It might surprise you to learn that the top 25 wealthiest people in America paid only $13.6 billion in federal income taxes between 2014 and 2018, despite their total income increasing by $401 billion during that period. This equates to a true tax rate of just 3.4%. Given that 2024 tax rates range from 10% … Read more
A woman living in Los Angeles with her husband was love-bombed into marriage only to find out the guy is planning to “bleed her dry” off her wealth. She told MarketWatch that she is planning her escape after five years and has a 401(k), $140,000 in a savings account, and owns a home she bought … Read more
American businessman and the author of “Rich Dad Poor Dad,” Robert Kiyosaki, indicated in multiple posts on X this month that the best time to “get rich” is approaching soon. He added that we must overcome a major crash in real estate, bitcoin, gold, and stock prices before markets start climbing for years in late … Read more
Data from Quiver Quantitative suggests that if you had followed Pennsylvania Representative Dan Meuser’s investment trades since August 2019, your portfolio would have generated 512% returns to date. He is among several Congress members, like Former House Speaker Nancy Pelosi and Democratic Senator Sheldon Whitehouse of Rhode Island, who made triple-digit returns over the years. … Read more
In a surprising turn of events, US President Joe Biden has announced his withdrawal from the presidential race, endorsing Vice President Kamala Harris as his successor. This move shifts the spotlight onto Harris and her husband, Doug Emhoff, who have both built substantial careers in public service and amassed significant wealth through a diverse portfolio … Read more
More people are increasingly paying attention to retirement planning, as older millennials near 45 and GenZ are starting serious financial planning earlier, with some planning to retire by 60. The growing trend of more conscious spending and saving for the future amid looming risks of Social Security benefits reductions within a decade has led to … Read more
Personal finance expert and former CNBC host Suze Orman told Benzinga last month that Americans planning for retirement should put as much money as possible into a Roth IRA account. Roth IRAs are individual retirement accounts that allow you to contribute post-tax money from your paycheck that grows tax-free. For 2024, the annual contribution limit … Read more
Prioritizing retirement savings is a wise decision in the post-pandemic world of job uncertainty, wage growth slump, elevated inflation and living costs alongside the high cost of borrowing. What’s more concerning is that the Social Security benefits could drop in 2033 as fewer employees are left to contribute (via payroll taxes) to the workforce’s future … Read more
The number of people in the US looking for financial advice has soared since the pandemic and continues to climb rapidly. According to research from Statista, assets under management (AUM) in the US financial advisory market could reach $62.61 trillion in 2024 from $56.83 trillion in the year prior. More people seeking financial advice make … Read more
