Tax

Walmart highlighted during its recent Q3 earnings call that it could raise prices on several of its products if Trump's plan to raise tariffs by 10% on all US imports is implemented during his second term.

Expiry of the enhanced premium tax credit provision, which helped the average enrollee save $700 this year, could result in four million people losing coverage.

Donald Trump fulfilled his pledge to replace SEC Chair Gary Gensler, who is known for clashing with top crypto companies.

McElroy's parcel ID or PIN linked to her family home was swapped with her neighbours, leading to considerable financial and mental stress over the years.

Robert Kiyosaki believes that the US Federal Reserve's gold-buying spree and interest rate cuts will drive its value to new record highs in the near future.

US states are working to eliminate state taxes on Social Security benefits, which could save retirees millions of dollars annually.

Billionaire and renowned value investor Warren Buffett avoided buying back Berkshire Hathaway shares in Q3 as he deemed his company could be overvalued.

The Social Security Fairness Act, designed to eliminate the Windfall Elimination Provision and Government Pension Offset laws, recently passed the House and will likely pass the Senate with 62 cosponsors.

Medicare Part B Premiums will increase by 5.9% to $185 monthly, which will be deducted from Social Security checks starting January 2025.

The average true tax rate for the ultra-rich, including Elon Musk, is much lower than those less affluent as they leverage a host of tax-savings strategies to reduce their reported annual income despite skyrocketing net-worth growth

A free my Social Security Account will allow recipients to view the latest COLA notices detailing the exact amount they will receive starting next year.

Trump's plans to eliminate Social Security taxes could affect revenues flowing into OASI and HI trust funds by $1.5 trillion in the next ten years.

The widow, divorced for over a decade, put her three children through college and couldn't prioritise her life goals, including starting a retirement fund.

Since taking office as Speaker of the Florida House of Representatives in the mid-2000s, Senator Marco Rubio has used a corporate credit card issued by the party for his personal expenses, liquidated his retirement funds prematurely, and defaulted on a mortgage.

Grant Cardone reveals his top five paths to wealth, from strategic investments to unexpected luck, emphasising self-confidence and value in the marketplace as essential for financial success

Kevin O'Leary reveals his mother's secret 32-year wealth-building strategy through disciplined saving and diversified investing.

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.

Divorces are adding to the financial distress of US retirees, especially women who don't have a robust financial infrastructure as men, creating long-term income gaps.

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.

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.

The billionaire believes that careful financial planning, such as avoiding impulsive investments and seeking legitimate financial advice, can help hedge risks in an athlete's career.

Mark Cuban revealed how a receptionist embezzled $82,000 from his first company, MicroSolutions, a setback that nearly bankrupted the business and taught him critical lessons about handling employee theft.

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.

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.

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.

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.

A Los Angeles-based couple bought rundown restaurants from retiring owners to achieve profitability in a short span.

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.

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.

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.