Almost half of the ultra-rich haven’t figured out how to pass on their wealth, research finds

Only 41% of investors with over $1 million have a plan for passing on their wealth to future generations, UBS says. kate_sept2004 via Getty Images Some $84 trillion is expected to be passed from one generation to the next within the next 20 years. And that’s just in the United States. But 41% of those…

Two potential opportunities for value creation emerge as Starboard takes a stake in Salesforce

Gary Burchell | Getty Images Company: Salesforce (CRM) Business: Salesforce is a global leader in customer relationship management (CRM) technology that brings companies and their clients together. It was founded in 1999 and is a pioneer in the cloud software space. It started as a tool to help enable sales teams to increase their productivity…

Biden administration could start forgiving student debt as soon as Sunday

Caroline Purser | The Image Bank | Getty Images The Biden administration could start discharging millions of Americans’ student debt as soon as Sunday. This is possible as some of the legal challenges brought against the sweeping policy by critics have failed in courts. A taxpayers group in Wisconsin earlier this week requested that the…

Should you apply early to college? Here’s what the experts say about this ‘strategic game’

When it comes to getting into college, every little bit helps. Often college hopefuls turn to applying early to their top school to gain that edge. By demonstrating a preference to a particular college, studies have shown, an early application can give you a leg up, which goes a long way in the hyper-competitive world…

Confessions of a personal finance reporter (Part Two): 3 more of my worst money mistakes

Sarah O’Brien hard at work writing about personal finance. Salvatore Agostino One of the best benefits of being a personal finance reporter is my keen ability to recognize the many money mistakes I’ve made in my life. I’ve already divulged a few in the first iteration of this confessional two years ago. While some of…

Inflation-adjusted college costs decline for the second-straight year

College costs keep climbing. And yet, this year’s increases in tuition and fees were very low by historic standards, according to a new report by the College Board, which tracks trends in college pricing and student aid. For the 2022-23 academic year, average tuition and fees rose by 1.6% to $3,860 for students at two-year…

Here’s what investors need to know about the latest crypto tax reporting rules for 2022

Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there’s been a yes or no “virtual currency” question on tax returns, requiring filers to check a box to disclose their taxable crypto activity. For…

JPMorgan Chase uses Advancing Black Wealth Tour to boost financial literacy, address racial wealth gap

JPMorgan Chase brought its Advancing Black Wealth Tour to Philadelphia on October 8, 2022. Photo: Steven CW Taylor & Salim Weldon of Steven Taylor Photography A new endeavor from JPMorgan Chase is trying to help close the racial wealth gap. The bank’s Advancing Black Wealth Tour, launched this spring, aims to give attendees the tools…

63% of Americans are living paycheck to paycheck — including nearly half of six-figure earners

In this article LC Follow your favorite stocksCREATE FREE ACCOUNT As rising prices continue to outpace wage gains, families are finding less cushion in their monthly budget. As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March. A year…

Amazon hires Hawaiian Air to fly rented Airbus cargo jets to replace older freighters

In this article HA AMZN Follow your favorite stocksCREATE FREE ACCOUNT Air cargo containers with the logo of Amazon are seen at Miami International Airport, in Miami, Florida, United States on June 16, 2021. Marco Bello | Anadolu Agency | Getty Images Amazon has hired Hawaiian Airlines to fly the first Airbus cargo planes in…