Wealth

Jamie Grill | Getty Images It’s not easy to prioritize financial goals, especially when choosing between two essentials in an unsteady economy: saving for retirement or building your emergency fund.  While there are higher 401(k) contribution limits for 2023, you shouldn’t skip rainy day savings to max out your retirement plan, experts say.  Indeed, more

When billionaire Richard Branson was 15, he dropped out of school to run a magazine. On a recent episode of the “Armchair Expert” podcast hosted by Dax Shepard and Monica Padman, the Virgin Group founder said he made the decision for a simple reason: He knew he could make money at it. By cold-calling companies

When Elon Musk became the first person in history to lose more than $200 billion in net worth, the door opened for someone new atop the rankings of the world’s wealthiest people. That would be France’s Bernard Arnault, the 73-year-old co-founder and CEO of LVMH, the luxury goods conglomerate known for operating iconic brands like

Marko Geber | DigitalVision | Getty Images If you didn’t pay enough taxes in 2022, there’s still time to avoid a “surprise tax bill” and bypass extra penalties, according to the IRS.  The deadline for fourth-quarter estimated tax payments for 2022 is Jan. 17, which applies to income from self-employment, investments, gig economy work and

After home financing costs nearly doubled in 2022, some relief is in sight for potential homebuyers in 2023. The interest rate for a 30-year fixed-rate mortgage in the U.S. is expected to drop to 5.25% by the end of this year, according to a forecast by the financial services website Bankrate. That’s 1.49 percentage points

Designer491 | Istock | Getty Images If you’re eager to boost your retirement savings, there’s good news for 2023: higher 401(k) contribution limits. And now is the time to adjust your deferrals, financial experts say. You can funnel $22,500 into your 401(k), 403(b) and other such plans for 2023, up from the $20,500 limit in

Anadolu Agency | Anadolu Agency | Getty Images Mega Millions players may be daydreaming about what they’d do with an extra $785 million, the game’s current jackpot amount. One way they should count on using it if they win? Sharing a slice with the IRS. related investing news These low-volatility stocks beat the market last

Craig Warga | Bloomberg | Getty Images Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year, according to a report from

This could be a very good year for one lucky winner of the fourth-largest jackpot in Mega Millions history. And yet, kicking off 2023 with $785 million could have a downside. “The curse of the lottery losers is very real,” said Andrew Stoltmann, a Chicago-based lawyer who has represented several recent lottery winners. One of

If you can’t come up with a New Year’s resolution, Mark Cuban has you covered. On Sunday, the Dallas Mavericks owner told Bill Maher on the “Club Random” podcast that everyone over 30 should be reading every day. Otherwise, they’re limiting themselves and their career, he said. “Somebody 40 and over, even 30 and over,

It’s time to start treating handbags like a legitimate investment. In 2020, the investment potential of handbags outpaced rare artwork, cars and whiskey, according to Art Market Research. By 2027, the market is expected to reach $100 billion, compared to today’s $72 billion. As the founder of Rebag, a designer handbag resale site, I’ve kept

The largest investment on ABC’s “Shark Tank” in 2022 didn’t go to a robotics company or a vegan food empire. Instead, it went toward cold-water baths. On a May 2022 episode, Robert Herjavec offered $2.4 million to Plunge, a Lincoln, California-based company that sells tubs designed for cold-water immersion. The baths cost nearly $5,000 and

The Hamptons dominate the rankings for the most expensive neighborhood in the Northeast, with Sagaponack, New York, taking the top spot. A beachside village that’s home to Drew Barrymore and Jimmy Fallon, Sagaponack is second only to Atherton, California for most expensive U.S. ZIP code in 2022, in terms of median value for homes, according

Mark Cuban, who built his fortune starting and selling tech companies, only offered two $1 million investments on ABC’s “Shark Tank” in 2022. But they weren’t in software, crypto or sports businesses. Instead, the owner of the NBA’s Dallas Mavericks gave his biggest investments of the year to two food companies. He offered $1 million

Billionaire Charlie Munger thinks we should all be a lot happier. Munger, the longtime investment partner and friend of fellow billionaire Warren Buffett, says he doesn’t understand why people today aren’t more content with what they have, especially compared to harder times throughout history. “People are less happy about the state of affairs than they

Hispanolistic | E+ | Getty Images If you’re worried about getting a tax form from payment apps like Venmo or PayPal, you’re now less likely to receive one for 2022 — thanks to a change from the IRS. The agency on Friday announced a one-year delay for a new tax reporting rule, requiring payment services

Travelers have a host of pathogens to dodge this winter, including the “tripledemic” of infections caused by Covid-19, flu and RSV (respiratory syncytial virus). But there are steps people can take to reduce their chances of getting sick, say health specialists at Spain’s SHA Wellness Clinic. The key is to develop “a resilient immune system

Billionaire Mark Cuban was only 12 years old when he launched his first side hustle, so he knows what it takes to start a business at a young age. And, he says there’s one simple thing you need to consider if you want to do it, too. “The key to starting a business when you’re

1977 Datsun 280Z 4-Speed  Courtesy: Kahn Media Online car market Bring a Trailer said it expects to close out the year with a record $1.35 billion in sales, as a new generation of collectors logged on to buy classic and pre-owned cars. Randy Nonnenberg, Bring a Trailer’s co-founder and president, told CNBC that sales for

Members of the Salvation Army play music during the lighting of the world’s largest Red Kettle in the Times Square neighborhood of New York, U.S., on Tuesday, Dec. 1, 2020. Jeenah Moon | Bloomberg | Getty Images This holiday season, it may be possible to lower your taxes while supporting your favorite charity, experts say.