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The Rise Of The Non-Working Rich

Robert Reich | Posted 09.14.2014 | Politics
Robert Reich

In a new Pew poll, more than three quarters of self-described conservatives believe "poor people have it easy because they can get government benefits without doing anything." In reality, most of America's poor work hard, often in two or more jobs. The real non-workers are the wealthy who inherit their fortunes. And their ranks are growing. In fact, we're on the cusp of the largest inter-generational wealth transfer in history. The wealth is coming from those who over the last three decades earned huge amounts on Wall Street, in corporate boardrooms, or as high-tech entrepreneurs. It's going to their children, who did nothing except be born into the right family.

Protect Yourself in a Divorce Using a Domestic Asset Protection Trust

Robert Pagliarini | Posted 07.22.2014 | Divorce
Robert Pagliarini

Is there a better way to retain your separate assets in a marriage and after a divorce that doesn't require the prenup conversation? For some people in certain situations, the answer may be yes.

Beyond Broke: Why the Racial Wealth Gap Matters

Dr. Maya Rockeymoore | Posted 06.29.2014 | Politics
Dr. Maya Rockeymoore

There are families in America who feel they have done all the "right things." They have played by the rules and worked hard but they aren't getting ahead financially. They have many things in common but the thing that is most striking is their racial make-up; they are mostly African-American and Latino.

Divorce Confidential: The Importance of Being Financially Savvy During Divorce

Caroline Choi | Posted 06.18.2014 | Divorce
Caroline Choi

Budgeting your finances and being mindful of how you spend will be key in creating a foundation for a healthy financial picture going forward.

Three Costly Divorce Settlement Mistakes and How to Avoid Them

Christian Denmon | Posted 03.23.2014 | Divorce
Christian Denmon

During divorce proceedings, the devil is truly in the details. One small oversight in a divorce settlement agreement can cost hundreds of thousands of dollars over the course of your lifetime. Here are three examples of small mistakes, based on real-life examples, in which one party has suffered devastating financial consequences.

Social Security for the Life-Cycle

Alan A. Aja | Posted 01.27.2014 | Politics
Alan A. Aja

While we applaud Senator Warren and Paul Krugman for their unequivocal stance not to cut but to expand the benefits of social security, we believe we can be much bolder.

Mad Men Meets Wall Street -- Redux As Television Changes Everything for Mad Men and Hedge Funds

April Rudin | Posted 09.18.2013 | Business
April Rudin

Hedge funds have an opportunity to be transparent and describe their core values, investment strategies and much more than just "track record." But, I'd argue that the biggest challenge facing the hedge fund industry with respect to the JOBS Act is that they can no longer hide.

Listen to Nana

Michael Farr | Posted 07.03.2013 | Business
Michael Farr

Happy July 4th Eve! Tomorrow America will celebrate 237 years of independence. Happy Nana's birthday, too. Today my grandmother, Margaret DuFief Reed,...

Crap: A Philosophy of Sh*t

Kenya (Robinson) | Posted 09.02.2013 | Arts
Kenya (Robinson)

On high authority I've been informed that my work is shit. Mostly I've been desensitized to such proclamations -- I can thank the Art School Critique framework for that -- but its ill-timed delivery, six days before graduation, left me shaken and stirred.

Recognize Talent

Gerald Chertavian | Posted 07.07.2013 | Impact
Gerald Chertavian

Tomorrow, thousands of Year Up students and staff in eight of our cities will take part in our annual Walk for Opportunity. They are rallying to raise public awareness about the massive pool of untapped talent that our young adults represent, and the economic necessity of closing the Opportunity Divide.

Refusing Austerity in America -- How "Baby Bonds" Could Expand Social Security

Alan A. Aja | Posted 06.26.2013 | Politics
Alan A. Aja

We need to expand the conception and reach of social security rather than continuously put it on the national chopping block.

