When it comes to Social Security benefits, the rules can be complex and filled with nuances. However, for divorced spouses, there is a valuable quirk that can significantly impact their benefits. In many cases, the monthly Social Security benefit that a divorced spouse can claim based on a former spouse’s work history essentially doubles when
Wealth
Ferrari CEO Benedetto Vigna recently announced the luxury carmaker’s ambitious plans to introduce its first fully electric vehicle by the final quarter of 2025. This move marks a significant shift for the Italian company, known for its iconic combustion engines that have delivered an unmatched roar on the roads. The decision to venture into the
The price of bitcoin has reached record highs this week, driven by the demand for newly approved spot bitcoin exchange-traded funds. Despite the dip to $67,000 from the $73,000 peak on Wednesday, the price is still up more than 50% year to date. With this surge in bitcoin’s value, tax professionals are warning investors about
The proposal for a wealth tax targeting the world’s super-rich is gaining traction once again, with U.S. President Joe Biden putting forth a plan to impose a “billionaire tax” on individuals with wealth exceeding $100 million. This initiative has sparked a renewed debate on how best to address wealth inequality and ensure that the ultra-wealthy
The landscape of philanthropy is rapidly changing, with donations to charity on the rise but the pool of donors shrinking. A recent study by Altrata revealed that ultra-high-net-worth individuals, those worth $30 million or more, now contribute 38% of all individual giving worldwide. This means that a mere 400,000 people are responsible for over a
As President Joe Biden and former President Donald Trump have both secured enough delegates to clinch their party nominations, policy experts are now examining how proposed tariffs could potentially affect American consumers. While the Trump campaign has not released many tax policy specifics, Trump has reiterated his support for tariffs, which are essentially taxes imposed
The IRS has recently rolled out a new tax filing program called Direct File, which aims to provide a free and convenient option for taxpayers to file their taxes directly with the agency. The program has been tested in 12 pilot states and is open to taxpayers with simple tax situations. This initiative has the
The world of overland road trips is not just a realm populated by rugged adventurers and thrill-seekers but also by individuals who have found profound meaning and purpose on the open road. Beyond the statistics and data lies a tapestry of unique stories that reflect the personal journeys of those who have taken the wheel
Tony Fernandes, the founder and CEO of AirAsia, stands by his unfiltered approach to social media, even if it means facing potential controversy. In a recent interview with CNBC, Fernandes emphasized the value of transparency in his communication style. Despite not getting his posts vetted by his PR team, Fernandes believes that social media allows
Barbara Corcoran, the renowned investor on ABC’s “Shark Tank,” believes that the key to a successful life lies in the ability to learn from mistakes. She emphasizes that recovering from failure is crucial, as it constitutes 95% of life. According to Corcoran, individuals who can bounce back from setbacks like a jack-in-the-box are more likely