Wealth

In this article LIND Follow your favorite stocksCREATE FREE ACCOUNT It felt as if we had the jungle to ourselves. As we explored Costa Rica’s Corcovado National Park, we spotted rare birds, spider monkeys — even a sloth and her infant — among the trees of the rainforest. It was one of many experiences I

Courtneyk | E+ | Getty Images Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report. Twenty-eight percent of all U.S. households have an overly rosy view: They think they’re on track to maintain their standard of living in retirement

George Soros, billionaire and founder of Soros Fund Management LLC, speaks during an event on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, May 24, 2022. Bloomberg | Bloomberg | Getty Images Philanthropist billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son

AsiaVision | E+ | Getty Images LAS VEGAS — If you received a tax penalty notice from the IRS, it’s possible to get the fees waived in certain situations, tax experts say. The lesser-known first-time penalty abatement provides relief for otherwise compliant taxpayers. “It’s like a get out of jail free card,” said Rosemary Sereti,

Recreational cannabis was still illegal when Nancy Whiteman left her high-paying consulting job to cook edibles in Boulder, Colorado, in 2010. Four years later, the state legalized retail sales of marijuana, and Whiteman’s gamble paid off. The 64-year-old founder of edible cannabis company Wana is now one of the richest self-made women in the U.S.,

Traders work on the floor of the New York Stock Exchange.  NYSE Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. More than a third of millionaire investors, 34%, report keeping more of their money in cash, according

I’m standing in one of the “most expensive hotel rooms” in the world. Per square meter, that is. That’s according to Matthieu Ollier, manager of the Venice Simplon-Orient-Express, who said the train’s Grand Suites cost 24,000 euros ($25,850) for a one-night trip from Venice to London. That’s $2,000 per meter — if you can secure

Erin M. Collins, National Taxpayer Advocate Source: IRS LAS VEGAS — After a difficult three years for taxpayers, the IRS has made significant improvements. But there’s still work to do, according to the National Taxpayer Advocate Erin Collins. “This filing season has probably been as close to normal as possible,” she said, speaking at the

Travelers can avoid paying some of Bhutan’s daily tourism fees, as long as they stay at least five nights. Last week, Bhutan announced changes to its Sustainable Development Fee which made headlines after it jumped from $65 to $200 a day when the country reopened its borders in September. Travelers who pay the SDF for

Presidential candidate and Florida Gov. Ron DeSantis speaks to a crowd in Gilbert, South Carolina, June 2, 2023. Sean Rayford | Getty Images Florida Gov. Ron DeSantis is the favorite Republican candidate among millionaires, although their support for former President Donald Trump is growing, according to the CNBC Millionaire Survey. Only 32% of millionaire Republicans

Donald Gruener | iStock | Getty Images LAS VEGAS — Tax savings aren’t typically the main reason for philanthropy. But if you’re planning to donate money, certain charitable giving strategies provide a bigger tax benefit. Since the Tax Cuts and Jobs Act of 2017, there’s been a higher standard deduction, which makes it harder to claim

Swimply is expanding its marketplace to offer pickleball court rentals. Source: Swimply Swimply, the startup that lets people rent private pools, is set to expand to pickleball courts — and the company says it expects revenue from its new offering to outpace pool rentals in just two and half years. On Tuesday, the company announced

Plans for a universal basic income trial have just been published in the U.K. by think tank Autonomy. Tashdique Mehtaj Ahmed | Moment | Getty Images Receiving free cash from the government when nothing is expected in return might sound like a utopian dream. But it could soon be a reality for some in the

You might think it’s worth sacrificing vacations, family time and sleep for your career — especially if it leads to a raise or promotion. It’ll also make you a lot unhappier, says former U.S. president Barack Obama. “What you want is a balance,” Obama told LinkedIn News‘ “This Is Working” podcast on Thursday. “Young people

In this article AI Follow your favorite stocksCREATE FREE ACCOUNT Tom Siebel has been riding the artificial intelligence wave. Three years after selling his prior software company, Siebel Systems, to Oracle for nearly $6 billion in 2006, he started C3.ai, a provider of AI solutions to businesses. That company, which went public in 2020, now

In this article CSG.N-CH UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster mergers. The modern company is comprised of over 370 legacy firms, including former domestic rivals. Amid major wars, Switzerland has remained

Geber86 | E+ | Getty Images There are plenty of risks for retirees — and those risks may compound by the rising cost of health care in retirement.  While the cost of medical care has recently fallen, it’s still nearly 30% higher than a decade ago, according to data from the U.S. Bureau of Labor

Knowing how and when to start teaching to kids about money and identifying what money skills they need can be tricky, but experts say it is crucial for their futures. MoMo Productions Knowing how and when to start teaching kids about money and identifying what skills they need can be tricky. Parents often don’t want

Elon Musk is the wealthiest person in the world again. Michel Euler | AFP | Getty Images Elon Musk is the richest person in the world again, according to Bloomberg Billionaires Index’s updated figures Thursday. The Tesla CEO saw his wealth jump 40.3% this year to $192 billion, after shares of the electric car maker

French luxury group LVMH Chairman and Chief Executive Officer Bernard Arnault Eric Piermont | AFP | Getty Images While younger tech billionaires like Elon Musk, 51, and Mark Zuckerberg, 39, may dominate the wealth headlines, the majority of the world’s billionaires are over retirement age, according to a new study. The median age of the