Exit Here: 7 Steps to Successfully (and Profitably) Leaving Your Business

Bill McBean | Posted 04.26.2013 | Small Business
Bill McBean

Being in a position to dictate your own exit strategy should be the highlight of your career because it epitomizes the entrepreneurial dream: Go into business, be successful at it, and leave under your own terms.

The Intelligent Investor Series: How Do I Keep More Money in My Own Pockets? A True or False Quiz

Steven Abernathy | Posted 02.06.2013 | Business
Steven Abernathy

If less than 1 percent of all advisers are legally obligated to hold your interests above their own, do you feel confident that your financial advisers are looking out for you?

Catherine New

The Fiscal Cliff Redefines The 1 Percent

HuffingtonPost.com | Catherine New | Posted 01.02.2013 | Business

Forget the 1 percent, the fiscal cliff deal is all about the .7 percent. That's the slice of Americans who will be affected by Congress' new definitio...

Learning the Value of Money, From Inside the Foster Care System

Gary Stangler | Posted 11.28.2012 | Impact
Gary Stangler

So much of what young people learn about managing money comes from watching family members, and these last several years have given young people many opportunities to learn the challenges of managing money effectively.

For Prosperity Economics to Work We Must Leverage America's Growing Diversity as an Asset

Angela Glover Blackwell | Posted 10.08.2012 | Black Voices
Angela Glover Blackwell

Prosperity Economics provides an excellent policy platform for building an equitable and sustainable economy. The nation is now undergoing an unprecedented demographic transition, and it is time for policymakers to incorporate these solutions into national policy.

Small Business Audits A Waste Of Time, Watchdog Says

Reuters | Posted 07.25.2012 | Small Business

(Reuters) - The U.S. Internal Revenue Service's watchdog criticized the agency for doing a high number of small business, "S-corporation" audits witho...

Communities: Get Off Your Assets and Get Better Broadband

Craig Settles | Posted 09.19.2012 | Business
Craig Settles

America sits between a digital rock and a political hard place when it comes to broadband. If we're going to claw out of this mess, it will belocal communities that save the day by cultivating local assets.

With Nothing to Lose, Declining Net Worth Means Little to Asset-poor Families

Andrea Levere | Posted 09.16.2012 | Business
Andrea Levere

New data on household wealth paints a disturbing portrait of the decline in net worth for American families. But those numbers only tell part of the story -- the story of households with actual assets to lose.

What I Wish People Learned About Marriage and Divorce in High School

Katherine Eisold Miller | Posted 06.25.2012 | Divorce
Katherine Eisold Miller

When I thought of marriage as a teen, it involved romance. It did not involve thinking about a financial partnership or the implications of what amounts to a small business relationship.

What I Wish People Learned About Divorce in High School

Katherine Eisold Miller | Posted 06.25.2012 | Divorce
Katherine Eisold Miller

When I thought of marriage as a teen, it involved romance. It did not involve thinking about a financial partnership or the implications of what amounts to a small business relationship.

Global Financial Stability: What's Still to Be Done?

José Viñals | Posted 06.23.2012 | Business
José Viñals

The quest for lasting financial stability is still fraught with risks. The latest Global Financial Stability Report has two key messages: policy actions have brought gains to global financial stability since our September report; but current policy efforts are not enough to achieve lasting stability.

Thanks To BofA You Can Now Buy Foreclosed Homes In Bulk

Reuters | Posted 06.12.2012 | Business

By Matthew Goldstein and Jennifer Ablan NEW YORK, April 12 (Reuters) - For the second time in five months, Bank of America is tapping ...

Don't Let the Government Write Your Will

Ann Margaret Carrozza | Posted 05.06.2012 | Money
Ann Margaret Carrozza

We may well disagree on exactly where to draw the line, but we can all probably agree that we don't want our state of residence preparing our last will and testament.

Big Swiss Bank To Give Up Spot In Investment Banking's Top Ten

Posted 12.23.2011 | Business

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, the ...