Wealth

If you read the headlines, the spoils of the Republican tax plan will disproportionately benefit the wealthy. It’s been called a “tax cut for the rich,” “a Christmas gift for the wealthy” and more. And that’s true: Any back-of-the-envelope math shows that in both dollar terms and in percentage terms, the largest tax cuts clearly
0 Comments
The Republican tax plan may still be in flux. But the wealthy are already taking steps to avoid some of the most costly parts of the plan and reduce their taxes. Wealth management firms and accountants to the rich are scrambling to prepare their clients for the biggest set of tax changes since 1986. While
0 Comments
“Tax-Hike Fears Fuel Talk of Exodus From Manhattan and Greenwich,” read a recent headline on Bloomberg, which quoted Bruce McGuire of the Connecticut Hedge Fund Association saying: “It would almost be irresponsible if [the wealthy] weren’t thinking of moving.” New York Governor Andrew Cuomo predicted the changes would be “devastating” to New York. Moody’s Analytics
0 Comments
Mexico’s secretary of tourism disputed reports of tainted alcohol and described warnings about criminal activities from the U.S. State Department as “misleading” on Wednesday. “There is no evidence about tainted alcohol,” Enrique de la Madrid Cordero said on CNBC’s “Power Lunch.” Cordero said the case he reviewed concerned “excessive alcohol” — a problem associated with
0 Comments
‘Tis the season to do good, but especially on Tuesday. Charitable donations generally pick up at the end of the year. Yet experts say they kick into high gear on “Giving Tuesday,” a single day specifically focused on charity in the shopping-heavy week after Thanksgiving. #GivingTuesday raised $177 million last year, according to GivingTuesday.org —
0 Comments
Understanding the “ins and outs” of social media is essential now for businesses to thrive online. And for British fashion and beauty guru Trinny Woodall, social media has proven key to promoting her profile and her company’s portfolio. “Trinny London,” a business that she launched in October that offers its customers a stackable, versatile makeup
0 Comments
Source: Ritz-Carlton Charlotte, N.C. One of three made-of-macaron trees at the Ritz-Carlton Charlotte, N.C. There’s no charge to visit the Holiday Wonderland, on view now through Dec. 27 in the lobby of the Ritz-Carlton Charlotte in North Carolina — but it will certainly make you hungry. Decorations include three trees bedecked with a total of
0 Comments
If you’re married, split your HSA savings into two accounts, with money in both your name and your spouse’s, Stahl said. You’ll still be limited to the maximum annual family contribution (currently $6,750), but then each spouse can make an annual $1,000 catch-up contribution once they reach age 55, he said. Workers who have access
0 Comments
When it comes to who should feel in charge of their own money, Beyonce said it best: “All the single ladies, now put your hands up.” Nearly all single women — 97 percent — said it’s important to be engaged in managing their finances, according to a new Fidelity Investments study, “Single Women & Money.”
0 Comments
The possibility of the GOP tax cut plan actually increasing taxes would only impact “a few people at the very top,” said Kevin Hassett, economic advisor to President Donald Trump. “They’ve got plenty of resources,” said the Council of Economic Advisors chairman, referring to people who make more than $1 million in high-tax states, such
0 Comments