Wealth Blog

Friday, November 19, 2010 11:56 am
By Judy Martel · Bankrate.com

So just how much do the wealthy hate paying taxes? Unlike almost every other country, the U.S. levies taxes on its citizens no matter where they live in the world. So some of the more globally-minded wealthy are taking their expatriate status much further by renouncing U.S. citizenship. Granted, the numbers are small, and many

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Tags: tax, Taxes, wealthy
Friday, November 12, 2010 1:58 pm
By Judy Martel · Bankrate.com

Although the housing market is still in an uneven and sluggish recovery, mortgage lenders originated $18 billion in jumbo loans in the second quarter of this year. That’s a 20 percent increase over the first quarter, according to an article in the Wall Street Journal. Historically, jumbo mortgages make up about 18 percent of the

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Wednesday, November 10, 2010 2:22 pm
By Judy Martel · Bankrate.com

Wealth is moving east — specifically to Singapore, Russia and the Middle East — according to the third Expat Explorer report published by HSBC Bank International, which surveys 4,127 expats in more than 100 countries. For the second year in a row, Russia remains the wealth hotspot leader, with 36 percent of expats earning more

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Friday, November 5, 2010 1:18 pm
By Judy Martel · Bankrate.com

What a week. In the wake of the announcement Wednesday that the Federal Reserve would spend  $600 billion to buy long-term Treasuries to help stimulate the lagging economy, the stock market jumped nearly 2 percent in a day, reaching levels not seen since September 2008. This week’s news is part of an ongoing rally: The

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Wednesday, November 3, 2010 10:58 am
By Judy Martel · Bankrate.com

How do the results of the mid-term election bode for the wealthy? Well, at first blush, it could mean that the Bush tax cuts enacted in 2001 and 2003 won’t expire for those in the top tax brackets. The Republicans, who gained control of the House of Representatives, are in favor of extending the tax cuts

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Friday, October 29, 2010 2:42 pm
By Judy Martel · Bankrate.com

The wealthy are having mixed feelings about the economy, according to the Merrill Lynch Affluent Insights Quarterly survey of 1,000 individuals who have investable assets of $250,000 or more. Although 41 percent of those surveyed say they feel financially better off today than they did a year ago and 78 percent are confident their own

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Wednesday, October 27, 2010 1:33 pm
By Judy Martel · Bankrate.com

Not only have stock market gains rebounded this year, beefing up the portfolios of investors who didn’t pull out when the market tanked in 2009, but the payoff is big if you work on Wall Street. The New York Times reported last week that finance-industry salaries in Manhattan rose 20 percent in the first quarter

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Tuesday, October 19, 2010 10:04 am
By Judy Martel · Bankrate.com

While the housing industry is buzzing about further impediments to a recovery caused by the recent foreclosure suspensions, two high-profile mansions sold for a song last week. Luxist reported that the Indianapolis mansion formerly owned by Stephen Hilbert, former CEO of Conseco, once valued at $25 million, sold for a mere $3 million. The buyer

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Wednesday, October 13, 2010 2:10 pm
By Judy Martel · Bankrate.com

Retailers are nervously gauging the spending mood of the wealthy as we head into the holiday season. The stock market has been rising pre-holiday, but that doesn’t mean the greenbacks will be flowing at shopping sites this year. Many of the wealthy still feel chastened by the shaky economy, and are reining in the holiday

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Wednesday, October 6, 2010 10:00 am
By Judy Martel · Bankrate.com

Leaving a legacy usually involves more than just figuring out how to divide up assets so the inheritors don’t go to court. The best plans include letting your heirs know how you feel about wealth. One way to do that is in a letter. In fact, you may not even share the letter with heirs,

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