A 74-year-old woman and her husband of nearly 30 years have a combined net worth of $7 million. As the couple prepared their estate plans, the woman struggled to come to terms with the money-savvy husband’s decision to divide their net worth equally between their two boys. She explained her confusion in a recent MarketWatch … Read more
Multi-millionaire George Appling accumulated $1 million when he was 36. He has no plans to leave his wealth to his three kids as an inheritance but would rather pay for their college, car, and other life events. Appling’s decision to part with his wealth in ways that help their children in their formative years rather … Read more
Michelle and Ryan, in their early 40s, have a net worth of $970,000 but need help with daily finances. They continue to dig into their savings for regular expenses despite Ryan earning $140,000 annually. The couple spends a lot on their three kids and avoids telling them they don’t have the money. “I don’t say, … Read more
In the midst of an unprecedented wealth surge in the U.S., financial insecurity remains widespread, even among millionaires. According to a new survey by Edelman Financial Engines, only 33% of millionaires—those with assets between $500,000 and $3 million—consider themselves wealthy. Surprisingly, many feel that even $3 million isn’t enough to provide financial security, highlighting the … Read more
The recent passing of British tech mogul Mike Lynch, often called the ‘British Bill Gates’, has sent shockwaves through the business and technology sectors. Tragically, Lynch and his 18-year-old daughter, Hannah, perished in a yacht disaster off the coast of Sicily on 19th August 2023. Yet, as the Lynch family mourns their loss, Hewlett Packard … Read more
Individuals must enrol in Medicare when they turn 65, especially if they have plans to delay retirement further. tiago tins/Pexels.com A 65-year-old woman is mulling divorce since her husband, who inherited millions from his father, doesn’t share the money with her. He forced the woman to withdraw Social Security benefits at 62, which locked her … Read more
Best-selling author and Bridesmaid for Hire founder Jen Glantz plans to retire as a millionaire and has been working to reach that goal for two years. Glantz understands it is a big task, given that she started savings for retirement in her early 30s. She chalked out a retirement plan that included contributing to a … Read more
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
According to the Capgemini Research Institute’s World Wealth Report 2024, the United States significantly outpaced the rest of the world in creating millionaires last year, adding 500,000 new ones and setting records for wealth accumulation. This information technology company collaborates with businesses to “unlock the power of technology” and offers insights into global wealth trends. … Read more
The number of millionaires in New York City has surpassed the number of people with a seven-figure net worth in the Bay Area and Singapore over the past decade. The concrete jungle, with its staggering wealth of over $3 trillion, has rightfully earned the title of the richest metro in the world, a testament to … Read more
