Last Build Date: Fri, 24 Feb 2017 02:25:21 GMTCopyright: Copyright 2017 The New York Times Company
Sun, 19 Feb 2017 05:00:31 GMTThe number of billionaires is rising across the globe, and the sources of their wealth are changing in ways that reflect major shifts in global business trends.
Sun, 19 Feb 2017 05:01:19 GMTJulien Mellon is a tour guide who was raised in Flatbush, Brooklyn. His dream amount of money is $20 million. He would buy a “beautiful” home but have enough left to spend $100,000 a year.A sampling indicates people’s calculations typically range into seven (or even eight) figures. But one woman says $36,000 a year would be just fine.
Sun, 19 Feb 2017 05:01:15 GMTFrances Stroh has written a book about how her family lost its company, the Stroh brewery, and its fortune through a series of bad deals and personal missteps.A business can implode, the economy can go south, the markets can buckle. But one of the most reliable ways to demolish a fortune? You’re related to them.
Sun, 19 Feb 2017 05:01:18 GMTThere are 2,473 billionaires in the world by a new count, and how they got their money and what they plan to do with it are matters of global importance.
Sun, 19 Feb 2017 05:01:15 GMTNapoleon Hill, author of “Think and Grow Rich,” which was published in 1937 and became a self-help guide for everyday Americans seeking great wealth.More than half of the ultra-wealthy are self-made billionaires. The chance of joining their ranks remains incredibly slim.
Sun, 19 Feb 2017 05:01:18 GMTA look at 10 billionaires’ money reveals one thing the superrich have in common: a large amount of cash and liquid securities.
Sun, 19 Feb 2017 05:01:14 GMTBrad Klontz is a psychologist and certified financial planner who works with the uber-wealthy.A psychologist says the ultrarich suffer from the same existential angst the rest of us do. The main difference: Few people want to hear about it.
Sun, 19 Feb 2017 05:01:13 GMTThe psychologist Brad Klontz.What motivates a billionaire to keep working? What makes them different? What are their fears and worries? The psychologist Brad Klontz has some answers.
Sun, 19 Feb 2017 05:01:13 GMTClockwise from top left: William A. Ackman of Pershing Square Capital Management; David Einhorn of Greenlight Capital; Marc Lasry of Avenue Capital Group and owner of the Milwaukee Bucks; and Nelson Peltz, of Trian Fund Management.When several hedge fund managers fell off the list of the nation’s 400 richest people last year, some wealth watchers took it as a sign of a changing financial landscape.
Sun, 19 Feb 2017 05:01:15 GMTJohn D. Rockefeller, who turned his colossal wealth toward a legacy of enduring philanthropy, on his 84th birthday in 1923.The very rich may have too much of it, but if you stripped them of all their wealth, you would, in many cases, do more harm than good.
Sun, 19 Feb 2017 05:01:14 GMTRising Sun is a yacht once owned by the billionaire Larry Ellison, a founder of Oracle and its executive chairman.The popular imagination may associate billionaires with superyachts and private islands, but just as many live modestly, complicating the idea of the billionaire lifestyle.
Sun, 19 Feb 2017 05:01:19 GMTMark Cuban, the Dallas Mavericks owner, arguing a call during a game against the Cleveland Cavaliers in January.The outspoken owner of the Dallas Mavericks followed an out-there path toward wealth — and then took moves to protect it.
Mon, 20 Feb 2017 19:47:19 GMTThe T.S.A. PreCheck line at La Guardia Airport. An alternative, Clear, which also allows passengers expedited security, recently opened at La Guardia.Several fast check-in programs accommodate various domestic and international travelers, and even baseball fans.
Fri, 10 Feb 2017 10:00:33 GMTNatalie Dunston of Denver, whose husband, Lynn, once exchanged credits he earned selling annuities for a diamond ring worth about $3,500, which he gave to her. “The fiduciary rule ultimately comes down to the fact that some people are making a lot of money at the expense of other people who have no idea how much their adviser is getting paid,” Mr. Dunston said.Are financial advisers trying to part you from your money in ways you don’t understand? Ask them this set of questions.
