(Bloomberg) — Stocks are worth buying because they’ve fallen so far that further dramatic declines are unlikely, according to a top wealth adviser at Goldman Sachs Group Inc. Most Read from Bloo...
Tag: Wealth
Fidelity, ForUsAll offering 401(k) investors access to cryptocurrency
Justin Tallis | Afp | Getty Images Retirement savers in some 401(k) plans are starting to get access to cryptocurrencies like bitcoin. Fidelity Investments, the largest provider of 401(k) plans by tot...
High-net-worth donors can amplify impact with ‘recoverable grants’
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 fin...
Food and wine trips to France, Italy, Spain and the UK
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, es...
American billionaires spent a record $880 million on the U.S. midterm elections
George Soros, chairman of Soros Fund Management Nelson Ching | Bloomberg | Getty Images America’s billionaires spent a record $880 million on the U.S. midterm elections so far, with most of thei...
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 recrea...
What an inverted yield curve means for the economy
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 c...
Powerball jackpot hits $1 billion. If you win, here’s the tax bill
The jackpot for Powerball’s Monday night drawing is a whopping $1 billion. Sort of, anyway. The advertised number represents the pretax amount you’d get if you were to receive your windfal...
What ‘millionaire tax’ plans on California, Massachusetts ballots mean 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 vot...
TreasuryDirect crashes as investors try to beat key I bond deadline
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 ha...
Tom Brady and Gisele Bundchen announce divorce after 13 years of marriage
Tom Brady and Gisele Bundchen arrive at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening of “Heavenly Bodies: Fashion and the Catholic Imagination”...
More than 40% of U.S. households will owe no federal income tax for 2022
More than 72 million American households will pay no federal income taxes this year, marking a large decline from last year, according to a new analysis. An estimated 72.5 million households — o...
Sport Infinity Coin (ISPORT) Wants to Build Wealth for Early Investors
The fantasy sports industry is currently valued at about $21 billion, with the potential to grow over 4x in the next decade. This growth potential has led to the entry of several platforms, including ...
The best and worst parts about van life, and one tip before trying it
Bradley Williams “absolutely hated” his first job after graduating from college. The 28-year-old said the office environment wasn’t for him — and he quit in three months. Williams...
You must buy Series I bonds by Oct. 28 to get 9.62% annual interest
Insta_photos | Istock | Getty Images If you’re eager to secure 9.62% annual interest for Series I bonds for six months, the deadline is quickly approaching. You must purchase I bonds and receive...
How to save above 401(k) deferral limits with after-tax contributions
If you’ve already maxed out 401(k) plan contributions for 2022 and you’re eager to save more for retirement, some plans have an under-the-radar option, experts say. For 2022, you can defer...
What investors need to know about the latest crypto tax reporting rules
Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there’s been a yes or n...
Big Eyes, Shiba Inu, and Helium Are 3 Tokens That Could Generate Wealth For You In Five Years
A new cryptocurrency, Big Eyes (BIG), is arousing market interest despite the recent crypto collapse. With cryptocurrency prices plummeting and the market struggling, it could be challenging to select...
Investors can contribute up to $22,500 in a 401(k) and $6,500 in IRAs in 2023
If you’re eager to save more for retirement in 2023, there’s good news from the IRS: higher limits for your annual 401(k) plan and individual retirement account contributions. The employee...
How much income you can have for 0% capital gains taxes in 2023
If you’re planning to sell investments or rebalance your taxable portfolio, you may be less likely to trigger a tax bill in 2023, experts say. This week, the IRS released dozens of inflation adj...
From fly fishing to cycling — the popular pastimes of the ultra-rich
For the ultra-rich, fly fishing is one of the most popular ways to spend time, a new report says. GROGL via Getty Images Spending time on yachts, golf courses and the slopes of exclusive ski resorts m...
US national wealth increased by 220% in the past decade
The US has been an economic powerhouse for decades, pushing the frontiers of business, innovation, and investments worldwide. The pervasiveness of the culture and investment climate enabled the US wea...
Here are the new income tax brackets for 2023
Andersen Ross | Blend Images | Getty Images Amid soaring inflation, the IRS this week announced higher federal income tax brackets and standard deductions for 2023. The agency has boosted the income t...
Rolls-Royce has over 300 orders for its $413,000 Spectre electric vehicle
Rolls Royce Spectre Courtesy: Rolls-Royce More than 300 U.S. buyers have already put down deposits for Rolls-Royce’s first electric vehicle prior to its unveiling on Tuesday, the luxury automake...
Nearly a Third of Young Investors Say Crypto Presents Top Opportunity To Create Wealth: Bank of America Study
A new study by financial giant Bank of America reveals that young investors are losing confidence in traditional investments. The report, which was conducted by market research firm Escalent on behalf...
Family Offices Could Teach UK Banks A Thing Or Two About Uncapped Bonuses
The move was proposed by former chancellor Kwasi Kwarteng in a bid to make London more attractive … [+] for global banks and for workers amid what is being widely described as a talent shortage....
BofA warns that hot inflation might run rampant for another 10 years — here’s the 1 shockproof sector that could preserve your wealth under that worst-case scenario
BofA warns that hot inflation might run rampant for another 10 years — here’s the 1 shockproof sector that could preserve your wealth under that worst-case scenario Despite the U.S. Federal Reserve’s ...
Scotland’s Leader Sturgeon She Still Wants Independence From The UK
First Minister of Scotland Nicola Sturgeon speaks to students during an event at Stanford University … [+] in Stanford, California on April 04, 2017. – Sturgeon discussed the international...