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Alicia AdamczykFortune |
Buyers are willing to spend an extra seven figures for the needed space.
Tesla is at a crossroads. Musk's political antics aren't helping.
Many college-educated baby boomers have no intention of completely leaving the workforce.
"There’s a revolution afoot about what retirement could look like."
"As a small portion of one’s portfolio, gold could serve as a hedge against inflation, but don’t bet the farm on it."
"Being given a number gives people a feeling of clarity."
"Too many Americans, especially young people, are saddled with unsustainable debts in exchange for a college degree."
"They are transforming professional and executive career trajectories and what they may look like for generations to come."
"I don't think older generations were as worried about tomorrow as people are today."
"It makes you seem wealthy. It’s definitely bragging rights."
Jim White and his family spend their days traveling and learning about the world.
Phased retirement can benefit both employees and employers long-term.
More high-net worth individuals are hatching "escape plans."
"It’s not what you have or what you make, it’s what you keep."
"Financial shock fatigue" is holding people back.
Europe is cracking down on golden visas, but there are still plenty of popular destinations on the continent for the wealthy American expatriate.
"It’s really unfortunate that a U.S. employer wants to be able to employ someone and it’s really up to chance."
"If left unaddressed, the issue compounds very, very quickly."
In Monaco, it would take you more than double that sum.
"We’re moving into this domain where money isn't viewed as a tool or agent to prosperity, it’s viewed as something that is very limited and that...
Depending on the state you live in, you may owe taxes on federal student loan relief.
"It’s a nice little additive they can do."
But any significant changes are likely at least a year away.
There's still time to lower your tax bill for 2023.
Tax season is in full swing. Here are the basics.
"Florida is very, very favorable for someone like Jeff Bezos."
"The choices they make and habits they form while they’re young will follow them throughout their adult life."
But Americans under 40 still hold significantly less wealth than older generations.
"'We want to get it off of our balance sheet, but we don't necessarily want to have our kids and grandchildren be completely able to access it.'"
"Delaware is the king of corporate law."
"It’s terrifying to think that tomorrow you could get sick, and being sick could ruin you."
Plus other tax tips to keep in mind.
The IRS's new direct file could streamline tax season for many Americans.
If new tax legislation passes, half a million kids could be lifted out of poverty by 2025.
The oldest Gen Xers are approaching retirement. Are they ready?
The Biden administration is going down alternative avenues to cancel federal student loan debt.
"This is the number one issue that’s looming large in peoples’ minds."
"Planning early is important."
The past few months have been marked by headache after headache for federal student loan borrowers.
Affordable housing is a thing of the past for Gen Z.
Cord cutting has a sequel: The streaming purge.
Even HNW investors are worried about inflation.
Starting in 2024, employers can offer a 401(k) match for qualified student loan payments.
The majority of debt forgiveness has gone to middle-aged borrowers.
"Mortgage rates were not going to change our plans. We weren't going to base our lives on that."
Gen X is next in line to retire, but an asset management company finds the generation is staring down a savings gap that has few of them prepared.
"There’s going to be more old people doing everything. Working, traveling, eating out. It’s an unavoidable trend."
National average wages and salaries grew by nearly $15,000 from January 2021 to October 2023, according to the JEC Democrats.
A latte? In this economy?
"I do think in a weird way I totally manifested where I am today."
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