Fri, 10 Feb 2017 10:00:34 GMTGary Ribe, left, chief investment officer, and Mark Cortazzo, senior partner, in the Parsippany, N.J., office of the Macro Consulting Group, a wealth management firm. Both advise investors to keep a close eye on fees.A tale of two abysmally performing mutual funds, one of which investors fled on advice of their adviser, and the other less so.
Fri, 10 Feb 2017 17:01:18 GMTPresident Trump signed an executive order on Feb. 3 directing the Treasury secretary to review the Dodd-Frank financial reform act of 2010.Republicans have taken aim at the Consumer Financial Protection Bureau, a lone safeguard for Main Street against financial predation.
Fri, 10 Feb 2017 20:58:55 GMTPolitical turmoil may have you rattled. You can invest in the stock market anyway, but unless you’re a professional trader, take a very long view.
Sat, 11 Feb 2017 10:00:23 GMTFor someone arrested on a D.U.I. charge nearly 30 years ago, why does it have to be so high in the Google search results?
Wed, 08 Feb 2017 20:48:30 GMTA recent survey found that just 36 percent of adults with minor children had a will. An important function of a will is for parents to name a guardian to care for their children, in the event of their death.Many Americans don’t have wills, but should. You can do it yourself online, but consulting a lawyer is often a safer bet.
Fri, 03 Feb 2017 19:49:50 GMTBruce Makowsky at the house he built in the Bel Air neighborhood of Los Angeles and put on the market for $250 million.Near Los Angeles, the most expensive house in the nation is on the market for $250 million, but one is rising nearby that may cost half a billion.
Fri, 03 Feb 2017 18:51:47 GMTPresident Trump with Stephen Schwarzman, chief executive of the Blackstone Group, at the White House. Mr. Trump on Friday signed an executive order seeking to review a rule that would have forced financial professionals to act in customers’ best interest when giving advice about their retirement accounts.What should consumers do now that President Trump is trying to kill a rule that would have forced investment professionals to act in customers’ best interests?
Fri, 03 Feb 2017 21:46:09 GMTPresident Obama signed the Dodd-Frank financial reform law on July 21, 2010.The actions constituted a broad effort to loosen rules enacted after the financial crisis that restrict the way Wall Street can operate.
Fri, 03 Feb 2017 18:00:59 GMTThe New York Stock Exchange last month. The Dow Jones industrial average dropped 1 percent immediately after the president’s executive order on immigration.Bombshell executive orders from the president have dampened investors’ hopes of quick economic growth, at least for now.
Fri, 03 Feb 2017 10:00:37 GMTA coalition of labor, community and immigrant-rights groups protested this week outside Uber’s New York City corporate headquarters in Queens.Still, no matter which side you favored in the latest executive-order controversy, wasn’t it good to see companies back on their heels a bit?
Fri, 03 Feb 2017 17:31:15 GMTSenator Bernie SandersHis movement seems to be gaining momentum.
Fri, 03 Feb 2017 18:31:50 GMTTo get that summer position, here’s what students need to know how to do.
Fri, 03 Feb 2017 17:05:41 GMTThe Internal Revenue Service and commercial vendors provide free tax software, but the offerings often carry income restrictions, and features vary.
Fri, 03 Feb 2017 14:56:44 GMTRoyce Pinkwater, a real estate broker in Manhattan, said that trying to find companies that align with her passion, reducing pollution, but are also profitable had led to tough choices.A rare subset of investors flouts conventional wisdom to put money into companies that embody their passion for the environment and other causes.
Wed, 01 Feb 2017 19:37:22 GMTFebruary is the most affordable month to buy a house, real estate experts say.
Fri, 27 Jan 2017 16:22:52 GMTEarl Stewart, a Toyota dealer, at one of his lots in West Palm Beach, Fla. He refuses to sell used cars with open recalls, but he does not turn away buyers trading in cars whose airbags have not yet been fixed, like the ones at this lot.Dealers are scrambling every which way amid a recall of over 60 million Takata airbags, and consumers need to ask some very pointed questions.
