Finance

Al Pacino delegated all financial paperwork to his accountant, who had been running a Ponzi scheme for years and was eventually sentenced to seven years in prison.

Niloy Chakrabarti Oct 31, 2024

The age of remarriage is among the top factors that determine your eligibility for Social Security disability or survivor benefits on your former spouse's records.

Niloy Chakrabarti Oct 31, 2024

Car expert Jayden Bloom warns against long-term, high-interest car loans after a woman's $0 downpayment deal resulted in $499 monthly payments stretched over 427 months, a scenario he called the "worst car deal" he'd ever seen.

Niloy Chakrabarti Oct 30, 2024

After his baggage shipping service, LugLess, was rejected by Shark Tank, founder Brian Altomare criticised the show's judges for not understanding the needs of everyday travellers, as his business went on to grow 500% by offering a cost-effective alternative to airline baggage fees.

Niloy Chakrabarti Oct 29, 2024

A man's lookalike brother exploited SoFi's ID verification system to fraudulently secure a $52K loan in his name, only to lose the entire amount in a cryptocurrency scam.

Niloy Chakrabarti Oct 28, 2024

Kevin O'Leary reveals his approach to family loan requests, advocating for a one-time gift with no repayment expectations to avoid ongoing financial dependence and strained relationships.

Niloy Chakrabarti Oct 25, 2024

An 83-year-old woman lost $50,000 in a cryptocurrency scam after a caller impersonating her grandson convinced her to pay bail through crypto transactions, despite multiple warnings from her bank.

Niloy Chakrabarti Oct 25, 2024

A £800,000 ($970,000) inheritance dispute has reached London's High Court after 92-year-old Carry Keats tore up her will on her deathbed, leaving her sister and cousins to battle over the estate's validity.

Niloy Chakrabarti Oct 23, 2024

BofA's former head of Financial Institutions Group, Gary Howe, is known for enforcing long working hours on junior bankers under him, which potentially played a role in the death of an ex-Green Beret who joined the bank to support his family.

Niloy Chakrabarti Oct 22, 2024

50 Cent is among many artists who want their kids to work hard for money. The rapper is ashamed that his 27-year-old son thinks his father's wealth is his own and hopes he will change his ways soon.

Niloy Chakrabarti Oct 19, 2024

Robert Kiyosaki believes investing in assets like dividend stocks, real estate, annuities, and loans can offer stable and regular income. He also suggests collecting royalties from the sale of intellectual property for additional income.

Niloy Chakrabarti Oct 18, 2024

UK millionaires are expediting plans to leave the country as fears grow that Labour may announce capital gains tax hikes and an "exit levy" for those leaving.

Niloy Chakrabarti Oct 17, 2024

Ramit Sethi thinks women increasingly earning more than men is threatening their role as providers, driving relationship issues.

Niloy Chakrabarti Oct 16, 2024

Ramit Sethi is concerned with influencers like Grant Cardone's portrayal of the middle class as losers who made the biggest mistake of buying into the idea of the middle class.

Niloy Chakrabarti Oct 16, 2024

Mark Cuban said that dividend-paying stocks, REITs, and high-yield savings accounts are among the easily accessible investment options people can explore for passive income.

Niloy Chakrabarti Oct 16, 2024

Ramsey thinks investing Social Security income starting at 62 in mutual funds can help overcome shortfalls for the early claim.

Niloy Chakrabarti Oct 16, 2024

Former FTX Digital Markets CEO Ryan Salame, known for his role in the collapse of the cryptocurrency exchange, has ironically announced his new position as a prison inmate on LinkedIn after being sentenced to seven and a half years for illegal political contributions and financial misconduct.

Andrea Tode Jimenez Oct 14, 2024

Rich people leverage 401(k) employer-matching options, create backdoor Roth IRA accounts to avoid future taxes, and create investment accounts for liquidity and access to low-cost, diverse funds.

Niloy Chakrabarti Oct 14, 2024

Todd Graves worked as a boilermaker in an oil refinery near California and fished salmon in Alaska in harsh conditions before opening Raising Cane's fast-food chain that only sold chicken fingers and made him over $9 billion in less than three decades.

Niloy Chakrabarti Oct 11, 2024

The Social Security Administration's 2.5% COLA hike for 2025 will increase the monthly income of retired workers by an average of $50 and $100 for widowed mothers with two children.

Niloy Chakrabarti Oct 10, 2024

Most job switchers contribute to 401(k)s at the low default rate fixed by the plan provider and often fail to account for the drop in savings rate when they move to a new employer despite a decent pay bump.

Niloy Chakrabarti Oct 10, 2024

The proposed bill is expected to help kids become familiar with financial planning early on and level the playing field for Americans from all walks of life by offering each the chance to achieve financial freedom.

Niloy Chakrabarti Oct 10, 2024

The senior is struggling to ask her husband of 30 years to cut his biological son and ex-wife from her portion of their combined net worth as they rarely help or stay in touch.

Niloy Chakrabarti Oct 08, 2024

Christopher DeVocht from British Columbia alleges that RBC didn't acknowledge his limited financial acumen and advised him to donate millions to charities and trade using a margin account via a new holding company to avoid taxes.

Niloy Chakrabarti Oct 07, 2024

The senior woman is exploring ways to ask her boyfriend of three years if he would include her in his will despite the wealthy man having previously expressed no inclination to marry her.

Niloy Chakrabarti Oct 05, 2024

The automobile industry constantly evolves while the financial sector navigates the complexities of market fluctuations

Mike Malone Oct 04, 2024

George Appling and his partner Brian will help their kids in their formative years by paying for college, cars, and homes but avoid covering extravagant purchases and make sure teenagers work hard to receive their hard-earned money.

Niloy Chakrabarti Oct 04, 2024

To be among the top 10% of wealthy retirees, you require a net worth of $1.9 million. These people often have diverse investment portfolios, strong passive income streams, and a balanced long-term mindset.

Niloy Chakrabarti Oct 04, 2024

75-year-old Tim F. wishes he had claimed his Social Security earlier to fulfil his plans of spending it together with his wife, Sarah, who passed away at age 68.

Niloy Chakrabarti Oct 03, 2024

Alice Lin, a Southern California widow, is now leveraging new laws to win her case against JPMorgan for allowing fraudulent transactions despite multiple red flags.

Niloy Chakrabarti Oct 02, 2024