Wealth Blog

Thursday, August 19, 2010 3:18 pm
By Judy Martel · Bankrate.com

Jumbo mortgage rates continue to fall, hitting a new low of 5.26 for a 30-year-fixed this week in Bankrate’s weekly Interest Rate Roundup. As  Senior  Financial Analyst Greg McBride notes in this video, the spread between jumbo loans and conforming loans (those less than $417,000) hasn’t been this narrow since the beginning of the credit

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Friday, August 13, 2010 2:24 pm
By Judy Martel · Bankrate.com

In the unlikely event of deflation, would the widening gap between rich and middle class worsen? Let’s start with two tenets of deflation:   The value of money increases as prices for goods and services drop. The value of a loan’s interest rate effectively goes up, since you are paying for an item (a home,

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Friday, August 6, 2010 2:10 pm
By Judy Martel · Bankrate.com

It looks like billionaire investor Warren Buffett has started a trend in charitable donations. In an interview last month during a conference for technology and media leaders, Buffett said he hoped wealthy people would enrich society by pledging at least half their fortunes to philanthropy. He has donated 99 percent of his own fortune to

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Monday, August 2, 2010 2:51 pm
By Judy Martel · Bankrate.com

What do women want? Simply put, they want a more emotional connection with their financial adviser. But then, that’s not so simple, is it? A survey of 500 women by Boston Consulting Group found that while men generally see the relationship with their financial planner as a business one, women say they want a holistic

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Wednesday, July 28, 2010 4:42 pm
By Judy Martel · Bankrate.com

Wouldn’t we all like to know the surefire roadmap to wealth? In fact, there are more than a few infomercials that promise to take you there in a hurry … once you’ve purchased the exclusive set of 100 DVDs, that is. Or you could become an endodontist – but more on that later. Gimmicks and get-rich-quick schemes

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Friday, July 23, 2010 3:43 pm
By Judy Martel · Bankrate.com

Considering the recent news that the rich are defaulting on their mortgages faster than the rest of the population, perhaps falling jumbo mortgage rates will help revitalize the market. A year ago, the average rate on a 30-year fixed jumbo mortgage (those loans of more than $729,750) was 6.86 percent, according to the Bankrate.com weekly

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Wednesday, July 21, 2010 10:55 am
By Judy Martel · Bankrate.com

It didn’t take long for the billionaires to start dying this year, leaving the U.S. Treasury mourning millions in lost estate taxes, and many happy heirs. On March 28, Texas gas pipeline billionaire Dan Duncan, the 74th richest person in the world, died. Under the estate tax of 2009, he would have owed up to

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Friday, July 16, 2010 1:00 pm
By Judy Martel · Bankrate.com

So how are we all feeling two years after the global economic collapse? Not so great, according to a poll of 1,002 Americans conducted for Certified Financial Planner Board of Standards by Penn, Schoen Berland.   Here are some of the highlights of the opinion survey: Nearly two out of three Americans (65 percent) are more

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Wednesday, July 14, 2010 12:43 pm
By Judy Martel · Bankrate.com

If only jazz-age author F. Scott Fitzgerald could have foreseen the long and varied life of his now-famous observation, “the rich are different.” Here’s another, less favorable, differentiator of the wealthy: They’re defaulting on their mortgages in greater numbers than the rest of the underwater-mortgage population. A study for The New York Times by CoreLogic

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Friday, July 9, 2010 11:37 am
By Judy Martel · Bankrate.com

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

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