Fri, 27 Jan 2017 20:29:18 GMTLois Owen plays the piano for a group singalong at the Forest at Duke in Durham, N.C.Older people who played instruments as a child — or never — are taking up piano, flute and chamber music as a new passion.
Fri, 27 Jan 2017 20:22:59 GMTA videographer is resolutely silent in response to a complaint that he never sent a wedding tape.
Wed, 25 Jan 2017 23:30:00 GMTRates for basic liability automobile coverage were analyzed in more than 9,000 ZIP codes with high proportions of “underserved” consumers.
Fri, 27 Jan 2017 15:12:41 GMTThough the Affordable Care Act faces an uncertain future, advocates say consumers should still sign up for coverage if they need it.
Fri, 20 Jan 2017 10:00:20 GMTRohit Chopra, former student loan ombudsman for the Consumer Financial Protection Bureau, which has filed suit against the nation’s largest student loan servicer.The Consumer Financial Protection Bureau accused Navient, the nation’s largest student loan servicer, of much wrongdoing. Here’s how to steer clear of problems.
Fri, 20 Jan 2017 20:55:57 GMTHerbert Yarbrough and Maxine Duncan with their robot in their retirement community in Walnut Creek, Calif.Cutting-edge innovations are set to upend some of the constants of growing old.
Fri, 20 Jan 2017 16:26:12 GMTRay Kroc and his wife, Joan, at a San Diego Padres game in 1980. Mr. Kroc owned the team at the time.What do you do with all that money when you can never spend it all? After Ray Kroc amassed a vast fortune, his third wife, Joan, gave most of it to philanthropic causes.
Wed, 18 Jan 2017 22:34:11 GMTThe Federal Reserve increased short-term interest rates, but that hasn’t yet translated into significant increases in deposit rates paid out by banks.
Fri, 20 Jan 2017 15:22:23 GMTIf you overspent on holiday gifts, credit experts advise that you pay down your card balance as quickly as possible.
Fri, 13 Jan 2017 10:32:38 GMTScandals aside, most of Wells Fargo’s products have been mediocre at best — but the bank could mend fences by being more generous, fair and clear.
Fri, 13 Jan 2017 17:01:51 GMTReclaim Detroit workers salvaging wood and other materials from a soon-to-be-demolished church for refashioning into new products. The organization faced a problem when it lost its warehouse to a fire.Nonprofits rarely lay out the risks of their projects, lest they spook funders. And donors don’t dig deeply enough for that information. But help is on the way.
Fri, 13 Jan 2017 17:04:03 GMTErika Lupo, whose husband, John, died of cancer last year at age 57, was better prepared than many widows. He did everything he could to prepare his estate and make sure his wife knew where his assets were.Preparing for the death of a spouse or partner and its ramifications may be an unhappy task, but doing so can ease some avoidable financial sorrows.
Fri, 13 Jan 2017 17:03:09 GMTThe Consumer Financial Protection Bureau says it gets more complaints about debt collectors than anything else.
Mon, 09 Jan 2017 16:19:46 GMTYou don’t get to take credit for good luck. But it doesn’t have to take away from all the hard work you’ve done, either.
Fri, 06 Jan 2017 11:00:16 GMTEven if you thought you’d had enough of card-hopping, you might consider grabbing one of those eye-popping sign-up bonuses.
Fri, 06 Jan 2017 10:00:52 GMTGinger Hamilton, 28, of Atlanta, with her husband, Cory. They decided to live on a single income and put the rest into savings.A snapshot of five millennials shows that some of them are very serious about saving for retirement, busting the myth that their age group is free-spending.
Fri, 06 Jan 2017 19:49:14 GMTNancy Pfund, a founder and managing partner of DBL Partners in San Francisco. “No longer is there a trade-off between what you believe in and what you can make money off of,” she said.With clean energy creating jobs in every state, the sector has become as much about getting returns on investments as it is about helping the environment.
Fri, 06 Jan 2017 15:24:00 GMTThe Consumer Financial Protection Bureau said two credit bureaus had deceived customers into buying scores of questionable value. Experts say consumers have multiple scores, not just one.
