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May 24, 2022

Wealth

Escape From the Gilded Cage

Smithsonian
By April White Author, The Divorce Colony: How Women Revolutionized Marriage and Found Freedom on the American Frontier The North Shore Limited departed Manhattan at 4:50 each afternoon in 1891. A swirl of steam and soot enveloped the crowds on the platform. The cacophony and oppressive heat were the same for......

Here’s what the rich will be reading this summer: Books on leadership, Greek myths and Miyazaki

CNBC
CNBC – For more and to sign up click here With summer around the corner, the wealthy are preparing their lists of elevating beach reads. And this year, their Goyard tote bags are likely to be filled with books about innovation, technology and Greek gods. J.P. Morgan Private Bank on......

Op-ed: The housing shortage will actually benefit homebuilder stocks. Here are some companies to watch

CNBC Real Estate
Ariel Skelley | Digitalvision | Getty Images The double whammy of a declining stock market and rising interest rates has been pummeling homebuilder stocks this year, resulting in rock-bottom valuations. Those valuations make housing stocks look like the worst home in a bad neighborhood. But in reality, the industry is......

The number of billionaires soared during the pandemic. How tax proposals aim to reduce wealth inequality

CNBC
CNBC – For more and to sign up click here A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May 17, 2021 in Washington, DC. Drew Angerer | Getty Images A new billionaire was created on......

Oxfam calls for an end to billionaire ‘bonanza,’ says millions are falling into extreme poverty

CNBC
CNBC – For more and to sign up click here Olga Shumytskaya | Moment | Getty Images A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into extreme poverty at around the same rate in 2022. Those are the sobering statistics recently......

Four ‘dream jobs’ for people who love to travel

CNBC
CNBC – For more and to sign up click here Many people occasionally travel for work. But for some, travel is at the heart of their jobs. CNBC Travel spoke with people from four industries about occupations where working from home — or an office for that matter — isn’t......

Creating a special needs trust? Here are the costs, what you need to know and who to use

CNBC
CNBC – For more and to sign up click here Yagi Studio | Digitalvision | Getty Images Special needs trusts are essential for the well-being of a person with special needs, experts say. “The most important reason for a special needs trust is that individuals with special needs often are......

Crypto as currency: managing your financial life using digital coins

CNBC
CNBC – For more and to sign up click here Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky.  Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall......

Reality TV shows based on real estate are ‘horrible’ for the industry, says brokerage CEO

CNBC Real Estate
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not......

A 1955 Mercedes just nabbed $143 million at auction, making it the most expensive car ever sold

CNBC
CNBC – For more and to sign up click here 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe Courtesy: RM Sotheby’s An ultra-rare Mercedes-Benz race car sold for $143 million earlier this month, making it the most expensive car ever sold. RM Sotheby’s announced it auctioned off a 1955 Mercedes-Benz 300 SLR......

For the first time since the pandemic, leisure and business flights surpass 2019 levels

CNBC
CNBC – For more and to sign up click here For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s third annual travel report, titled “Travel 2022: Trends & Transitions,”......

Op-ed: Investors need to keep their emotions under control in this volatile market

CNBC
CNBC – For more and to sign up click here NicolasMcComber | E+ | Getty Images Whether you’re new to investing or have been in the market for years, you may feel a little bit like you are lost at sea looking for a safe harbor. Investors are contending with......

Just 2% of the richest Americans had their taxes audited in 2019, down from 16% in 2010

CNBC
CNBC – For more and to sign up click here The Internal Revenue Service headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The wealthiest Americans are getting their taxes audited at a far lower rate than they were over a decade ago, due in large part to......

Inflation is the ‘top problem’ facing America, with no other issue coming close, survey shows

CNBC
CNBC – For more and to sign up click here A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continued inflation and plans to address the issue.......

This flashy Bel Air mansion that was listed at $87.8 million flopped at auction — and now the seller is furious

CNBC Real Estate
An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi. “Horrible, Horrible, Horrible!” was how Khadavi characterized the auction results to CNBC. He filed for......

Here’s why inflation may be less costly for some retirees

CNBC
CNBC – For more and to sign up click here A shopper at a San Francisco grocery store on May 2, 2022. David Paul Morris | Bloomberg | Getty Images Inflation is a growing concern as Americans spend hundreds more every month. But some retirees may avoid the sting of......

IRS insists destruction of 30 million files of taxpayer data won’t affect payers

CNBC
CNBC – For more and to sign up click here alfexe | iStock | Getty Images Filers won’t be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement Thursday. The IRS tossed an estimated 30 million so-called paper-filed information returns in......

Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers

CNBC
CNBC – For more and to sign up click here courtneyk | E+ | Getty Images An audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers, sparking anger from the tax community. The material, known as paper-filed information returns in......

Scott Latzke Honored As Best-In-State Wealth Advisor by Forbes Magazine

@BreaknNews
Ameriprise Financial Private Wealth Advisor, based in Mequon, Wis., office, recognized for ethics, professionalism and success by Forbes   Scott Latzke, Forbes Best-in-State Wealth Advisor MEQUON, Wis. – May 10, 2022 – — Scott A. Latzke, CFP®, a Private Wealth Advisor with Ameriprise Financial in Mequon, was named to the list......

Andy Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art

CNBC
CNBC – For more and to sign up click here A woman takes a photo of Andy Warhol’s ‘Shot Sage Blue Marilyn’ during Christie’s 20th and 21st Century Art press preview at Christie’s New York on April 29, 2022 in New York City. (Photo by Angela Weiss / AFP) (Photo......

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