If you hate paying taxes, at least it’s a reason to pretend you’re glad you never win big in the lottery. So far this year, the 12 winners who have hit Powerball and Mega Millions jackpots — worth an advertised $3.3 billion in all — have collectively fed roughly $505.5 million to the IRS. And

Mary Smyth | Moment | Getty Images For older adults, perhaps nothing is scarier than the prospect of spending their later years in a nursing home. More than 1 in 2 adults aged 50 and over said that they would rather die than live in a long-term care facility, according to a recent survey from

Rachel Robasciotti, CEO of Robasciotti & Philipson in San Francisco, attended the conference where Ken Fisher made his comments on Oct. 8. She spoke out against the remarks. Nathan Phillips Billionaire investor Ken Fisher has made headlines for lewd comments at an investment conference earlier this month. For many women in the financial services industry,

100 years old birthday cake to old woman elderly celebration funny humor MEDITERRANEAN | E+ | Getty Images You can never be too old for a surprise tax bill from the IRS. Whether you’re a business owner or an individual with an elaborate estate, you may use cash value life insurance to solve any complex

Presidential hopeful Elizabeth Warren‘s wealth-tax is not the right idea when it comes to raising government revenue and reducing income inequality in America, billionaire Ron Baron told CNBC on Friday. “I don’t think Elizabeth Warren would be successful … if she were chosen president in getting through the policies that she’s proposing,” Baron, a lifelong

Goldman Sachs has joined the flight of institutional investors from Fisher Investments. The giant investment bank is pulling $234 million from Camas, Washington-based Fisher, according to a source close to the matter. However, the end tally could be even greater, a source told CNBC. Goldman Sachs and Fisher Investments both declined to comment. In all,

The rapid pace of technological change provides a breathtaking opportunity to challenge and change the world. We are moving toward a technology space that is swift, connected and digitized. This will not only reshape industries but also the regulatory frameworks around them. With this in mind, regulators must reimagine how they oversee new technology and

Sen. Elizabeth Warren, who has been gaining in Democratic presidential polls, has been softening her attacks on the rich and could win the White House, a billionaire investment titan and major Democratic donor told CNBC on Thursday. “I think she’s pivoting. I think she could win the election because she’s smart, she’s witty and she

Tiffany Advent Calendar Source: Tiffany&Co. Have a holly, jolly six-figure Christmas. As the countdown to the holiday season begins, Tiffany & Co. is offering branded advent calendars  — with a steep price tag. Each Tiffany-blue, 24-day calendar will set you back $112,000.  The luxury jewelry retailer released four exclusive “Ultimate Advent Calendars” that will include

Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman isn’t holding back anything regarding his feelings about Elizabeth Warren‘s presidential platform. Like many of her fellow Democrats vying for the party’s nomination, the Massachusetts senator has railed against the uber-rich like

Actress Lori Loughlin and her husband Mossimo Giannulli, wearing green tie at left, leave the John Joseph Moakley United States Courthouse in Boston on April 3, 2019. Pat Greenhouse | Boston Globe | Getty Images Massachusetts prosecutors announced Tuesday that they are levying new charges against 11 of the 15 parents implicated in the “Varsity

Kenneth Fisher, chief executive officer of Fisher Investments, attends the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The New Hampshire Retirement System voted on Tuesday to end its $239 million relationship with Fisher Investments, bringing the total divested from the money manager in

The downtown Buffalo, New York, skyline along the city’s historic waterfront district on Lake Erie. DenisTangneyJr | E+ | Getty Images East Nusa Tenggara? Madhya Pradesh? The average American vacationer might not have heard of these exotic, far-flung destinations — located in Indonesia and India, respectively — but iconic budget travel guide Lonely Planet says

Former Treasury Secretary Larry Summers, one of the economic pillars of the Democratic establishment, lashed out at the idea of a wealth tax, saying it was bad economics, bad policy and built on bad data. Speaking at a Peterson Institute panel on inequality in Washington on Thursday, Summers said that the type of wealth tax

Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Sens. Elizabeth Warren, D-Mass., and

The number of millionaires in the world grew to nearly 47 million over the past year, and they now own close to half of the world’s wealth, according to a new study. Despite the trade wars, slowing global growth and the volatile stock markets, the total number of millionaires in the world increased by 1.1

Tech just can’t get away from politics. Sen. Elizabeth Warren, D-Mass., has a bone to pick with Facebook, mainly its standards for political ads. After Facebook refused to take down a Trump campaign ad that accused him of wrongdoing connected to his son Hunter’s work in Ukraine, Warren fired back. She posted her own Facebook

If Amazon CEO Jeff Bezos were to unexpectedly die today, Washington state could expect an estate tax windfall of nearly $12 billion, raising its total annual revenue by more than 50% for a single year. That’s according to a new study on the costs and benefits of an estate tax to states from Enrico Moretti

Jose Luis Pelaez Inc | DigitalVision | Getty Images We are tasked today with making many financial decisions, from managing our student loans to contributing to retirement accounts. Plus there’s paying credit card debt on time and keeping our credit score as high as possible. All of these are important, because our financial future is

Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Iowa Public Employees Retirement System is terminating its relationship with Fisher Investments, pulling $386 million from the asset manager. The Iowa plan, which holds

Barry Sternlicht, co-founder of the privately held Starwood Capital global investment firm, believes a wealth tax, as envisioned by Democratic presidential candidates Sens. Elizabeth Warren and Bernie Sanders, would not be feasible. “I think it’s a crazy idea,” Sternlicht said Friday on CNBC’s “Squawk Box.” The wealth tax from Sanders, a Vermont democratic socialist, would

Couple getting financial advice Getty Images Financial advisors are experts at helping clients plan for their futures. It turns out that many of these professionals often fall short when it comes to their own businesses. That’s according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth

Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The City of Boston is ending its relationship with Fisher Investments, pulling $248 million in pension assets from the firm. Mayor Martin Walsh announced on

Sen. Elizabeth Warren (D-MA) speaks during the Democratic Presidential Debate at Otterbein University on October 15, 2019 in Westerville, Ohio. A record 12 presidential hopefuls are participating in the debate hosted by CNN and The New York Times. Win McNamee | Getty Images Sen. Elizabeth Warren may have a new slogan: “Where’s the beef?” During

Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images There are 618,000 millennial millionaires in the U.S. and their wealth is only expected to grow. Millennials are expected to be five times wealthier in the next decade than they are

Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as the hardliners on tacking wealth

Peter Dazeley | Photographer’s Choice | Getty Images Here’s an awkward question for your spouse: Would you be willing to get divorced to save a few dollars? Proposed wealth taxes from presidential candidates Sens. Elizabeth Warren and Bernie Sanders are stirring up chatter around so-called strategic divorce to avoid the levy. The Tax Cuts and

The ideal tax rate for the richest 1% of Americans is about 75% — more than twice the current rates, according to the economist advising Sen. Elizabeth Warren on her tax plans. Gabriel Zucman, the University of California at Berkeley economist who is advising Warren and Sen. Bernie Sanders on their wealth tax proposals, told

NEW YORK — Any average millionaire or billionaire can buy a Ferrari. But only a select group gets the privilege of buying a fully customized one — an honor that is becoming big business for the Italian carmaker. Ferrari this month opened its third “tailor-made center” in the world, a 6,600-square-foot showroom on Manhattan’s Park

John Hope Bryant, an advocate of economic empowerment through Operation Hope, wants Democratic presidential candidates Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., to know that he would not have been successful without capitalism. “I think Bernie and Elizabeth mean well,” Bryant said on CNBC on Monday, regarding their criticism of how capitalism has led to