Thu, 05 Jan 2017 16:41:44 GMTA dump truck unloading ore into a crusher at Freeport McMoRan’s Grasberg copper and gold mining complex in Indonesia in 2015. The copper producer was a contrarian bet in 2016, but finished the year with its stock price more than doubled.Investors who made the correct — and often bold — calls of last year see opportunities in the uncharted waters of the year ahead.
Wed, 04 Jan 2017 14:48:01 GMTThis acknowledgment is also an invitation for readers to share the experiences that produced their hardest-won wisdom.
Fri, 30 Dec 2016 17:34:54 GMTAirlines will have to provide prompt, automated refunds of baggage fees if they don’t deliver luggage on time, new legislation says.Glimmers of hope emerged on some consumer irritants of the year, including airline and rental-car fees, and college tuition transparency.
Wed, 04 Jan 2017 04:03:58 GMTThe sign-up bonus, 100,000 points, will be cut for online applicants after Jan. 12, and for those applying at JPMorgan Chase branches after March 12.
Wed, 04 Jan 2017 11:00:05 GMTThe temptation for financial experts to offer stock tips is almost irresistible, but history shows why taking them is a bad idea.
Wed, 04 Jan 2017 17:55:37 GMTA new law will affect lower-income people who claim one of two refundable tax credits, and who may be caught off guard by their refunds’ delay.
Fri, 30 Dec 2016 13:30:03 GMTMs. Peevey was 10 when her recording of “I Want a Hippopotamus for Christmas” became a hit.A Postal Service ad has revived interest in a 1953 Christmas novelty hit by the former child star Gayla Peevey. (She did get the hippopotamus.)
Fri, 30 Dec 2016 13:36:00 GMTDonald J. Trump, then a presidential candidate, as seen from the floor of the New York Stock Exchange in March.Forecasts about how the market will perform are seldom useful, but there are some bedrock principles that can help investors plan.
Fri, 23 Dec 2016 15:29:28 GMTKelly High School in Brighton Park, in southwest Chicago. The United Way branch in the city has focused on increasing graduation rates in the neighborhood.An increasing number of donors are asking whether they need a charitable middleman when causes and data galore are at their fingertips.
Sun, 15 Jan 2017 02:33:27 GMTMartine Rothblatt, who founded Sirius Satellite Radio and a pharmaceuticals company, supports programs that introduce girls to technology and engineering, fields that include some of the country’s top earners.A study shows that women are making inroads among the wealthy, but that their ranks at the very top of the earnings ladder are still remarkably thin.
Fri, 23 Dec 2016 23:31:20 GMTJohn Sanderson, left, with his grandchildren Luke and Clinton and his son Bill during a visit to their family cemetery in Cartersville, Va.They give people a powerful reason to connect with their family history. The I.R.S. provides its own: Nonprofit cemetery rules require a detailed accounting of descendants.
Fri, 23 Dec 2016 20:21:42 GMTAl Villeta was 52 when he retired last year from his job as a UPS driver and porter. He was a little lonely but made friends with men 30 years his senior and got a dog.Early retirement and a life of leisure may sound like the stuff of daydreams, but the reality can be jarring for people used to being busy and important.
Fri, 23 Dec 2016 16:20:31 GMTThe post-sale plans are often difficult to use, experts say, and your credit card company may already extend the manufacturer’s warranty.
Tue, 20 Dec 2016 22:49:32 GMTSmall banks are not much better than big banks when it comes to fees charged customers who spend more than they have in their account, the study found.
Mon, 19 Dec 2016 18:36:45 GMTMake it a priority to be human again — to work hard and to rest hard without worrying that we’ll fail at life if we rest, a financial planner writes.
Fri, 16 Dec 2016 22:55:59 GMTConsensus forecasts are invariably bullish. They aren’t accurate, though. In fact, they are atrocious, by statistical measures.
Fri, 16 Dec 2016 18:14:29 GMTDonald Trump may actually have the political power to enact the single-payer approach, but Republicans are extremely unlikely to embrace it.
