Wealth Blog

Sunday, November 20, 2011 11:29 am
By Judy Martel · Bankrate.com

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

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Tuesday, November 15, 2011 4:51 pm
By Judy Martel · Bankrate.com

Being a millionaire ain’t what it used to be. Nearly 800 wealthy individuals worldwide surveyed by Barclays Wealth say it takes a minimum of $10 million in liquid assets to define a person as wealthy. The fact that the definition specifies liquid wealth is important. As many of the superwealthy discovered during the recession, wealth

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Sunday, November 13, 2011 2:09 pm
By Judy Martel · Bankrate.com

If you’re the children of baby boomers, you’re less likely to get an inheritance than if your parents are older than 65, says a new survey. And even if you do get the money, it’s more likely to come with strings attached if your parents are wealthy. The Journal of Financial Planning and Allianz Life

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Tuesday, November 8, 2011 5:16 pm
By Judy Martel · Bankrate.com

Households headed by a person age 65 or older have a net worth 47 times greater than households headed by someone under 35, the widest wealth gap between young and old on record. According to U.S. Census data, the wealth gap between these two groups is double what it was in 2005 and almost five times

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Sunday, November 6, 2011 3:45 pm
By Judy Martel · Bankrate.com

Think you could save money and live better by becoming an expat? Maybe. Many retirees with means are moving to cities like Buenos Aires, Argentina, or countries like Costa Rica and Panama with the belief that their money will go further, and often, it does. But sometimes considering only the big costs such as buying

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Monday, October 31, 2011 2:45 pm
By Judy Martel · Bankrate.com

Even if it’s debatable by demographers, the number seems almost incomprehensible: 7 billion people now inhabit the earth, creating opportunity for innovation and economic growth while causing concern about the sustainability of finite resources. The population has more than doubled from 3 billion in 1960, and the United Nations anticipates that it will surpass 9 billion

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Sunday, October 30, 2011 10:27 am
By Judy Martel · Bankrate.com

The rich are indeed getting richer – by leaps and bounds when compared to the rest of the population. Between 1979 and 2007, the wealthiest 1 percent of Americans saw their after-tax income nearly triple, while the 60 percent of the population that largely makes up the middle class saw an increase of just under 40

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Tuesday, October 25, 2011 3:51 pm
By Judy Martel · Bankrate.com

Some billionaires invest the old-fashioned way — in land. After all, they’re not making any more of it, and its tangibility appeals to those who want to touch and see their investments. The largest land baron in the country is John Malone, chairman of Liberty Media, who surpassed another media mogul, Ted Turner, by 200,000 acres

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Sunday, October 23, 2011 2:12 pm
By Judy Martel · Bankrate.com

Asset allocation. Two words with a huge impact on your investment goals. In the current economic environment and with a volatile stock market, you may be tempted to rush into any investment with promising returns. But before risking your long-term goals, reconsider the best decision you can make to see you through these dark times

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Tuesday, October 18, 2011 3:38 pm
By Judy Martel · Bankrate.com

Wall Street professionals have a somewhat pessimistic outlook for their future earnings, with about half of the respondents of a survey saying they expect their bonuses to decline over the next three years. Most — 80 percent of the respondents — don’t expect to receive bigger bonuses. The 1,098 respondents in a survey by eFinancialCareers

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