Personal Finance

A financial planner says money is a tool to help you live the life you want. One way to make the most of it is to spend on services that save time, like hiring an accountant for taxes or a house cleaner. If you calculate what your time is worth,…

Around 5.2 million over 55s do not expect their estates to get taxed upon death, however, millions are caught off guard each year and left to pay thousands, new research shows.Inheritance tax is a tax on the estate (the property, the money, and possessions) of someone who has passed away.Almost three in 10 UK adults (28 per cent) believe their…

Wealthier individuals are inclined to save an extra dollar given to them compared to those with lower incomes. While some may argue that this is due to the limited personal income of the less affluent, an analysis of spending habits demonstrates that the wealthy are quite decisive about where and how they allocate their funds.…

Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Sign up here to get it sent straight to your inbox every Monday. Does the format, content and tone work for you? Let me know: harriet.agnew@ft.com One thing to start:…

(Maurie Backman) When it comes to building an investment portfolio, you have a choice. You could assemble a mix of individual stocks or load up on broad market ETFs, or exchange-traded funds. Or you could do a little of both.Even though I'm comfortable researching stocks and investing in businesses…

Image source: Getty Images There's no shame in making mistakes that we learn from. Key points Fear-based financial decisions rarely work out…

HP Inc has been accused of improperly using funds set aside for retired workers. The lawsuit , filed on behalf of plaintiff Paul Hutchins in a US federal court in northern California, claims HP has taken forfeited funds – money the IT giant pledged to contribute to workers' 401(k) pots but unclaimed because employees left before…

Each month, about 71 million Americans - retirees, disabled workers and others – receive checks from Social Security. But each year, about a million people get something else in the mail – a bill. They're told they owe the government money, sometimes tens of thousands of dollars, because the Social Security Administration miscalculated their…

Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems.In a recent report published by The Investment Association (IA), it argued that fund tokenization – which refers to issuing tokenized units or shares on…

(Maurie Backman) Passive income is an investor's dream. You get to sit back and get paid on a regular basis without having to go out and hustle.Meanwhile, investing in real estate is a great way to set yourself up with passive income. But that doesn't necessarily mean going out and purchasing a property you…