Fri, 16 Dec 2016 23:09:49 GMTWith a new C.E.O., a company that had remained steadfastly mum in the face of complaints now shows an openness to discussing them.
Fri, 16 Dec 2016 12:19:20 GMTCissie Bonini, who represented EatSF, a nonprofit that gives food vouchers to low-income residents, spoke at Brandeis School of San Francisco. Students there pool their money in what is essentially a mini-foundation.Here is a guide to help you teach young people about philanthropy and offer them the tools to give.
Mon, 12 Dec 2016 19:12:48 GMTWhat if you flip your goals? What if you decide to do work that makes you happy now instead of waiting to retire so you can be happy later?
Fri, 09 Dec 2016 17:08:45 GMT“Management is trying to steal the company from the equity holders,” said John Myrick, a Breitburn holder who works in television post production in Los Angeles. “We know there’s value there.”A case involving Breitburn Energy Partners could offer a lesson for individual investors who are being run over by the company.
Fri, 09 Dec 2016 23:08:15 GMTSince the Nov. 8 election, emerging market shares such as the Chinese internet giant Tencent have fallen, while a broad range of shares in the American market have gained.Shares of several big banks have surged since election night, but some investors see bigger opportunity in the international markets.
Fri, 09 Dec 2016 16:17:11 GMTPassengers at Los Angeles International Airport waiting for Uber drivers, an alternative to cabs and rental cars.Lagging customer service and a host of inconveniences give travelers a long list of reasons to avoid car rental companies altogether.
Fri, 09 Dec 2016 13:40:47 GMTLinda Aikey, 62, of Burke, Va., was worried about the implications of long-term care and wanted a way to pay for it.New hybrid policies are less expensive than traditional long-term care insurance, but know your needs and ask some tough questions before deciding.
Wed, 07 Dec 2016 14:01:02 GMTKen Lin, chief executive of Credit Karma, which has been adding more financial features for customers, including free state and federal tax filings.Companies are vying to create automated financial assistants that employ artificial intelligence; one was directly inspired by science fiction.
Fri, 09 Dec 2016 17:08:54 GMTThe companies promoted the loans as essentially risk-free, federal regulators said. But borrowers can lose their homes through foreclosure if they fail to make necessary payments.
Wed, 07 Dec 2016 19:43:49 GMTSome employers still impose a New Year’s deadline for exhausting the balance of a flexible health spending account or forfeiting what’s left.
Mon, 05 Dec 2016 17:15:45 GMTKnowing there’s a return on investment that doesn’t fit neatly on a spreadsheet can help ease the stress.
Sat, 03 Dec 2016 20:17:03 GMTSocially responsible investing makes good business sense.
Fri, 02 Dec 2016 19:18:55 GMTFrom left, Dove Morgan Schmidt (Ms. Oklahoma), Sharon Peters (Ms. Michigan), Catherine Szerszen (Ms. Kentucky), Marguerite Rose (Ms. Rhode Island), and Linda Allbright (Ms. Washington) watch the performances backstage at the 2016 Ms. Senior America Pageant in Atlantic City.The Ms. Senior America pageant, and others like it, celebrate women of a certain age — “between 60 and death,” one contestant joked.
Sat, 03 Dec 2016 18:17:02 GMTA detention center in Eloy, Ariz. President-elect Donald J. Trump’s promise to deport millions of immigrants who are in the country illegally and his selection of the tough-on-crime senator Jeff Sessions of Alabama as attorney general could mean big money for the private prison industry.In the market rally after Donald J. Trump was elected president, two big beneficiaries were operators of prisons and immigration detention centers.
Sat, 03 Dec 2016 16:50:33 GMTA customer requested a refund from FlipKey, an online rental service owned by TripAdvisor, after arriving at a filthy lakeside vacation rental.
Fri, 02 Dec 2016 16:19:59 GMTHouses in Norfolk, Va., on waterfront property. Some have raised foundations to ward off flood damage.It’s a smart idea to consider the long-term implications of owning a home in damage-prone areas.
