Personal Finance Advice and Commentary

Billionaires around the world are flexing their philanthropic muscles.

The largest charitable gifts in 2012 surpassed those made in 2011, thanks to one donor.

President Obama’s proposed 2013 budget is asking a lot of the rich — specifically, $1.4 trillion in new tax burdens. The $3.8 trillion budget proposal  includes higher tax rates for couples making at least $250,000 and individuals earning at least $200,000. Dividends for these Americans would be taxed as ordinary income — a whopping increase

If you think the rich should pay more in taxes, you’re not alone. Supporters come from among the millionaire ranks themselves. In the wake of billionaire Warren Buffett’s written plea in the New York Times calling for Congress to impose more taxes on the super-wealthy, two dozen millionaires went to Capitol Hill to make their

Back in August, I wrote about investor Warren Buffett’s plea to the wealthy to publicly commit to donating most of their fortunes to charity. Called the “Giving Pledge,” it immediately attracted heavy-hitters like Oracle founder Larry Ellison, movie producer George Lucas, and oil tycoon T. Boone Pickens. Recently, 16 additional billionaires signed up (which raises

How do you define wealth? Billionaire investor Warren Buffett sat down with interviewer Willow Bay to discuss and dispense some advice about wealth. And, as is typical of the truly wealthy, the conversation didn’t focus on money. If you listen to the interview, Buffett essentially talks about the one luxury the rich always come home

There’s hardly anything more unnerving and fraught with indecision for the wealthy than how to bring up the next generation when they are surrounded by financial privilege. Shower them with their every heart’s desire simply because it’s financially possible? Deny them every nickel in the hope they’ll learn to scrape together a living and learn