulting in rock-bottom valuation...
NFTs, Greek myths, Hayao Miyazaki
With summer around the corner, the wealthy are preparing their lists of elevating beach reads. And this year, their Goyard tote bags are likely to be filled with books about innovation, technology and...
Tax breaks aren’t prime reason for high-net-worth philanthropy
Maria Teijeiro | OJO Images | Getty Images Tax breaks aren’t the primary incentive for philanthropy among the ultra-wealthy, according to BNY Mellon Wealth Management’s inaugural Charitabl...
from yachts to the United Nations
Many people occasionally travel for work. But for some, travel is at the heart of their jobs. CNBC Travel spoke with people from four industries about occupations where working from home — or an offic...
15 Ways Consumers Can Deal With—and Even Benefit From—Rising Inflation
We are feeling the squeeze everywhere—from the groceries we buy to the gas we pump into cars. Inflation stood at 8.3% in April, remaining close to a four-decade high of 8.5% reached in March from the ...
Series I Savings Bonds: What Readers Want to Know
A popular investment backed by the U.S. government recently became even more attractive, especially for tax-smart investors who are worried about inflation. I wrote about the tax advantages and other ...
Saudi Wealth Fund Takes $1.5 Billion Stake in Alwaleed’s Firm
(Bloomberg) — Saudi Arabia’s sovereign wealth fund has bought a $1.5 billion stake in the investment company of billionaire Prince Alwaleed Bin Talal, who previously reached an undisclosed deal ...
A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs
(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Most Read from Bloomberg Americans’ collective net worth had been climbing a...
Nomura now expects the Fed to hike interest rates by 75 points in June and July — here are 3 stocks to help protect your wealth this summer
Nomura now expects the Fed to hike interest rates by 75 points in June and July — here are 3 stocks to help protect your wealth this summer The Federal Reserve has voiced its desire to calm spiking in...
Brown Harris Stevens CEO calls real estate reality TV ‘horrible’
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible”...
Mercedes-Benz 300 SLR Uhlenhaut Coupe sells at auction for $143 million
1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe Courtesy: RM Sotheby’s An ultra-rare Mercedes-Benz race car sold for $143 million earlier this month, making it the most expensive car ever sold. RM So...