Fri, 02 Dec 2016 17:11:10 GMTJason Wolff and Jennifer Ferro, president of KCRW, at the station’s studios in Santa Monica, Calif. Mr. Wolff donated a radio station to KCRW.Many gifts this time of year are checks written to causes, but some come as junked cars and even orphan radio stations.
Fri, 02 Dec 2016 16:42:57 GMTIn another sign of a recovering housing market, the government will increase the amount that can be borrowed before loans become “jumbo” mortgages.
Wed, 30 Nov 2016 21:29:45 GMTThis is the time of year that a student loan grace period typically ends for spring graduates — but flexible repayment plans can help ease the burden.
Thu, 24 Nov 2016 14:00:16 GMTWe can get an idea of what to us feels like enough money by getting a baseline on spending and quantity, then homing in on quality.
Mon, 28 Nov 2016 16:29:54 GMTTrying to keep up with the Joneses, when the Joneses’ real finances are unknown, is unwise, a financial planner reminds us.
Wed, 30 Nov 2016 02:24:34 GMTWilliam Riffer (standing) joined the Christopher Wren Association in Williamsburg, Va., one of 400 University communities have advantages like intellectual stimulation, cultural amenities and a healthy economic base without a high price tag.
Fri, 25 Nov 2016 18:24:27 GMTLorrie Meyercord in her home invested more than $1 million in a company that builds housing for artists who use their creative talent for social good.How individual investors are contributing funds to artists who are working on important social issues.
Fri, 18 Nov 2016 23:09:48 GMTTwo brokerage firms, Clayton, Lowell & Conger and Ridgeway & Conger, in New Woodstock, N.Y., are no longer in operation. The building is for sale.Many brokers with troubled pasts are still running amok without their customers’ knowing their histories or their employers’ seeming to care much.
Fri, 18 Nov 2016 18:24:17 GMTMutual insurance companies owned by policyholders paid claims at a higher rate, providing the best value to consumers, a study found.
Mon, 21 Nov 2016 16:41:41 GMTLike children, some adults seem convinced that they can pretend to be investors, but that can be dangerous.
Sat, 19 Nov 2016 17:30:20 GMTA nonprofit that disputes huge bills from a supplier of printer toner is whipsawed between two companies, one of which is not even supposed to exist.
Sat, 19 Nov 2016 17:04:06 GMTSince Donald J. Trump’s victory, stock futures, bonds and some stock sectors have reversed themselves, and investors can expect more uncertainty.
Fri, 18 Nov 2016 21:42:33 GMTIn a lawsuit, Marsha Wetzel is accusing the Glen St. Andrew housing center and its managers of failing to protect her from hostile residents who have insulted and verbally abused her.If successful, Marsha Wetzel’s lawsuit against a senior living community in Illinois could set a legal precedent establishing housing providers’ responsibilities.
Fri, 18 Nov 2016 19:40:48 GMTDuane and Nancy Squires at their home in Myrtle Beach, S.C. They set up a trusteed I.R.A. to manage how their I.R.A. savings would be distributed to their children after their deaths.A trusteed I.R.A. lets parents determine how, when and why their children receive the distributions from their retirement accounts.
Fri, 18 Nov 2016 11:05:22 GMTAfter pulling cash from their homes during the boom years, many older people are saddled with rising debt, making retirement more difficult.
Fri, 18 Nov 2016 13:20:45 GMTThere are ways to minimize the financial pain of trading in a car that is worth less than what you owe.
Wed, 16 Nov 2016 20:04:35 GMTJeff Platt, chief executive of Sky Zone, at a Sky Zone location in Orlando, Fla. Mr. Platt said it took some effort to educate insurers about his trampoline park business.An entrepreneur might want to save money by ignoring potential liabilities, patents, copyrights or taxes, but such issues can be business killers.
Fri, 18 Nov 2016 22:43:07 GMTRising share prices signify predictions of greater profits, but those profits could come at the expense of consumers if regulations are slashed.
Mon, 14 Nov 2016 16:25:29 GMTLike the outcome of the presidential election, investing can have unpredictable results because no one has any idea what the future holds.