Wealth Blog

Friday, December 23, 2011 4:43 pm
By Judy Martel · Bankrate.com

Americans have always been known as being generous. Times of crises bring out the best in us, and we’re quick to respond with offers of money and on-the-ground efforts to help. But a new survey makes it official. According to CAFAmerica’s World Giving Index, the U.S. ranks first globally in charitable giving this year, up

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Thursday, December 22, 2011 10:37 am
By Greg McBride, CFA · Bankrate.com

In my weekly appearance with Gary Goldberg’s “Money Matters” radio program, we discussed Bankrate’s December Financial Security Index and related economic trends. Here’s a partial transcript of my comments: In December, we actually saw a nice uptick in consumers’ financial security. We’re ending the year on a higher note than we’ve seen in the past

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Tuesday, December 20, 2011 4:15 pm
By Judy Martel · Bankrate.com

One of the informal yardsticks of financial success is to ask whether you are better off than your parents. According to a recent survey, the answer depends on whether you’re a man or woman. Women make $1.17 for every $1 their mothers earned 30 years ago but men are making 10 cents per hour less

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Sunday, December 18, 2011 2:00 am
By Judy Martel · Bankrate.com

Just because the rich and famous can afford the best legal representation for their estate, doesn’t mean they don’t make mistakes — sometimes enormous errors that not only greatly diminish the value of their assets through legal fees, but tarnish the image of the family whose founder worked so hard to earn the fortune. Too

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Wednesday, December 14, 2011 6:41 am
By Judy Martel · Bankrate.com

One of the fastest-growing segments of the retail industry is on track to have a prosperous holiday season, especially since stores have begun leasing space in more upscale neighborhoods. Consignment and thrift stores that sell used merchandise have proven alluring to those looking to cut back on price but not quality. According to U.S. Census

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Sunday, December 11, 2011 10:41 am
By Judy Martel · Bankrate.com

Giving with no strings attached and no expectation of acknowledgement has to be the sweetest form of charity. And when times are hard, many donors find that giving directly to a person who doesn’t anticipate it provides even more gratification. Three Michigan shoppers were surprised to find that their Kmart layaway bills had been nearly

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Wednesday, December 7, 2011 3:51 am
By Judy Martel · Bankrate.com

Given that most lottery winners lose it all within three years, it’s notable to take a closer look at how the three Connecticut money managers are handling their $254 million Powerball win. The partners in a wealth management company, Greg Skidmore, Tim Davidson and Brandon Lacoff, opted for the lump sum of $103.5 million instead of

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Sunday, December 4, 2011 2:01 pm
By Judy Martel · Bankrate.com

Discussing money used to be one of the taboo topics of polite society, along with religion and politics. Unfortunately, many wealthy parents won’t even discuss money with their kids, leaving them ill-equipped to handle finances and the emotions that often come with inheriting wealth. One survey, by SEI Private Wealth Management, showed that about a

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Tuesday, November 29, 2011 5:13 pm
By Judy Martel · Bankrate.com

Investor fear has driven down stock prices on even the best-quality equities, which makes for a great opportunity for iron-stomached, sophisticated investors to buy. Yet watching the news for even one day could give investors plenty to worry about globally, and I haven’t talked to a single seasoned investment professional who hasn’t told me that

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Sunday, November 27, 2011 10:28 am
By Judy Martel · Bankrate.com

The predictions for holiday spending among the wealthy are out, and you know how it goes with the best intentions. The rich might be saying one thing while doing another. The Neiman Marcus annual Christmas Book aside, a retail study by GfK MRI Focus says baby-boomer millionaires are not into making impressions and that they

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