Johner Images | Johner Images Royalty-free | Getty Images Many retirees don’t think about taxes until it’s time to withdraw funds from a pretax account, which can be a costly mistake, financial experts say. Only 3 in 10 Americans have a plan to reduce taxes on retirement savings, according to a Northwestern Mutual study from January … Read more
In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day for more than $23,000. … Read more
From recent graduates to wealthy professionals, many Brits are considering moving abroad these days. And the motivating force for many is clear: money. Over half of British workers (52%) have considered leaving the United Kingdom for better working opportunities abroad, according to the British human resources website Employer News. Others are in search of affordable … Read more
A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Mike Blake | Reuters Tesla shares saw more gains in premarket trading Wednesday, after jumping 10% in the previous session following the release of second-quarter vehicle production and deliveries figures that beat analyst expectations. The company’s stock was … Read more
With New York’s congestion pricing plan indefinitely delayed, traffic into Manhattan this summer is set to be gridlocked as usual. But travelers staying in some of the city’s top luxury hotels can avoid the highways altogether. Announced Tuesday, Marriott International Luxury Group is providing free helicopter transfers from John F. Kennedy International Airport and Newark … Read more
A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales … Read more
Recep-bg | E+ | Getty Images The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have limited time to prepare, experts say. Mandatory yearly reporting will phase in starting in 2026, with digital currency brokers required to cover gross proceeds from … Read more
Two young adult couples enjoying a day at the races. Two couples enjoying a drink at the races. Solstock | E+ | Getty Images Millennials are poised to be the wealthiest generation in history, but are they ready to handle the large inflow of money? A vast $90 trillion wealth transfer over the next 20 … Read more
People in Singapore are paying 10% higher for ladies’ handbag and shoes, and more than 5% for men’s suits and watches. Ore Huiying | Getty Images News | Getty Images Sky-high property prices, exorbitant car ownership costs and expensive private medical care, among other factors, have kept Singapore the most expensive city for the super … Read more
Hispanolistic | E+ | Getty Images The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plan designs make it easier for workers to set money aside. In 2023, the average combined savings rate was an estimated 11.7%, which matched a record high from 2022, according to … Read more
